Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Shares Bought by Empowered Funds LLC

Empowered Funds LLC lifted its stake in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,448 shares of the bank’s stock after buying an additional 1,072 shares during the period. Empowered Funds LLC’s holdings in Eagle Bancorp Montana were worth $354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBMT. Dimensional Fund Advisors LP increased its holdings in shares of Eagle Bancorp Montana by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock valued at $1,236,000 after purchasing an additional 2,937 shares in the last quarter. Brandes Investment Partners LP boosted its holdings in Eagle Bancorp Montana by 14.3% during the second quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock worth $2,254,000 after buying an additional 21,441 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Eagle Bancorp Montana by 0.3% during the first quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock worth $4,638,000 after buying an additional 1,075 shares during the period. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Eagle Bancorp Montana Stock Performance

NASDAQ:EBMT opened at $17.40 on Tuesday. Eagle Bancorp Montana, Inc. has a 1-year low of $11.83 and a 1-year high of $17.65. The firm has a 50 day simple moving average of $16.35 and a 200-day simple moving average of $14.65. The firm has a market cap of $139.50 million, a PE ratio of 16.11 and a beta of 0.52. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.93.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $31.74 million for the quarter, compared to analyst estimates of $20.60 million. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 4.96%. On average, equities analysts expect that Eagle Bancorp Montana, Inc. will post 1.1 EPS for the current year.

Eagle Bancorp Montana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.142 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Friday, November 15th. Eagle Bancorp Montana’s payout ratio is currently 52.78%.

Insider Buying and Selling at Eagle Bancorp Montana

In related news, Director Peter Joseph Johnson sold 5,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $16.97, for a total value of $84,850.00. Following the completion of the sale, the director now directly owns 57,838 shares in the company, valued at approximately $981,510.86. This represents a 7.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth M. Walsh sold 6,705 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $16.44, for a total value of $110,230.20. Following the transaction, the director now owns 141,033 shares in the company, valued at approximately $2,318,582.52. This represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,795 shares of company stock valued at $213,610. Company insiders own 6.70% of the company’s stock.

Eagle Bancorp Montana Company Profile

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.