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

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Eagle Bancorp Montana, Inc. (NASDAQ:EBMT – Get Rating) saw significant growth in short-term interest in May. As of May 31, there was short interest totaling 3,600 shares, an 80.0% growth from the May 15 total of 2,000 shares. Based on an average daily volume of 7,200 shares, the day-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Separately, StockNews.com took over coverage of Eagle Bancorp Montana stocks in a Monday, June 6 research report. They have placed a “holding” rating on the stock.

The NASDAQ EBMT opened at $19.12 on Monday. The company has a market capitalization of $128.01 million, a price-earnings ratio of 11.25 and a beta of 0.68. The company has a debt ratio of 0.41, a current ratio of 0.83 and a quick ratio of 0.81. Eagle Bancorp Montana has a 12-month low of $18.69 and a 12-month high of $24.74. The company’s fifty-day moving average price is $20.45 and its two-hundred-day moving average price is $21.85.

Eagle Bancorp Montana (NASDAQ:EBMT – Get Rating) last reported results on Tuesday, April 26. The bank reported earnings per share (EPS) of $0.35 for the quarter, missing analyst consensus estimates of $0.49 per ($0.14). The company posted revenue of $19.99 million in the quarter, versus analyst estimates of $26.00 million. Eagle Bancorp Montana had a net margin of 12.04% and a return on equity of 7.52%. As a group, analysts expect Eagle Bancorp Montana to post EPS of 2.51 for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 3. Shareholders of record on Friday, May 13 received a dividend of $0.125. The ex-dividend date was Thursday, May 12. This represents an annualized dividend of $0.50 and a dividend yield of 2.62%. Eagle Bancorp Montana’s payout ratio is 29.41%.

Several hedge funds and other institutional investors have recently changed their holdings in the company. Royal Bank of Canada increased its holdings of Eagle Bancorp Montana shares by 197.1% in the second quarter. Royal Bank of Canada now owns 2,148 shares of the bank valued at $49,000 after purchasing an additional 1,425 shares during the period. Advisor Group Holdings Inc. increased its holdings of Eagle Bancorp Montana shares by 274.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,639 shares of the bank valued at $129,000 after buying 4,132 additional shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Eagle Bancorp Montana by 35.6% during the 4th quarter. Wells Fargo & Company MN now owns 5,996 shares of the bank worth $138,000 after purchasing an additional 1,575 shares during the period. Barclays PLC increased its stake in shares of Eagle Bancorp Montana by 24.1% in the third quarter. Barclays PLC now owns 10,298 shares in the bank worth $229,000 after buying another 2,000 shares in the last quarter. Finally, Brandes Investment Partners LP increased its position in Eagle Bancorp Montana by 35.6% during the 1st quarter. Brandes Investment Partners LP now owns 12,231 shares of the bank valued at $273,000 after purchasing an additional 3,210 shares during the period. Institutional investors and hedge funds hold 46.86% of the company’s shares.

About Eagle Bancorp Montana (Get a rating)

Eagle Bancorp Montana, Inc operates as a bank holding company for Opportunity Bank of Montana, which provides various retail banking products and services to small businesses and individuals in Montana. It accepts various deposit products, such as individual checking, savings, money market and retirement accounts, as well as certificates of deposit accounts.

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