Eagle Bancorp Montana (NASDAQ:EBMT) Now Covered by StockNews.com

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

Separately, DA Davidson reduced their price objective on Eagle Bancorp Montana to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th.

Eagle Bancorp Montana Trading Up 0.2 %

NASDAQ EBMT opened at $19.38 on Friday. The stock’s 50-day simple moving average is $19.40 and its two-hundred day simple moving average is $20.35. Eagle Bancorp Montana has a twelve month low of $18.69 and a twelve month high of $24.74. The company has a market capitalization of $155.74 million, a price-to-earnings ratio of 12.50 and a beta of 0.58. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.39.

Eagle Bancorp Montana (NASDAQ:EBMTGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The bank reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.20). Eagle Bancorp Montana had a net margin of 10.95% and a return on equity of 7.70%. The company had revenue of $23.31 million for the quarter, compared to the consensus estimate of $25.30 million. Research analysts forecast that Eagle Bancorp Montana will post 1.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kenneth M. Walsh sold 10,000 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $19.33, for a total transaction of $193,300.00. Following the completion of the sale, the director now owns 186,083 shares of the company’s stock, valued at approximately $3,596,984.39. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.40% of the stock is currently owned by insiders.

Institutional Trading of Eagle Bancorp Montana

Several hedge funds have recently made changes to their positions in the business. Advisor Group Holdings Inc. grew its stake in Eagle Bancorp Montana by 274.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,639 shares of the bank’s stock worth $129,000 after acquiring an additional 4,132 shares in the last quarter. Hunter Perkins Capital Management LLC increased its holdings in Eagle Bancorp Montana by 79.0% in the first quarter. Hunter Perkins Capital Management LLC now owns 39,925 shares of the bank’s stock valued at $892,000 after buying an additional 17,625 shares in the last quarter. Naples Global Advisors LLC increased its holdings 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 buying an additional 1,300 shares in the last quarter. John G Ullman & Associates Inc. increased its holdings 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 buying an additional 27,582 shares in the last quarter. Finally, Brandes Investment Partners LP increased its holdings 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. 32.52% of the stock is currently owned by hedge funds and other 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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