Stockman Wealth Management Inc. Sells 5,803 Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)

Stockman Wealth Management Inc. decreased its position in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,000 shares of the bank’s stock after selling 5,803 shares during the period. Stockman Wealth Management Inc. owned 0.36% of Eagle Bancorp Montana worth $445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC increased its holdings in shares of Eagle Bancorp Montana by 25.8% in the third quarter. Barclays PLC now owns 10,567 shares of the bank’s stock worth $167,000 after acquiring an additional 2,165 shares in the last quarter. State Street Corp lifted its stake in 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. Empowered Funds LLC increased its position in Eagle Bancorp Montana by 5.0% during the third quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock worth $354,000 after buying an additional 1,072 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Eagle Bancorp Montana by 3.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank’s stock valued at $701,000 after acquiring an additional 1,699 shares during the period. Finally, John G Ullman & Associates Inc. lifted its stake in shares of Eagle Bancorp Montana by 13.4% during the 3rd quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock worth $988,000 after buying an additional 7,382 shares during the last quarter. 35.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Eagle Bancorp Montana Price Performance

Shares of EBMT opened at $15.13 on Friday. The business has a 50-day simple moving average of $15.60 and a two-hundred day simple moving average of $15.59. Eagle Bancorp Montana, Inc. has a 12-month low of $12.32 and a 12-month high of $17.62. 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 market cap of $121.34 million, a PE ratio of 12.20 and a beta of 0.53.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. Eagle Bancorp Montana had a return on equity of 5.68% and a net margin of 8.02%. Analysts anticipate that Eagle Bancorp Montana, Inc. will post 1.61 earnings per share for the current fiscal year.

Eagle Bancorp Montana Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be given a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Friday, February 14th. This is a boost from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. Eagle Bancorp Montana’s dividend payout ratio is 45.97%.

Insider Buying and Selling at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 5,000 shares of the firm’s 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 of the company’s stock, valued at $981,510.86. This trade represents a 7.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kenneth M. Walsh sold 10,000 shares of the business’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 transaction of $151,100.00. Following the completion of the sale, the director now directly owns 126,033 shares in the company, valued at approximately $1,904,358.63. This trade represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,090 shares of company stock worth $254,480. 6.70% of the stock is owned by corporate insiders.

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.