Penn Capital Management Co. Inc. grew its holdings in Eagle Bancorp Montana Inc (NASDAQ:EBMT) by 135.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 69,686 shares of the bank’s stock after acquiring an additional 40,043 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Eagle Bancorp Montana were worth $1,460,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. US Bancorp DE lifted its stake in shares of Eagle Bancorp Montana by 21.9% in the 4th quarter. US Bancorp DE now owns 17,229 shares of the bank’s stock valued at $361,000 after purchasing an additional 3,098 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Eagle Bancorp Montana by 44.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,500 shares of the bank’s stock valued at $697,000 after purchasing an additional 11,804 shares during the period. Vanguard Group Inc. lifted its stake in shares of Eagle Bancorp Montana by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 46,873 shares of the bank’s stock valued at $848,000 after purchasing an additional 1,723 shares during the period. Thomson Horstmann & Bryant Inc. acquired a new position in shares of Eagle Bancorp Montana in the 4th quarter valued at about $2,034,000. Finally, Maltese Capital Management LLC acquired a new position in shares of Eagle Bancorp Montana in the 4th quarter valued at about $3,666,000. 36.89% of the stock is currently owned by institutional investors.
In other news, Director Rick Hays purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were acquired at an average cost of $19.70 per share, with a total value of $39,400.00. Following the purchase, the director now owns 22,729 shares in the company, valued at $447,761.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter Joseph Johnson sold 2,069 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $19.75, for a total value of $40,862.75. Following the transaction, the chief executive officer now directly owns 94,460 shares in the company, valued at $1,865,585. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.
Eagle Bancorp Montana Inc (EBMT) opened at $20.07 on Wednesday. The stock has a market capitalization of $100.27, a PE ratio of 19.49, a PEG ratio of 1.36 and a beta of 0.33. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.99 and a quick ratio of 0.97. Eagle Bancorp Montana Inc has a 52 week low of $17.35 and a 52 week high of $21.95.
Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $9.81 million for the quarter, compared to the consensus estimate of $9.85 million. Eagle Bancorp Montana had a return on equity of 8.73% and a net margin of 9.73%. sell-side analysts predict that Eagle Bancorp Montana Inc will post 1.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, February 8th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 34.95%.
Separately, Zacks Investment Research downgraded Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st.
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About Eagle Bancorp Montana
Eagle Bancorp Montana, Inc is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank.
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