Eagle Bancorp Montana (NASDAQ:EBMT) Shares Break Below 50-Day Moving Average – Time to Sell?

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) shares crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $21.61 and traded as low as $21.09. Eagle Bancorp Montana shares last traded at $21.09, with a volume of 21,200 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Eagle Bancorp Montana from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Eagle Bancorp Montana has a consensus rating of “Hold” and an average price target of $23.50.

Eagle Bancorp Montana Trading Down 2.7%

The firm has a 50-day moving average price of $21.61 and a 200 day moving average price of $22.20. The company has a market cap of $168.09 million, a price-to-earnings ratio of 10.76 and a beta of 0.37. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings data on Tuesday, October 27th. The bank reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). Eagle Bancorp Montana had a return on equity of 7.96% and a net margin of 12.03%. The business had revenue of $25.08 million during the quarter, compared to analyst estimates of $24.50 million. As a group, sell-side analysts forecast that Eagle Bancorp Montana, Inc. will post 1.93 EPS for the current year.

Eagle Bancorp Montana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $0.1475 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.59 dividend on an annualized basis and a yield of 2.8%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 30.10%.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of hedge funds and other institutional investors have recently bought and sold shares of EBMT. Allied Investment Advisors LLC grew its holdings in shares of Eagle Bancorp Montana by 9.5% during the third quarter. Allied Investment Advisors LLC now owns 32,502 shares of the bank’s stock valued at $684,000 after purchasing an additional 2,833 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Eagle Bancorp Montana by 10.6% during the 2nd quarter. Squarepoint Ops LLC now owns 21,862 shares of the bank’s stock worth $523,000 after purchasing an additional 2,090 shares during the period. Empowered Funds LLC bought a new stake in shares of Eagle Bancorp Montana in the 2nd quarter worth approximately $961,000. Public Employees Retirement System of Ohio bought a new stake in shares of Eagle Bancorp Montana in the 2nd quarter worth approximately $180,000. Finally, Bank of America Corp DE bought a new stake in shares of Eagle Bancorp Montana in the 2nd quarter worth approximately $580,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc was a Montana-based bank holding company that operated through its subsidiary, Opportunity Bank of Montana. The company provided community banking services to individuals, families, small businesses and commercial customers across Montana.

Opportunity Bank offered deposit accounts, residential mortgage lending, consumer loans, commercial real estate financing, business loans and other banking products. Its services also included online and mobile banking, along with traditional branch-based banking.

Opportunity Bank traced its history to 1922 and served communities throughout Montana through a network of branches.