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

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 Wednesday.

Eagle Bancorp Montana Stock Up 1.7 %

Shares of NASDAQ:EBMT opened at $15.25 on Wednesday. The firm has a market cap of $122.31 million, a P/E ratio of 14.12 and a beta of 0.53. Eagle Bancorp Montana has a 52-week low of $12.32 and a 52-week high of $17.62. The business’s 50 day simple moving average is $15.85 and its two-hundred day simple moving average is $15.53. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.94.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.15. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 4.96%. As a group, research analysts forecast that Eagle Bancorp Montana will post 1.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Peter Joseph Johnson sold 5,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $16.97, for a total value of $84,850.00. Following the completion of the sale, the director now owns 57,838 shares in the company, valued at $981,510.86. This represents a 7.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fourthstone LLC increased its stake in Eagle Bancorp Montana by 1.1% in the 3rd quarter. Fourthstone LLC now owns 520,663 shares of the bank’s stock valued at $8,221,000 after buying an additional 5,898 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $1,236,000 after acquiring an additional 2,937 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Eagle Bancorp Montana by 17.5% during the third quarter. Geode Capital Management LLC now owns 77,133 shares of the bank’s stock valued at $1,218,000 after acquiring an additional 11,490 shares during the last quarter. John G Ullman & Associates Inc. lifted its holdings in Eagle Bancorp Montana by 13.4% during the third quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock worth $988,000 after acquiring an additional 7,382 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Eagle Bancorp Montana by 3.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank’s stock worth $701,000 after purchasing an additional 1,699 shares during the last quarter. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

About Eagle Bancorp Montana

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.