Zacks: Eagle Bancorp Montana Inc (NASDAQ:EBMT) Receives Consensus Recommendation of “Strong Buy” from Analysts

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Eagle Bancorp Montana Inc (NASDAQ:EBMT) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus price target of $21.00 for the company and are predicting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also given Eagle Bancorp Montana an industry rank of 170 out of 256 based on the ratings given to related companies.

Several research firms recently issued reports on EBMT. Zacks Investment Research raised shares of Eagle Bancorp Montana from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Friday, July 26th. ValuEngine downgraded shares of Eagle Bancorp Montana from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

Shares of EBMT stock traded down $0.04 during mid-day trading on Thursday, reaching $15.99. The company’s stock had a trading volume of 10 shares, compared to its average volume of 6,017. The company’s 50 day simple moving average is $16.76 and its 200-day simple moving average is $16.87. Eagle Bancorp Montana has a 12-month low of $14.20 and a 12-month high of $19.10. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $104.96 million, a PE ratio of 14.98 and a beta of 0.49.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.12. Eagle Bancorp Montana had a net margin of 13.02% and a return on equity of 8.68%. The firm had revenue of $15.20 million for the quarter, compared to the consensus estimate of $13.45 million. As a group, research analysts anticipate that Eagle Bancorp Montana will post 1.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $0.095 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.38 annualized dividend and a dividend yield of 2.38%. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.09. Eagle Bancorp Montana’s payout ratio is presently 35.51%.

In related news, Director Shavon Cape bought 3,790 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was bought at an average price of $17.30 per share, with a total value of $65,567.00. Following the transaction, the director now owns 7,145 shares of the company’s stock, valued at $123,608.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 8.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EJF Capital LLC boosted its holdings in shares of Eagle Bancorp Montana by 21.4% in the 2nd quarter. EJF Capital LLC now owns 425,222 shares of the bank’s stock valued at $7,059,000 after buying an additional 75,000 shares during the period. Jacobs Asset Management LLC boosted its stake in Eagle Bancorp Montana by 7.2% during the 2nd quarter. Jacobs Asset Management LLC now owns 236,424 shares of the bank’s stock valued at $3,925,000 after purchasing an additional 15,778 shares during the period. Context BH Capital Management LP boosted its stake in Eagle Bancorp Montana by 1.0% during the 2nd quarter. Context BH Capital Management LP now owns 63,400 shares of the bank’s stock valued at $1,052,000 after purchasing an additional 611 shares during the period. Penn Capital Management Co. Inc. boosted its stake in Eagle Bancorp Montana by 3.3% during the 1st quarter. Penn Capital Management Co. Inc. now owns 57,244 shares of the bank’s stock valued at $970,000 after purchasing an additional 1,802 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Eagle Bancorp Montana by 7.1% during the 2nd quarter. Renaissance Technologies LLC now owns 48,560 shares of the bank’s stock valued at $806,000 after purchasing an additional 3,237 shares during the period. 34.71% of the stock is 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 in Montana. The company 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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