Arrowstreet Capital Limited Partnership Takes Position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,768 shares of the bank’s stock, valued at approximately $196,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC raised its stake in Eagle Bancorp Montana by 25.8% during the 3rd quarter. Barclays PLC now owns 10,567 shares of the bank’s stock worth $167,000 after buying an additional 2,165 shares during the period. Atria Investments Inc grew its stake in shares of Eagle Bancorp Montana by 10.0% during the 4th quarter. Atria Investments Inc now owns 11,097 shares of the bank’s stock worth $170,000 after acquiring an additional 1,006 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Eagle Bancorp Montana in the 4th quarter valued at $227,000. State Street Corp increased its position in shares of Eagle Bancorp Montana by 5.9% in the third quarter. State Street Corp now owns 17,838 shares of the bank’s stock valued at $282,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Eagle Bancorp Montana during the 4th quarter worth approximately $308,000. 35.66% of the stock is owned by institutional investors.

Eagle Bancorp Montana Trading Down 1.2 %

Shares of NASDAQ:EBMT opened at $15.79 on Monday. The stock has a market cap of $125.96 million, a PE ratio of 12.73 and a beta of 0.40. The business has a 50 day moving average of $16.78 and a 200-day moving average of $16.33. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. Eagle Bancorp Montana, Inc. has a 12-month low of $12.32 and a 12-month high of $18.37.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.15. Eagle Bancorp Montana had a net margin of 8.02% and a return on equity of 5.68%. As a group, equities research analysts forecast that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current year.

Eagle Bancorp Montana Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were paid a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 3.61%. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, February 14th. Eagle Bancorp Montana’s dividend payout ratio is presently 45.97%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th.

Insider Buying and Selling at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $15.11, for a total value of $151,100.00. Following the sale, the director now owns 126,033 shares in the company, valued at $1,904,358.63. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.10% 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.