Eagle Bancorp Montana (NASDAQ:EBMT) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a note issued to investors on Friday. The firm set a “hold” rating on the bank’s stock.

Separately, Hovde Group assumed coverage on shares of Eagle Bancorp Montana in a research note on Friday, July 5th. They set a “market perform” rating and a $13.50 price target on the stock.

Eagle Bancorp Montana Trading Up 0.5 %

Shares of EBMT opened at $14.90 on Friday. The firm’s 50-day moving average is $13.78 and its two-hundred day moving average is $13.23. The firm has a market capitalization of $119.45 million, a P/E ratio of 13.30 and a beta of 0.54. Eagle Bancorp Montana has a twelve month low of $11.26 and a twelve month high of $17.65. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.40.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). Eagle Bancorp Montana had a net margin of 7.06% and a return on equity of 5.11%. The business had revenue of $30.09 million during the quarter, compared to analyst estimates of $20.50 million. On average, research analysts predict that Eagle Bancorp Montana will post 1.06 earnings per share for the current fiscal year.

Insider Activity at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 7,374 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $14.28, for a total value of $105,300.72. Following the sale, the director now owns 61,139 shares in the company, valued at $873,064.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 9,079 shares of company stock valued at $129,171 in the last quarter. Insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Eagle Bancorp Montana

Hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP increased its stake in Eagle Bancorp Montana by 14.3% in the 2nd quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock valued at $2,254,000 after buying an additional 21,441 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Eagle Bancorp Montana by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock worth $1,236,000 after acquiring an additional 2,937 shares during the period. Vanguard Group Inc. increased its position in shares of Eagle Bancorp Montana by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock worth $4,638,000 after purchasing an additional 1,075 shares in the last quarter. Empowered Funds LLC increased its position in Eagle Bancorp Montana by 7.6% in the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock valued at $256,000 after acquiring an additional 1,400 shares in the last quarter. Finally, John G Ullman & Associates Inc. grew its position in shares of Eagle Bancorp Montana by 105.1% during the 1st quarter. John G Ullman & Associates Inc. now owns 52,082 shares of the bank’s stock worth $669,000 after buying an additional 26,690 shares during the period. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Company Profile

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