Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Sees Significant Increase in Short-Term Interest

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) saw a sharp rise in short-term interest in December. As of December 31, there was short interest totaling 9,800 shares, an increase of 92.2% from the total of 5,100 shares as of December 15. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 8,300 shares, the day-to-cover ratio is currently 1.2 days.

In other Eagle Bancorp Montana News, Director Kenneth M. Walsh sold 10,000 shares of the company in a transaction dated Tuesday, November 2. The stock was sold at an average price of $22.47, for a total transaction of $224,700.00. The sale was disclosed in an SEC filing, available at the SEC website. 7.70% of the shares are held by company insiders.

Hedge funds and other institutional investors have recently changed their positions in the stock. HoldCo Asset Management LP acquired a new equity stake in Eagle Bancorp Montana in Q2 valued at approximately $3,112,000. Millennium Management LLC acquired a new stake in shares of Eagle Bancorp Montana in Q2, valued at approximately $927,000. Dimensional Fund Advisors LP increased its position in shares of Eagle Bancorp Montana by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 85,155 shares of the bank valued at $1,958,000 after purchasing an additional 4,263 shares during the period. John G Ullman & Associates Inc. acquired a new stake in shares of Eagle Bancorp Montana in Q3 valued at approximately $1,227,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Eagle Bancorp Montana by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 342,754 shares of the bank valued at $7,883,000 after purchasing an additional 19,205 shares during the period. 40.89% of the shares are held by hedge funds and other institutional investors.

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EBMT opened at $23.58 on Friday. Eagle Bancorp Montana has a one-year low of $20.00 and a one-year high of $26.13. The company has a market capitalization of $160.11 million, a P/E ratio of 8.86 and a beta of 0.66. The company has a debt ratio of 0.22, a quick ratio of 0.80 and a current ratio of 0.84. The company’s 50-day simple moving average is $22.73 and its 200-day simple moving average is $22.45.

Eagle Bancorp Montana Inc (NASDAQ:EBMT) last released quarterly earnings data on Monday, October 25. The bank reported EPS of $0.73 for the quarter, beating consensus analyst estimates of $0.72 by $0.01. Eagle Bancorp Montana had a return on equity of 11.56% and a net margin of 17.92%. The company posted revenue of $25.38 million for the quarter, versus a consensus estimate of $24.40 million. As a group, analysts predict Eagle Bancorp Montana will post earnings per share of 2.46 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 3. Investors of record on Friday, November 12 received a dividend of $0.125. The ex-dividend date was Wednesday, November 10. This represents a dividend of $0.50 on an annualized basis and a dividend yield of 2.12%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 18.80%.

Separately, Zacks Investment Research downgraded Eagle Bancorp Montana from a “held” rating to a “sell” rating in a Wednesday, Jan. 5, report.

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 and home equity mortgages. The company was founded on October 28, 1997 and is based in Helena, MT.

Further Reading: Asset Allocation, Balancing Your Investments

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