Insider Selling: Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Sells 10,000 Shares of Stock

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $15.11, for a total transaction of $151,100.00. Following the sale, the director now directly owns 126,033 shares in the company, valued at $1,904,358.63. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Eagle Bancorp Montana Stock Performance

EBMT stock opened at $15.13 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57. Eagle Bancorp Montana, Inc. has a 12-month low of $12.32 and a 12-month high of $17.62. The stock’s 50 day simple moving average is $15.60 and its 200 day simple moving average is $15.58. The firm has a market cap of $121.34 million, a P/E ratio of 12.20 and a beta of 0.53.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Tuesday, January 28th. The bank reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. As a group, equities research analysts predict that Eagle Bancorp Montana, Inc. will post 1.65 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.1425 per share. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.57 annualized dividend and a dividend yield of 3.77%. Eagle Bancorp Montana’s payout ratio is 45.97%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Eagle Bancorp Montana from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th.

Hedge Funds Weigh In On Eagle Bancorp Montana

Institutional investors have recently modified their holdings of the company. Barclays PLC boosted its stake in Eagle Bancorp Montana by 25.8% during the 3rd quarter. Barclays PLC now owns 10,567 shares of the bank’s stock valued at $167,000 after purchasing an additional 2,165 shares during the period. State Street Corp boosted its position in shares of Eagle Bancorp Montana by 5.9% during the third quarter. State Street Corp now owns 17,838 shares of the bank’s stock worth $282,000 after buying an additional 1,000 shares during the period. Geode Capital Management LLC boosted its position in shares of Eagle Bancorp Montana by 17.5% during the third quarter. Geode Capital Management LLC now owns 77,133 shares of the bank’s stock worth $1,218,000 after buying an additional 11,490 shares during the period. Empowered Funds LLC grew its holdings in Eagle Bancorp Montana by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock worth $354,000 after buying an additional 1,072 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Eagle Bancorp Montana by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock valued at $1,236,000 after acquiring an additional 2,937 shares during the period. Institutional investors own 35.66% of the company’s stock.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc operates as the bank holding company for Opportunity Bank of Montana that provides various retail banking products and services to small businesses and individuals in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.