Eagle Bancorp Montana (NASDAQ:EBMT) Earns Market Perform Rating from Analysts at Hovde Group

Hovde Group started coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research note issued to investors on Monday morning, StockNewsAPI reports. The firm issued a market perform rating and a $14.00 target price on the bank’s stock.

Separately, StockNews.com assumed coverage on Eagle Bancorp Montana in a report on Thursday, December 28th. They issued a hold rating for the company.

Eagle Bancorp Montana Stock Up 0.5 %

Eagle Bancorp Montana stock opened at $12.55 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.39. Eagle Bancorp Montana has a 1-year low of $11.26 and a 1-year high of $17.65. The firm’s fifty day simple moving average is $12.85 and its 200-day simple moving average is $13.15. The company has a market capitalization of $100.65 million, a P/E ratio of 9.65 and a beta of 0.53.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.05). The company had revenue of $30.35 million for the quarter, compared to the consensus estimate of $22.10 million. Eagle Bancorp Montana had a net margin of 8.80% and a return on equity of 6.17%. Sell-side analysts forecast that Eagle Bancorp Montana will post 1.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in Eagle Bancorp Montana during the third quarter valued at about $565,000. Brandes Investment Partners LP boosted its stake in Eagle Bancorp Montana by 23.5% during the 3rd quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank’s stock valued at $1,164,000 after purchasing an additional 18,741 shares during the period. John G Ullman & Associates Inc. grew its holdings in Eagle Bancorp Montana by 23.5% in the 4th quarter. John G Ullman & Associates Inc. now owns 25,392 shares of the bank’s stock valued at $401,000 after buying an additional 4,836 shares during the last quarter. Finally, TNF LLC grew its holdings in Eagle Bancorp Montana by 4.2% in the 4th quarter. TNF LLC now owns 37,868 shares of the bank’s stock valued at $564,000 after buying an additional 1,539 shares during the last quarter. Institutional investors own 35.66% of the company’s stock.

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.