During August, the number of short positions in Eagle Bancorp Montana, Inc. (NASDAQ: EBMT) went down significantly. Compared to the 12,500 shares that were borrowed as of July 31, the number of shares that were borrowed as of August 15 was 11,300, representing a decline of 9.6%. Considering the typical daily volume of trading, 7,100 shares, the days-to-cover ratio currently stands at 1.6 days. This is the number that she arrived at.
On Thursday, August 4, director Kenneth M. Walsh of Eagle Bancorp Montana sold 10,000 shares of the company’s stock. This is related to other news that was just reported. The shares were sold for a total price corresponding to $193,300.00, based on the average price of $19.33 per share. This was based on the price per share being $19.33. There are now 186,083 shares of the firm’s stock owned by a company director. The total value of these shares is around $3,596,984.39. Following the link provided in the previous line, you will be able to examine the filing made with the Securities and Exchange Commission that made the transaction public knowledge. About 7.40 percent of the company’s stock is owned by people who work for the company.
Recently, several institutional investors have modified their investment strategies about EBMT to take advantage of new opportunities. In the final quarter of 2018, Advisor Group Holdings Inc. boosted its total ownership of Eagle Bancorp Montana stock to a level that was 274.2% higher than before. Advisor Group Holdings Inc. now has 5,639 shares of the bank’s stock, which are currently valued at $129,000 after the company purchased an additional 4,132 shares during the quarter. The first three months of this year saw a 79% increase in the proportion of Eagle Bancorp Montana stock that Hunter Perkins Capital Management LLC owned. Following the acquisition of an additional 17,625 shares during the relevant period, Hunter Perkins Capital Management LLC currently owns 39,925 shares of the bank’s stock, the value of which is $892,000.
Naples Global Advisors LLC increased the percentage of Eagle Bancorp Montana shares that it owned by 4.6% over the year’s first three months. Naples Global Advisors LLC has acquired 29,650 shares of the bank’s stock, which are currently worth $662,000. This is the result of the company’s purchasing an additional 1,300 shares during the relevant period, which has caused this situation to arise. John G. Ullman & Associates Inc. increased the amount of Eagle Bancorp Montana stock owned by 46.5% over the year’s first three months. John G. Ullman & Associates Inc. now has 86,946 shares of the bank’s stock following the purchase of an additional 27,582 shares during the quarter. Due to the company’s holdings, the stock of the company is worth a total of $1,942,000 right now.
During the first three months of 2018, Brandes Investment Partners LP made a 35.6% increase in the amount of Eagle Bancorp Montana stock it owned, making this the last point to mention. After making purchases totaling 3,210 additional shares over time, Brandes Investment Partners LP is now the owner of 12,231 shares of the bank’s stock. These shares have a combined value of $273,000, thanks to the fact that they were acquired recently. The combined holdings of the company’s stock by institutional investors and hedge funds amount to 32.52% of the total shares outstanding. Several analysts who specialize in equity research have written articles on the company’s stock. DA Davidson lowered their goal objective on shares of Eagle Bancorp Montana to $21.00 and gave the company an “outperform” rating in a research report published on Wednesday, July 27. In a research note published on August 25, Bloomberg began providing coverage on Eagle Bancorp Montana shares. They advised investors to “hold” onto the stock rather than sell it.
On Wednesday morning, the price of a share of EBMT was $19.30 per share when the market opened. Eagle Bancorp Montana hit a low point over the past 52 weeks of $18.69 per share, while the company reached a high point over the past 52 weeks of $24.74 per share. There is now a debt-to-equity ratio of 0.39, a quick ratio of 0.77, and a current ratio of 0.78. All of these ratios are at their respective historical lows. The company’s current market value is $155.17 million, the price-to-earnings ratio for the stock is 12.45, and the beta value for the stock is 0.60. The most recent quarterly profits for the corporation were disclosed on July 26 by Eagle Bancorp Montana, which trades under the symbol NASDAQ: EBMT.
The financial institution reported $0.42 per share earnings for the quarter, which was $0.20 less than the consensus estimate of $0.62 per share. 10.95 percent was the net margin that Eagle Bancorp Montana produced, while 7.70 percent was the return on equity that the company generated. The projections of market experts suggest that during the current fiscal year, Eagle Bancorp Montana will generate a profit of $1.84 per share of the company’s common stock. Eagle Bancorp Montana has increased the amount of the dividend that it distributes to shareholders.
In addition, the firm said it would begin paying a quarterly dividend on September 2 of this year, as previously mentioned. The dividend payment will be equal to $0.138 per share and will be distributed to shareholders who kept their shares in their accounts as of August 12. It equates to an annual dividend payment of $0.55 and a dividend yield of 2.86% for the stock each year. The day that the dividend will be withheld from shareholder accounts is this coming Thursday, August 11. This distribution is higher than Eagle Bancorp Montana’s most recent quarterly dividend payment, which was $0.13 per share. At this time, Eagle Bancorp Montana has a payout ratio of 35.48%.
The information concerning the company Eagle Bancorp Montana Opportunity Bank of Montana is found in the repository that is Eagle Bancorp Montana, Inc. Individuals and locally-owned businesses living within the borders of Montana can take advantage of Opportunity Bank of Montana’s many retail banking products and services. It offers a variety of deposit options to customers, such as individual retirement accounts, individual certificates of deposit, individual checking accounts, individual savings accounts, and money market accounts.
