Ritholtz Wealth Management Acquires 32,286 Shares of Eagle Bancorp Montana, Inc. $EBMT

Ritholtz Wealth Management increased its holdings in shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) by 90.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,055 shares of the bank’s stock after purchasing an additional 32,286 shares during the quarter. Ritholtz Wealth Management owned 0.85% of Eagle Bancorp Montana worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EBMT. Jones Financial Companies Lllp increased its position in Eagle Bancorp Montana by 355.3% during the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock valued at $38,000 after acquiring an additional 1,766 shares during the last quarter. Bank of America Corp DE increased its position in Eagle Bancorp Montana by 18.6% during the fourth quarter. Bank of America Corp DE now owns 5,123 shares of the bank’s stock valued at $79,000 after acquiring an additional 803 shares during the last quarter. Farther Finance Advisors LLC increased its position in Eagle Bancorp Montana by 56.0% during the second quarter. Farther Finance Advisors LLC now owns 6,241 shares of the bank’s stock valued at $104,000 after acquiring an additional 2,241 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Eagle Bancorp Montana by 14.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,952 shares of the bank’s stock valued at $385,000 after acquiring an additional 2,850 shares during the last quarter. Finally, Empowered Funds LLC increased its position in Eagle Bancorp Montana by 7.3% during the first quarter. Empowered Funds LLC now owns 25,114 shares of the bank’s stock valued at $421,000 after acquiring an additional 1,706 shares during the last quarter. 35.66% of the stock is owned by institutional investors.

Eagle Bancorp Montana Stock Performance

Shares of EBMT opened at $16.78 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.99. The business has a 50-day simple moving average of $17.16 and a two-hundred day simple moving average of $16.89. The stock has a market cap of $133.43 million, a price-to-earnings ratio of 10.49 and a beta of 0.34. Eagle Bancorp Montana, Inc. has a 52 week low of $14.35 and a 52 week high of $18.49.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, July 29th. The bank reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $23.51 million during the quarter, compared to analysts’ expectations of $17.34 million. Eagle Bancorp Montana had a return on equity of 7.10% and a net margin of 10.09%. On average, analysts expect that Eagle Bancorp Montana, Inc. will post 1.61 EPS for the current year.

Eagle Bancorp Montana Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $0.145 per share. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 36.25%.

Insider Activity

In related news, Director Corey Jensen sold 2,500 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $16.85, for a total transaction of $42,125.00. Following the completion of the sale, the director owned 6,588 shares in the company, valued at approximately $111,007.80. This trade represents a 27.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth M. Walsh sold 10,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $15.84, for a total value of $158,400.00. Following the sale, the director owned 106,033 shares of the company’s stock, valued at $1,679,562.72. This represents a 8.62% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on EBMT shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eagle Bancorp Montana in a research report on Wednesday, October 8th. Wall Street Zen cut Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Eagle Bancorp Montana presently has a consensus rating of “Hold”.

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.