Sei Investments Co. Purchases New Shares in Eagle Bancorp Montana, Inc. $EBMT

Sei Investments Co. purchased a new position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 63,392 shares of the bank’s stock, valued at approximately $1,305,000. Sei Investments Co. owned approximately 0.80% of Eagle Bancorp Montana at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EBMT. Russell Investments Group Ltd. purchased a new position in shares of Eagle Bancorp Montana in the third quarter worth approximately $25,000. Raymond James Financial Inc. purchased a new stake in shares of Eagle Bancorp Montana in the 2nd quarter valued at approximately $28,000. BNP Paribas Financial Markets lifted its position in shares of Eagle Bancorp Montana by 60.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $30,000 after acquiring an additional 664 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Eagle Bancorp Montana by 355.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock worth $38,000 after purchasing an additional 1,766 shares during the period. Finally, State of Wyoming acquired a new position in Eagle Bancorp Montana in the 2nd quarter worth approximately $46,000. 35.66% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Montana Stock Up 0.4%

Shares of EBMT stock opened at $23.49 on Wednesday. The stock’s 50 day simple moving average is $23.42 and its 200 day simple moving average is $22.39. 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 twelve month low of $15.80 and a twelve month high of $24.66. The company has a market capitalization of $187.22 million, a price-to-earnings ratio of 11.51 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Tuesday, July 28th. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.57%.The company had revenue of $24.16 million during the quarter, compared to analyst estimates of $23.55 million. As a group, research analysts predict that Eagle Bancorp Montana, Inc. will post 2.03 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be paid a $0.1475 dividend. The ex-dividend date is Friday, August 14th. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. This represents a $0.59 dividend on an annualized basis and a dividend yield of 2.5%. Eagle Bancorp Montana’s dividend payout ratio is presently 28.43%.

Wall Street Analysts Forecast Growth

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