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Eagle Bancorp Montana, Inc. (NASDAQ: EBMT) saw a notable decline in short interest during March. As of March 31, short interest totaled 156,796 shares, down 13.8% from 181,799 shares reported on March 15. Based on an average daily trading volume of 85,095 shares, the short-interest ratio is 1.8 days. Approximately 2.1% of the company’s shares are sold short.
The reduction in short interest suggests fewer shares were held short at month-end compared with mid-March, with the short-interest count falling from 181,799 shares to 156,796 shares.
Several research analysts have issued updates on EBMT:
One analyst rates the stock as Buy, while two rate it as Hold. MarketBeat.com reports an average rating of “Hold” and an average target price of $23.00.
EBMT opened at $22.21 on Friday. The stock’s market capitalization is $176.90 million. The company has a price-to-earnings (P/E) ratio of 11.81 and a beta of 0.30. Liquidity metrics reported include a debt-to-equity ratio of 0.43, a quick ratio of 0.86, and a current ratio of 0.87. The stock’s 52-week range is $15.10 to $23.75. The 50-day simple moving average is $21.58, and the 200-day simple moving average is $19.54.
Eagle Bancorp Montana last reported quarterly earnings on Tuesday, January 27. The bank reported earnings of $0.60 per share for the quarter, exceeding the consensus estimate of $0.47 by $0.13. Revenue was $24.29 million, compared with analyst estimates of $18.89 million. The company reported a net margin of 11.67% and a return on equity of 8.06%. Analysts project $1.61 EPS for the current fiscal year.
Eagle Bancorp Montana disclosed a quarterly dividend paid on Friday, March 6. Shareholders of record on Friday, February 13 received a dividend of $0.145 per share. The ex-dividend date was Friday, February 13. The dividend translates to an annualized $0.58 and a yield of 2.6%. The company’s payout ratio is 30.85%.
Insider activity reported during the period includes:
Insiders sold 19,647 shares of company stock valued at $446,110 over the last quarter. Insiders own 5.80% of the company’s stock.
Institutional investors have adjusted their positions in EBMT, including:
Institutional investors own 35.66% of the company’s stock.
Eagle Bancorp Montana, Inc. is a bank holding company headquartered in Helena, Montana. It operates through its wholly owned subsidiary, Eagle Bank & Trust, providing community banking services to individuals, small businesses, and governmental entities. The company’s offerings include deposit accounts, commercial and consumer lending, mortgage financing, and treasury management. Through Eagle Bank & Trust, it provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access, and cash management solutions for local customers.
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