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

Hovde Group started coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research report report published on Monday, MarketBeat Ratings reports. The brokerage issued a market perform rating and a $14.00 price target on the bank’s stock.

Separately, StockNews.com began coverage on shares of Eagle Bancorp Montana in a research note on Thursday, December 28th. They issued a hold rating for the company.

Eagle Bancorp Montana Stock Performance

NASDAQ EBMT opened at $12.86 on Monday. The firm has a 50 day simple moving average of $12.84 and a 200-day simple moving average of $13.15. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.90 and a current ratio of 0.91. Eagle Bancorp Montana has a one year low of $11.26 and a one year high of $17.65. The firm has a market cap of $103.14 million, a price-to-earnings ratio of 11.48 and a beta of 0.53.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.05). Eagle Bancorp Montana had a net margin of 7.39% and a return on equity of 5.34%. The business had revenue of $30.35 million during the quarter, compared to analysts’ expectations of $22.10 million. Equities research analysts anticipate that Eagle Bancorp Montana will post 1.8 EPS for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.56 annualized dividend and a yield of 4.35%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 50.00%.

Institutional Trading of Eagle Bancorp Montana

Hedge funds have recently added to or reduced their stakes in the company. John G Ullman & Associates Inc. raised its holdings in Eagle Bancorp Montana by 5.7% in the third quarter. John G Ullman & Associates Inc. now owns 20,556 shares of the bank’s stock valued at $243,000 after acquiring an additional 1,109 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Eagle Bancorp Montana during the third quarter worth approximately $565,000. TNF LLC raised its holdings 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 purchasing an additional 1,539 shares in the last quarter. Finally, Brandes Investment Partners LP raised its holdings in 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 purchasing an additional 18,741 shares in the last quarter. Institutional investors and hedge funds own 35.66% 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.