Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Stock Holdings Lessened by Cutler Capital Management LLC

Cutler Capital Management LLC lessened its holdings in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,634 shares of the bank’s stock after selling 5,595 shares during the period. Cutler Capital Management LLC’s holdings in Eagle Bancorp Montana were worth $1,006,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Empowered Funds LLC boosted its stake in Eagle Bancorp Montana by 4.3% in the fourth quarter. Empowered Funds LLC now owns 23,408 shares of the bank’s stock valued at $359,000 after acquiring an additional 960 shares during the period. State Street Corp lifted its holdings in shares of Eagle Bancorp Montana by 5.9% in the 3rd quarter. State Street Corp now owns 17,838 shares of the bank’s stock worth $282,000 after purchasing an additional 1,000 shares during the last quarter. Atria Investments Inc boosted its position in Eagle Bancorp Montana by 10.0% during the 4th quarter. Atria Investments Inc now owns 11,097 shares of the bank’s stock valued at $170,000 after purchasing an additional 1,006 shares during the period. Janney Montgomery Scott LLC grew its stake in Eagle Bancorp Montana by 3.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank’s stock worth $701,000 after buying an additional 1,699 shares during the last quarter. Finally, Barclays PLC increased its position in Eagle Bancorp Montana by 25.8% in the third quarter. Barclays PLC now owns 10,567 shares of the bank’s stock worth $167,000 after buying an additional 2,165 shares during the period. Institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Stock Performance

Shares of NASDAQ EBMT opened at $15.54 on Wednesday. Eagle Bancorp Montana, Inc. has a 12-month low of $12.32 and a 12-month high of $18.37. The company has a market cap of $123.96 million, a PE ratio of 12.53 and a beta of 0.40. The stock has a 50 day simple moving average of $16.70 and a 200-day simple moving average of $16.31. 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 (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were paid a dividend of $0.1425 per share. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.57 annualized dividend and a yield of 3.67%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 45.97%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $15.11, for a total transaction of $151,100.00. Following the transaction, the director now owns 126,033 shares in the company, valued at $1,904,358.63. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is owned by insiders.

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.