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Kenneth M. Walsh, a director at Eagle Bancorp (NASDAQ:EGBN) Montana, Inc. (NASDAQ:EBMT), recently sold 10,000 shares of the company’s common stock. The transaction, which took place on February 5, 2025, was executed at an average price of $15.1054 per share, amounting to a total sale value of $151,054. The sale occurred as the stock trades below its InvestingPro Fair Value, with shares offering a 3.71% dividend yield. Following this sale, Walsh holds 126,033 shares of Eagle Bancorp Montana. According to a footnote in the filing, the shares were sold to diversify retirement assets. The company has maintained dividend payments for 26 consecutive years and raised them for 13 straight years. InvestingPro subscribers can access additional insights on insider transactions and 12+ more exclusive tips about EBMT’s financial health and growth prospects.
In other recent news, Eagle Bancorp Montana, Inc. has announced the immediate resignation of director Benjamin G. Ruddy. The departure, owing to personal reasons, is effective as of January 28, 2025, as disclosed in a recent SEC filing. Ruddy was originally slated to serve on the board until the 2025 Annual Meeting of Stockholders. Eagle Bancorp expressed appreciation for Ruddy’s commitment during his tenure, the length of which remains unspecified. The company has yet to announce a successor or detail any changes to its board’s composition following Ruddy’s exit. This is seen as a part of Eagle Bancorp’s ongoing corporate governance updates. As of now, no further information has been provided by the company regarding this development.
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