The Manufacturers Life Insurance Company Acquires New Position in Eagle Bancorp Montana, Inc. $EBMT

The Manufacturers Life Insurance Company bought a new position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 395,656 shares of the bank’s stock, valued at approximately $9,468,000. The Manufacturers Life Insurance Company owned approximately 4.96% of Eagle Bancorp Montana at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EBMT. Allworth Financial LP bought a new position in shares of Eagle Bancorp Montana during the second quarter valued at approximately $25,000. Russell Investments Group Ltd. bought a new position in Eagle Bancorp Montana during the 3rd quarter worth $25,000. Raymond James Financial Inc. bought a new position in Eagle Bancorp Montana during the 2nd quarter worth $28,000. BNP Paribas Financial Markets increased its position in Eagle Bancorp Montana by 60.8% in the third quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $30,000 after buying an additional 664 shares during the period. Finally, Jones Financial Companies Lllp increased its position in Eagle Bancorp Montana by 355.3% in the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock worth $38,000 after buying an additional 1,766 shares during the period. 35.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Eagle Bancorp Montana Price Performance

Shares of NASDAQ:EBMT opened at $22.70 on Friday. The company has a market capitalization of $180.92 million, a PE ratio of 11.13 and a beta of 0.35. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a fifty day moving average of $23.42 and a 200-day moving average of $22.49. Eagle Bancorp Montana, Inc. has a one year low of $15.80 and a one year high of $24.66.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, July 28th. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). The firm had revenue of $24.16 million during the quarter, compared to analysts’ expectations of $23.55 million. Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.57%. As a group, equities analysts anticipate that Eagle Bancorp Montana, Inc. will post 2.03 EPS for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.1475 per share. The ex-dividend date is Friday, August 14th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s payout ratio is 28.92%.

Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.