Eagle Bancorp Montana (NASDAQ:EBMT) Cut to Hold at Zacks Research

Zacks Research lowered shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings restated a “buy (b-)” rating on shares of Eagle Bancorp Montana in a report on Monday, December 29th. DA Davidson increased their price target on shares of Eagle Bancorp Montana from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Eagle Bancorp Montana currently has a consensus rating of “Hold” and a consensus price target of $23.00.

Eagle Bancorp Montana Stock Up 1.4%

Shares of NASDAQ EBMT opened at $20.86 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $21.65 and its two-hundred day moving average is $19.18. Eagle Bancorp Montana has a 52-week low of $15.10 and a 52-week high of $23.75. The firm has a market cap of $166.25 million, a price-to-earnings ratio of 11.10 and a beta of 0.30.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $0.60 EPS for the quarter, topping the consensus estimate of $0.47 by $0.13. The business had revenue of $24.29 million during the quarter, compared to analyst estimates of $18.89 million. Eagle Bancorp Montana had a return on equity of 8.06% and a net margin of 11.67%. Research analysts predict that Eagle Bancorp Montana will post 1.61 EPS for the current year.

Eagle Bancorp Montana Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 13th were paid a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, February 13th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 30.85%.

Insider Buying and Selling

In related news, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $22.47, for a total value of $224,700.00. Following the sale, the director owned 92,260 shares of the company’s stock, valued at $2,073,082.20. This trade represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Joseph Johnson sold 3,355 shares of Eagle Bancorp Montana stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $23.11, for a total transaction of $77,534.05. Following the completion of the transaction, the director owned 45,518 shares of the company’s stock, valued at $1,051,920.98. This represents a 6.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 19,647 shares of company stock worth $446,110. Company insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in Eagle Bancorp Montana during the 3rd quarter worth about $25,000. Raymond James Financial Inc. purchased a new position in shares of Eagle Bancorp Montana in the 2nd quarter valued at about $28,000. BNP Paribas Financial Markets raised its position in shares of Eagle Bancorp Montana by 60.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $30,000 after acquiring an additional 664 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Eagle Bancorp Montana by 355.3% during the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock worth $38,000 after purchasing an additional 1,766 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Eagle Bancorp Montana during the second quarter worth approximately $46,000. Hedge funds and other institutional investors own 35.66% of the company’s stock.

About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.