Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Short Interest Down 16.1% in January
Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) was the target of a sharp decline in short interest in January. As of January 31, there was short interest totaling 5,200 shares, down 16.1% from the total of 6,200 shares as of January 15. Based on an average daily trading volume of 9,700 shares, the day-to-cover ratio is currently 0.5 days. About 0.1% of the stock’s shares are sold short.
Several equity analysts have recently commented on the company. Zacks Investment Research upgraded Eagle Bancorp Montana from a “sell” rating to a “hold” rating in a Tuesday, January 25 research note. StockNews.com assumed coverage on Eagle Bancorp Montana in a research note on Monday. They issued a “hold” rating on the stock.
In other news, Director Kenneth M. Walsh sold 10,000 shares of the company in a transaction that took place on Tuesday, February 1. The stock was sold at an average price of $22.40, for a total transaction of $224,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, available via this hyperlink. Company insiders hold 7.70% of the company’s stock.
Several institutional investors and hedge funds have recently increased or reduced their stake in the company. The Manufacturers Life Insurance Company increased its stake in shares of Eagle Bancorp Montana by 1.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 378,780 shares of the bank valued at $8,704,000 after acquiring 5,281 additional shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Eagle Bancorp Montana by 9.0% in the third quarter. The Manufacturers Life Insurance Company now owns 373,499 shares of the bank valued at $8,310,000 after purchasing an additional 30,745 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Eagle Bancorp Montana by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 175,379 shares of the bank valued at $4,034,000 after purchasing an additional 5,540 shares in the last quarter. Bullseye Asset Management LLC increased its stake in shares of Eagle Bancorp Montana by 12.0% in the third quarter. Bullseye Asset Management LLC now owns 107,737 shares of the bank valued at $2,408,000 after buying an additional 11,508 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Eagle Bancorp Montana by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 90,590 shares of the bank valued at $2,026,000 after buying an additional 5,435 shares in the last quarter. Institutional investors and hedge funds hold 41.33% of the company’s shares.
EBMT opened at $22.29 on Friday. The stock’s 50-day moving average price is $22.92 and its 200-day moving average price is $22.50. Eagle Bancorp Montana has a 12 month minimum of $20.55 and a 12 month maximum of $26.13. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt ratio of 0.22. The company has a market cap of $151.35 million, a price-earnings ratio of 10.32, and a beta of 0.64.
Eagle Bancorp Montana Inc (NASDAQ:EBMT) last reported results on Tuesday, January 25. The bank reported earnings per share (EPS) of $0.26 for the quarter, missing Thomson Reuters consensus estimate of $0.58 per ($0.32). Eagle Bancorp Montana had a return on equity of 9.30% and a net margin of 14.79%. On average, research analysts expect Eagle Bancorp Montana to post earnings per share of 2.53 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 4. Shareholders of record on Friday, February 11 will receive a dividend of $0.125. This represents a dividend of $0.50 on an annualized basis and a yield of 2.24%. The ex-date of this dividend is Thursday, February 10. Eagle Bancorp Montana’s dividend payout ratio is currently 23.15%.
About Eagle Bancorp Montana
Eagle Bancorp Montana, Inc is a bank holding company that provides loan and depository services. It focuses on residential mortgages, commercial real estate mortgages, commercial business loans, agricultural loans, and second mortgage and home equity products. The company was founded on October 28, 1997 and is based in Helena, MT.
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