23,973 Shares in Eagle Bancorp Montana, Inc. $EBMT Bought by Pinnacle Holdings LLC

Pinnacle Holdings LLC acquired a new position in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,973 shares of the bank’s stock, valued at approximately $574,000. Pinnacle Holdings LLC owned about 0.30% of Eagle Bancorp Montana as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of EBMT. Hsbc Holdings PLC raised its holdings in shares of Eagle Bancorp Montana by 1.0% in the first quarter. Hsbc Holdings PLC now owns 46,645 shares of the bank’s stock valued at $963,000 after buying an additional 466 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Eagle Bancorp Montana by 60.8% during 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 last quarter. State of Wyoming grew its holdings in shares of Eagle Bancorp Montana by 26.6% during the fourth quarter. State of Wyoming now owns 3,730 shares of the bank’s stock worth $74,000 after buying an additional 784 shares during the last quarter. Bank of America Corp DE increased its position in Eagle Bancorp Montana by 18.6% in the 4th quarter. Bank of America Corp DE now owns 5,123 shares of the bank’s stock valued at $79,000 after acquiring an additional 803 shares during the period. Finally, Allworth Financial LP acquired a new position in Eagle Bancorp Montana in the 2nd quarter valued at about $25,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on EBMT shares. DA Davidson upped their price objective on Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings raised Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, June 18th. Finally, Hovde Group upped their price target on Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Eagle Bancorp Montana Price Performance

EBMT stock opened at $22.85 on Monday. The stock has a market capitalization of $182.11 million, a PE ratio of 11.20 and a beta of 0.35. The company has a fifty day moving average of $23.45 and a 200-day moving average of $22.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 0.87. 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 issued its quarterly earnings results on Tuesday, July 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $24.16 million for the quarter, compared to analyst estimates 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, analysts expect that Eagle Bancorp Montana, Inc. will post 2.03 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

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

About Eagle Bancorp Montana

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.