Eagle Bancorp Montana (NASDAQ:EBMT) Shares Cross Above 200 Day Moving Average – Time to Sell?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.49 and traded as high as $22.14. Eagle Bancorp Montana shares last traded at $21.71, with a volume of 32,251 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. DA Davidson boosted their price target on Eagle Bancorp Montana from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eagle Bancorp Montana in a research note on Friday, April 10th. Finally, Zacks Research downgraded Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Eagle Bancorp Montana has an average rating of “Hold” and an average target price of $23.00.

Eagle Bancorp Montana Stock Performance

The firm has a market cap of $177.01 million, a price-to-earnings ratio of 11.81 and a beta of 0.30. The stock has a 50 day moving average of $21.58 and a 200 day moving average of $19.52. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.43.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Tuesday, January 27th. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13. The business had revenue of $24.29 million during the quarter, compared to the consensus estimate of $18.89 million. Eagle Bancorp Montana had a return on equity of 8.06% and a net margin of 11.67%. As a group, analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 13th were paid a dividend of $0.145 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.58 annualized dividend and a yield of 2.6%. Eagle Bancorp Montana’s payout ratio is presently 30.85%.

Insiders Place Their Bets

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $22.47, for a total transaction of $224,700.00. Following the completion of the transaction, the director owned 92,260 shares of the company’s stock, valued at approximately $2,073,082.20. The trade was a 9.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Joseph Johnson sold 4,192 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $23.06, for a total value of $96,667.52. Following the transaction, the director directly owned 48,873 shares of the company’s stock, valued at approximately $1,127,011.38. The trade was a 7.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 19,647 shares of company stock valued at $446,110. 5.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EBMT. Bank of America Corp DE raised its stake in Eagle Bancorp Montana by 18.6% during the fourth quarter. Bank of America Corp DE now owns 5,123 shares of the bank’s stock worth $79,000 after acquiring an additional 803 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Eagle Bancorp Montana by 355.3% during the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock worth $38,000 after acquiring an additional 1,766 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Eagle Bancorp Montana by 127.4% during the first quarter. Goldman Sachs Group Inc. now owns 31,256 shares of the bank’s stock worth $524,000 after acquiring an additional 17,509 shares in the last quarter. Empowered Funds LLC raised its stake in Eagle Bancorp Montana by 7.3% during the first quarter. Empowered Funds LLC now owns 25,114 shares of the bank’s stock worth $421,000 after acquiring an additional 1,706 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Eagle Bancorp Montana by 193.4% during the first quarter. Jane Street Group LLC now owns 35,946 shares of the bank’s stock worth $602,000 after acquiring an additional 23,694 shares in the last quarter. Institutional investors and hedge funds own 35.66% of the company’s stock.

Eagle Bancorp Montana Company 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.