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

Equities research analysts at StockNews.com initiated coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMTGet Rating) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the bank’s stock.

Separately, DA Davidson downgraded Eagle Bancorp Montana from a “buy” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $22.00 in a report on Wednesday, June 29th.

Eagle Bancorp Montana Trading Up 0.2 %

NASDAQ:EBMT opened at $19.51 on Friday. The firm has a market cap of $130.52 million, a P/E ratio of 11.48 and a beta of 0.64. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $19.54 and its 200-day simple moving average is $21.22. Eagle Bancorp Montana has a 12-month low of $18.69 and a 12-month high of $24.74.

Eagle Bancorp Montana (NASDAQ:EBMTGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.14). The company had revenue of $19.99 million during the quarter, compared to analysts’ expectations of $26.00 million. Eagle Bancorp Montana had a net margin of 12.04% and a return on equity of 7.52%. Equities analysts anticipate that Eagle Bancorp Montana will post 2.38 EPS for the current year.

Hedge Funds Weigh In On Eagle Bancorp Montana

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hunter Perkins Capital Management LLC bought a new position in Eagle Bancorp Montana in the 4th quarter worth approximately $512,000. Advisor Group Holdings Inc. increased its holdings in shares of Eagle Bancorp Montana by 274.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,639 shares of the bank’s stock worth $129,000 after purchasing an additional 4,132 shares during the period. Naples Global Advisors LLC increased its stake in Eagle Bancorp Montana by 4.6% in the first quarter. Naples Global Advisors LLC now owns 29,650 shares of the bank’s stock valued at $662,000 after acquiring an additional 1,300 shares during the last quarter. John G Ullman & Associates Inc. increased its stake in Eagle Bancorp Montana by 46.5% in the first quarter. John G Ullman & Associates Inc. now owns 86,946 shares of the bank’s stock valued at $1,942,000 after acquiring an additional 27,582 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in Eagle Bancorp Montana by 35.6% in the first quarter. Brandes Investment Partners LP now owns 12,231 shares of the bank’s stock valued at $273,000 after buying an additional 3,210 shares in the last quarter. 46.86% of the stock is currently owned by institutional investors.

Eagle Bancorp Montana Company Profile

(Get Rating)

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.

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