Eagle Bancorp (NASDAQ:EGBN) Montana, Inc. (NASDAQ:EBMT) Director Peter Joseph Johnson has sold a total of $7560 worth of company stock over two consecutive days, according to the latest SEC filings. The transactions, all involving the company's common stock, occurred on August 19 and 20, 2024.
On the first day, Johnson sold 180 shares at a price of $14 per share. The following day, he continued to divest, selling an additional 360 shares, also at $14 each. The total sale over the two days amounted to 540 shares for a combined value of $7560.
The recent sales were part of Johnson's strategy to diversify his retirement assets, as noted in the footnotes of the filing. Following these transactions, Johnson still holds a substantial amount of Eagle Bancorp Montana stock, with 70,599 shares remaining in his possession.
Eagle Bancorp Montana, based in Helena, Montana, operates as a state commercial bank and has been serving its community through various financial services. The stock sale by a company director is of interest to investors, who often monitor insider transactions as part of their investment research.
Investors and stakeholders in Eagle Bancorp Montana can find more details about these transactions in the company's SEC filings.
InvestingPro Insights
Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) has been navigating a challenging financial landscape, as evidenced by recent data and analysis from InvestingPro. The company's market capitalization stands at a modest $109.72 million, reflecting the scale of its operations within the banking sector. Despite a competitive P/E ratio of 12.86, which may appeal to value investors, the company's revenue has experienced a decline of 7.6% over the last twelve months as of Q2 2024, indicating potential headwinds in its business operations.
Investors considering Eagle Bancorp Montana should note that the company has a proven track record of maintaining its dividend payments, with a noteworthy dividend yield of 4.08% as of the latest data. This commitment to shareholder returns is further underscored by the company's history of raising its dividend for 12 consecutive years, a point that should not be overlooked by those seeking income-generating investments.
However, it's not all positive news. InvestingPro Tips highlight that analysts have recently revised their earnings expectations downwards for the upcoming period and anticipate a net income drop this year. This could be a reflection of the company's weak gross profit margins, which may be a cause for concern among potential investors.
For those interested in a deeper analysis, InvestingPro offers additional tips on Eagle Bancorp Montana, providing a comprehensive outlook on the company's financial health and future prospects. To explore these insights further, investors can visit InvestingPro's dedicated page for Eagle Bancorp Montana at https://www.investing.com/pro/EBMT.
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