Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Short Interest Update

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 10,400 shares, a growth of 9.5% from the March 31st total of 9,500 shares. Based on an average daily trading volume, of 9,400 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Separately, Hovde Group began coverage on Eagle Bancorp Montana in a research report on Monday, April 22nd. They issued a “market perform” rating and a $14.00 target price for the company.

Hedge Funds Weigh In On Eagle Bancorp Montana

Hedge funds have recently added to or reduced their stakes in the stock. John G Ullman & Associates Inc. boosted its stake in Eagle Bancorp Montana by 5.7% during the 3rd quarter. John G Ullman & Associates Inc. now owns 20,556 shares of the bank’s stock valued at $243,000 after purchasing an additional 1,109 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Eagle Bancorp Montana in the 3rd quarter worth approximately $565,000. TNF LLC boosted its stake in shares of Eagle Bancorp Montana by 4.2% in the 4th quarter. TNF LLC now owns 37,868 shares of the bank’s stock worth $564,000 after buying an additional 1,539 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its stake in shares of Eagle Bancorp Montana by 23.5% in the 3rd quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank’s stock worth $1,164,000 after buying an additional 18,741 shares during the last quarter. Institutional investors and hedge funds own 35.66% of the company’s stock.

Eagle Bancorp Montana Stock Up 0.5 %

EBMT stock traded up $0.07 during mid-day trading on Wednesday, reaching $12.87. 915 shares of the company traded hands, compared to its average volume of 9,662. The stock has a market cap of $103.22 million, a price-to-earnings ratio of 11.43 and a beta of 0.53. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. Eagle Bancorp Montana has a fifty-two week low of $11.26 and a fifty-two week high of $17.65. The firm’s 50 day moving average price is $12.82 and its 200 day moving average price is $13.19.

Eagle Bancorp Montana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.56 dividend on an annualized basis and a yield of 4.35%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 50.00%.

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.