StockNews.com Initiates Coverage on Eagle Bancorp Montana (NASDAQ:EBMT)

Investment analysts at StockNews.com began coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMTGet Rating) in a research note issued on Monday. The brokerage set a “hold” rating on the bank’s stock.

Several other research firms have also recently weighed in on EBMT. Janney Montgomery Scott cut Eagle Bancorp Montana from a “buy” rating to a “neutral” rating in a research report on Thursday, October 27th. DA Davidson cut their price objective on Eagle Bancorp Montana to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th.

Eagle Bancorp Montana Stock Performance

EBMT opened at $18.90 on Monday. The company has a market cap of $150.82 million, a PE ratio of 15.49 and a beta of 0.52. The stock has a 50-day moving average of $18.93 and a 200-day moving average of $19.30. Eagle Bancorp Montana has a 52-week low of $18.00 and a 52-week high of $24.74. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.79 and a current ratio of 0.80.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several large investors have recently added to or reduced their stakes in EBMT. UBS Group AG raised its holdings in shares of Eagle Bancorp Montana by 269.5% in the 3rd quarter. UBS Group AG now owns 1,371 shares of the bank’s stock worth $26,000 after buying an additional 1,000 shares in the last quarter. Brandes Investment Partners LP grew its position in Eagle Bancorp Montana by 35.6% during the 1st quarter. Brandes Investment Partners LP now owns 12,231 shares of the bank’s stock worth $273,000 after acquiring an additional 3,210 shares during the last quarter. Stockman Wealth Management Inc. grew its position in Eagle Bancorp Montana by 24.1% during the 2nd quarter. Stockman Wealth Management Inc. now owns 15,514 shares of the bank’s stock worth $309,000 after acquiring an additional 3,011 shares during the last quarter. State Street Corp grew its position in Eagle Bancorp Montana by 8.3% during the 1st quarter. State Street Corp now owns 14,471 shares of the bank’s stock worth $323,000 after acquiring an additional 1,107 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Eagle Bancorp Montana by 7.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,926 shares of the bank’s stock worth $333,000 after acquiring an additional 970 shares during the last quarter. Institutional investors and hedge funds own 32.52% of the company’s stock.

About Eagle Bancorp Montana

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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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