Eagle Bancorp Montana (NASDAQ:EBMT) Stock Rating Upgraded by StockNews.com

Eagle Bancorp Montana (NASDAQ:EBMT) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Eagle Bancorp Montana Trading Down 0.5 %

Shares of Eagle Bancorp Montana stock opened at $16.95 on Tuesday. Eagle Bancorp Montana has a fifty-two week low of $11.54 and a fifty-two week high of $17.65. The business’s fifty day moving average is $16.09 and its two-hundred day moving average is $14.42. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The firm has a market cap of $135.94 million, a PE ratio of 15.69 and a beta of 0.52.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its earnings results on Tuesday, October 29th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. Eagle Bancorp Montana had a return on equity of 5.02% and a net margin of 7.03%. The firm had revenue of $31.74 million for the quarter, compared to the consensus estimate of $20.60 million. Analysts anticipate that Eagle Bancorp Montana will post 1.1 earnings per share for the current year.

Insider Buying and Selling at Eagle Bancorp Montana

In other news, Director Peter Joseph Johnson sold 7,374 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total transaction of $105,300.72. Following the completion of the sale, the director now directly owns 61,139 shares in the company, valued at $873,064.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Kenneth M. Walsh sold 6,705 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $16.44, for a total value of $110,230.20. Following the transaction, the director now owns 141,033 shares in the company, valued at approximately $2,318,582.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter Joseph Johnson sold 7,374 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total transaction of $105,300.72. Following the sale, the director now owns 61,139 shares of the company’s stock, valued at approximately $873,064.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $257,931 in the last quarter. 6.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Eagle Bancorp Montana

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Eagle Bancorp Montana by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock valued at $4,638,000 after purchasing an additional 1,075 shares in the last quarter. Brandes Investment Partners LP lifted its stake in shares of Eagle Bancorp Montana by 14.3% during the second quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock worth $2,254,000 after purchasing an additional 21,441 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Eagle Bancorp Montana by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock worth $1,236,000 after buying an additional 2,937 shares during the period. John G Ullman & Associates Inc. grew its stake in shares of Eagle Bancorp Montana by 13.4% in the third quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock valued at $988,000 after buying an additional 7,382 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Eagle Bancorp Montana by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock valued at $354,000 after buying an additional 1,072 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.