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

StockNews.com started coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMTGet Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Hovde Group began coverage on Eagle Bancorp Montana in a research note on Monday, April 22nd. They set a “market perform” rating and a $14.00 price target for the company.

Check Out Our Latest Research Report on Eagle Bancorp Montana

Eagle Bancorp Montana Price Performance

NASDAQ EBMT opened at $13.02 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $104.38 million, a PE ratio of 11.63 and a beta of 0.53. Eagle Bancorp Montana has a 12-month low of $11.26 and a 12-month high of $17.65. The company has a 50 day moving average price of $12.90 and a two-hundred day moving average price of $13.47.

Eagle Bancorp Montana (NASDAQ:EBMTGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The business had revenue of $19.17 million for the quarter, compared to the consensus estimate of $22.50 million. Eagle Bancorp Montana had a net margin of 7.39% and a return on equity of 5.29%. As a group, equities analysts predict that Eagle Bancorp Montana will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 2,954 shares of Eagle Bancorp Montana stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $13.21, for a total value of $39,022.34. Following the transaction, the director now directly owns 71,139 shares of the company’s stock, valued at approximately $939,746.19. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 2,954 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $13.21, for a total value of $39,022.34. Following the completion of the sale, the director now directly owns 71,139 shares of the company’s stock, valued at approximately $939,746.19. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $12.98, for a total transaction of $129,800.00. Following the completion of the sale, the director now owns 156,039 shares in the company, valued at $2,025,386.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,405 shares of company stock valued at $187,859. Insiders own 6.70% of the company’s stock.

Institutional Trading of Eagle Bancorp Montana

A number of hedge funds have recently modified their holdings of the company. Empowered Funds LLC increased its position in shares of Eagle Bancorp Montana by 7.6% during the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock valued at $256,000 after purchasing an additional 1,400 shares during the period. John G Ullman & Associates Inc. boosted its stake in Eagle Bancorp Montana by 23.5% during the fourth quarter. John G Ullman & Associates Inc. now owns 25,392 shares of the bank’s stock worth $401,000 after buying an additional 4,836 shares in the last quarter. TNF LLC boosted its stake in 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 buying an additional 1,539 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Eagle Bancorp Montana in the 3rd quarter valued at $565,000. Finally, Brandes Investment Partners LP raised its stake in shares of Eagle Bancorp Montana by 23.5% in the 3rd quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank’s stock valued at $1,164,000 after buying an additional 18,741 shares in the last quarter. Institutional investors own 35.66% of the company’s stock.

About Eagle Bancorp Montana

(Get Free Report)

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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