US Bancorp DE grew its holdings in shares of Eagle Bancorp Montana Inc (NASDAQ:EBMT) by 21.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,229 shares of the bank’s stock after buying an additional 3,098 shares during the period. US Bancorp DE’s holdings in Eagle Bancorp Montana were worth $361,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in EBMT. Thomson Horstmann & Bryant Inc. bought a new position in Eagle Bancorp Montana in the 4th quarter worth about $2,034,000. Deprince Race & Zollo Inc. boosted its stake in Eagle Bancorp Montana by 20.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 232,781 shares of the bank’s stock worth $4,877,000 after purchasing an additional 39,142 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Eagle Bancorp Montana by 44.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,500 shares of the bank’s stock worth $697,000 after purchasing an additional 11,804 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Eagle Bancorp Montana by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 201,960 shares of the bank’s stock worth $3,655,000 after purchasing an additional 4,395 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Eagle Bancorp Montana by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 46,873 shares of the bank’s stock worth $848,000 after purchasing an additional 1,723 shares in the last quarter. Institutional investors own 36.89% of the company’s stock.
Eagle Bancorp Montana Inc (NASDAQ:EBMT) opened at $19.99 on Tuesday. The stock has a market cap of $99.27, a PE ratio of 15.11, a P/E/G ratio of 1.35 and a beta of 0.33. Eagle Bancorp Montana Inc has a one year low of $17.35 and a one year high of $21.95. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.99 and a quick ratio of 0.97.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, February 8th. Eagle Bancorp Montana’s dividend payout ratio is currently 34.95%.
Separately, Zacks Investment Research upgraded shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, December 20th.
In related news, Director Rick Hays bought 2,000 shares of the stock in a transaction on Thursday, February 15th. The shares were acquired at an average price of $19.70 per share, for a total transaction of $39,400.00. Following the purchase, the director now owns 22,729 shares of the company’s stock, valued at $447,761.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Peter Joseph Johnson sold 2,069 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $19.75, for a total transaction of $40,862.75. Following the transaction, the chief executive officer now owns 94,460 shares in the company, valued at approximately $1,865,585. The disclosure for this sale can be found here. Insiders have sold a total of 3,538 shares of company stock worth $70,110 in the last 90 days. Company insiders own 9.90% of the company’s stock.
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About Eagle Bancorp Montana
Eagle Bancorp Montana, Inc is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank.
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