Eagle Bancorp Montana (NASDAQ:EBMT) Coverage Initiated by Analysts at Hovde Group

Equities research analysts at Hovde Group began coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a report released on Monday, Marketbeat.com reports. The brokerage set a “market perform” rating and a $14.00 price target on the bank’s stock. Hovde Group’s price objective would indicate a potential upside of 10.28% from the stock’s previous close.

Separately, StockNews.com initiated coverage on shares of Eagle Bancorp Montana in a research report on Thursday, December 28th. They set a “hold” rating for the company.

Eagle Bancorp Montana Stock Performance

Shares of EBMT stock opened at $12.70 on Monday. The company has a 50 day moving average price of $12.84 and a 200-day moving average price of $13.15. Eagle Bancorp Montana has a 52 week low of $11.26 and a 52 week high of $17.65. The firm has a market capitalization of $101.78 million, a PE ratio of 9.77 and a beta of 0.53. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.39.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). Eagle Bancorp Montana had a return on equity of 6.17% and a net margin of 8.80%. The company had revenue of $30.35 million during the quarter, compared to the consensus estimate of $22.10 million. As a group, equities research analysts expect that Eagle Bancorp Montana will post 1.8 earnings per share for the current year.

Hedge Funds Weigh In On Eagle Bancorp Montana

Hedge funds have recently modified their holdings of the company. John G Ullman & Associates Inc. boosted its position in shares of Eagle Bancorp Montana by 5.7% during the third quarter. John G Ullman & Associates Inc. now owns 20,556 shares of the bank’s stock worth $243,000 after acquiring an additional 1,109 shares during the last quarter. TNF LLC boosted its position in shares of Eagle Bancorp Montana by 4.2% during the fourth quarter. TNF LLC now owns 37,868 shares of the bank’s stock worth $564,000 after acquiring an additional 1,539 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Eagle Bancorp Montana during the third quarter worth $565,000. Finally, Brandes Investment Partners LP boosted its position in shares of Eagle Bancorp Montana by 23.5% during the third quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank’s stock worth $1,164,000 after acquiring an additional 18,741 shares during the last quarter. 35.66% of the stock is currently owned by institutional investors.

Eagle Bancorp Montana Company Profile

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.