Hillsdale Investment Management Inc. Lowers Stake in Eagle Bancorp Montana, Inc. $EBMT

Hillsdale Investment Management Inc. lessened its holdings in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 85.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,300 shares of the bank’s stock after selling 101,200 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Eagle Bancorp Montana were worth $344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allied Investment Advisors LLC purchased a new position in Eagle Bancorp Montana in the 4th quarter valued at approximately $632,000. CWM LLC boosted its position in Eagle Bancorp Montana by 3.8% in the 4th quarter. CWM LLC now owns 42,964 shares of the bank’s stock valued at $855,000 after buying an additional 1,566 shares during the period. Ritholtz Wealth Management boosted its position in Eagle Bancorp Montana by 7.2% in the 4th quarter. Ritholtz Wealth Management now owns 58,188 shares of the bank’s stock valued at $1,158,000 after buying an additional 3,917 shares during the period. JPMorgan Chase & Co. boosted its position in Eagle Bancorp Montana by 87.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,583 shares of the bank’s stock valued at $114,000 after buying an additional 3,063 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in Eagle Bancorp Montana by 5.2% in the 3rd quarter. Bridgeway Capital Management LLC now owns 67,232 shares of the bank’s stock valued at $1,161,000 after buying an additional 3,294 shares during the period. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction on Friday, May 8th. The shares were sold at an average price of $22.83, for a total transaction of $228,300.00. Following the sale, the director directly owned 82,260 shares in the company, valued at $1,877,995.80. This trade represents a 10.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.80% of the stock is owned by corporate insiders.

Eagle Bancorp Montana Price Performance

Shares of EBMT opened at $21.85 on Tuesday. Eagle Bancorp Montana, Inc. has a twelve month low of $15.10 and a twelve month high of $23.94. The firm’s fifty day simple moving average is $21.77 and its 200-day simple moving average is $20.68. The firm has a market capitalization of $174.14 million, a price-to-earnings ratio of 11.04 and a beta of 0.35. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Eagle Bancorp Montana had a net margin of 12.16% and a return on equity of 8.29%. The business had revenue of $23.58 million for the quarter, compared to analyst estimates of $23.05 million. Equities analysts forecast that Eagle Bancorp Montana, Inc. will post 2.08 EPS for the current fiscal year.

Eagle Bancorp Montana Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, May 15th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 29.29%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Zacks Research cut shares of Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. DA Davidson raised their price target on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Hovde Group raised their price target on shares of Eagle Bancorp Montana from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Eagle Bancorp Montana in a research report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.50.

Eagle Bancorp Montana 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.