Eagle Bancorp Montana (EBMT) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a hold rating to a sell rating in a report released on Tuesday.

According to Zacks, “Eagle Bancorp operates as a holding company for American Federal Savings Bank that provides retail banking services in the south central portion of Montana. The company offers various deposit and loan products and services. The Bank is a federally chartered savings bank, engaging in typical banking activities: acquiring deposits from local markets and investing in loans and investment securities. Eagle Bancorp also offers real estate construction loans; consumer loans comprising auto loans, RV loans, boat loans, personal loans and credit lines, and deposit account loans; and commercial loans. Headquartered in Helena, Montana, the Company’s mission is to efficiently increase value for its customers, shareholders, employees and communities. “

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Shares of NASDAQ EBMT remained flat at $$20.55 during trading hours on Tuesday. The company had a trading volume of 3,900 shares, compared to its average volume of 3,833. The stock has a market cap of $112.21, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.40 and a beta of 0.29. The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 1.29. Eagle Bancorp Montana has a 52 week low of $17.35 and a 52 week high of $21.95.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. The company had revenue of $9.81 million for the quarter, compared to analysts’ expectations of $9.85 million. Eagle Bancorp Montana had a return on equity of 8.02% and a net margin of 9.73%. sell-side analysts anticipate that Eagle Bancorp Montana will post 1.47 earnings per share for the current fiscal year.

In other Eagle Bancorp Montana news, Director Larry A. Dreyer sold 2,000 shares of Eagle Bancorp Montana stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $19.75, for a total value of $39,500.00. Following the transaction, the director now directly owns 29,135 shares of the company’s stock, valued at approximately $575,416.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter Joseph Johnson sold 2,069 shares of Eagle Bancorp Montana stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $19.75, for a total value of $40,862.75. Following the completion of the transaction, the chief executive officer now directly owns 94,460 shares in the company, valued at $1,865,585. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,538 shares of company stock worth $109,610. 6.90% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. Thomson Horstmann & Bryant Inc. purchased a new position in Eagle Bancorp Montana in the 4th quarter worth approximately $2,034,000. US Bancorp DE increased its stake in Eagle Bancorp Montana by 21.9% in the 4th quarter. US Bancorp DE now owns 17,229 shares of the bank’s stock worth $361,000 after purchasing an additional 3,098 shares during the period. Penn Capital Management Co. Inc. increased its stake in Eagle Bancorp Montana by 135.1% in the 4th quarter. Penn Capital Management Co. Inc. now owns 69,686 shares of the bank’s stock worth $1,460,000 after purchasing an additional 40,043 shares during the period. Glacier Peak Capital LLC grew its position in shares of Eagle Bancorp Montana by 0.7% in the 4th quarter. Glacier Peak Capital LLC now owns 386,600 shares of the bank’s stock worth $6,981,000 after buying an additional 2,698 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Eagle Bancorp Montana by 20.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 46,220 shares of the bank’s stock worth $850,000 after buying an additional 7,720 shares during the last quarter. 43.41% of the stock is currently owned by institutional investors and hedge funds.

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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 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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