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

StockNews.com started coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research note published on Thursday. The firm issued a hold rating on the bank’s stock.

Eagle Bancorp Montana Stock Up 0.3 %

Shares of NASDAQ EBMT opened at $12.02 on Thursday. The company has a 50 day simple moving average of $11.82 and a 200 day simple moving average of $12.57. The firm has a market cap of $96.04 million, a PE ratio of 8.07 and a beta of 0.52. Eagle Bancorp Montana has a 1 year low of $11.26 and a 1 year high of $18.99. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.92 and a quick ratio of 0.91.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $21.62 million during the quarter, compared to the consensus estimate of $21.80 million. Eagle Bancorp Montana had a net margin of 10.31% and a return on equity of 7.18%. On average, research analysts forecast that Eagle Bancorp Montana will post 1.35 EPS for the current year.

Eagle Bancorp Montana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a $0.14 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.56 dividend on an annualized basis and a yield of 4.66%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 37.58%.

Institutional Trading of Eagle Bancorp Montana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Eagle Bancorp Montana by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 51,256 shares of the bank’s stock valued at $828,000 after purchasing an additional 798 shares during the period. Goldman Sachs Group Inc. increased 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 valued at $333,000 after purchasing an additional 970 shares during the period. UBS Group AG increased its position in Eagle Bancorp Montana by 269.5% during the 3rd quarter. UBS Group AG now owns 1,371 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,000 shares during the period. State Street Corp increased 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 valued at $323,000 after purchasing an additional 1,107 shares during the period. Finally, John G Ullman & Associates Inc. increased its position in Eagle Bancorp Montana by 5.7% during the 3rd quarter. John G Ullman & Associates Inc. now owns 20,556 shares of the bank’s stock valued at $243,000 after purchasing an additional 1,109 shares during the period. Institutional investors and hedge funds own 32.38% 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.