Eagle Bancorp Montana (NASDAQ:EBMT) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.03 and traded as high as $16.85. Eagle Bancorp Montana shares last traded at $16.75, with a volume of 13,411 shares traded.

Wall Street Analysts Forecast Growth

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

Eagle Bancorp Montana Price Performance

The stock has a market capitalization of $134.34 million, a price-to-earnings ratio of 15.51 and a beta of 0.51. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. The stock has a fifty day moving average of $16.77 and a 200-day moving average of $15.03.

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

Eagle Bancorp Montana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a $0.142 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.39%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 52.78%.

Insiders Place Their Bets

In other news, Director Peter Joseph Johnson sold 5,000 shares of Eagle Bancorp Montana stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $16.97, for a total value of $84,850.00. Following the transaction, the director now directly owns 57,838 shares of the company’s stock, valued at $981,510.86. The trade was a 7.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kenneth M. Walsh sold 6,705 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $16.44, for a total transaction of $110,230.20. Following the completion of the sale, the director now owns 141,033 shares of the company’s stock, valued at approximately $2,318,582.52. This trade represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,795 shares of company stock valued at $213,610 over the last quarter. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several institutional investors have recently added to or reduced their stakes in the stock. Fourthstone LLC grew its stake in shares of Eagle Bancorp Montana by 1.1% in the 3rd quarter. Fourthstone LLC now owns 520,663 shares of the bank’s stock valued at $8,221,000 after purchasing an additional 5,898 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 1,075 shares during the period. Brandes Investment Partners LP grew its position in Eagle Bancorp Montana by 14.3% in the 2nd quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock valued at $2,254,000 after buying an additional 21,441 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in 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 buying an additional 2,937 shares during the period. Finally, Geode Capital Management LLC raised its position in Eagle Bancorp Montana by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 77,133 shares of the bank’s stock worth $1,218,000 after buying an additional 11,490 shares during the last quarter. Institutional investors and hedge funds own 35.66% of the company’s stock.

About Eagle Bancorp Montana

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.