Shares of Eagle Bancorp Montana Inc (NASDAQ:EBMT) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price target of $21.50 for the company and are predicting that the company will post $0.51 EPS for the current quarter, according to Zacks. Zacks has also given Eagle Bancorp Montana an industry rank of 84 out of 255 based on the ratings given to related companies.
A number of research firms recently weighed in on EBMT. ValuEngine lowered shares of Eagle Bancorp Montana from a “sell” rating to a “strong sell” rating in a report on Thursday, October 24th. Zacks Investment Research raised shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, October 24th.
A number of hedge funds and other institutional investors have recently bought and sold shares of EBMT. Wells Fargo & Company MN boosted its stake in Eagle Bancorp Montana by 261.4% during the second quarter. Wells Fargo & Company MN now owns 3,303 shares of the bank’s stock worth $55,000 after buying an additional 2,389 shares during the period. Stockman Wealth Management Inc. lifted its position in shares of Eagle Bancorp Montana by 4.1% during the second quarter. Stockman Wealth Management Inc. now owns 26,763 shares of the bank’s stock worth $444,000 after purchasing an additional 1,050 shares during the last quarter. Context BH Capital Management LP lifted its position in shares of Eagle Bancorp Montana by 1.0% during the second quarter. Context BH Capital Management LP now owns 63,400 shares of the bank’s stock worth $1,052,000 after purchasing an additional 611 shares during the last quarter. Jacobs Asset Management LLC lifted its position in shares of Eagle Bancorp Montana by 7.2% during the second quarter. Jacobs Asset Management LLC now owns 236,424 shares of the bank’s stock worth $3,925,000 after purchasing an additional 15,778 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Eagle Bancorp Montana by 7.1% during the second quarter. Renaissance Technologies LLC now owns 48,560 shares of the bank’s stock worth $806,000 after purchasing an additional 3,237 shares during the last quarter. 35.67% of the stock is owned by institutional investors.
Shares of EBMT stock traded up $0.53 on Thursday, reaching $22.10. The company’s stock had a trading volume of 18,500 shares, compared to its average volume of 8,328. The stock’s fifty day simple moving average is $19.97 and its 200-day simple moving average is $17.54. Eagle Bancorp Montana has a 1 year low of $15.53 and a 1 year high of $22.25. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $136.94 million, a price-to-earnings ratio of 20.65 and a beta of 0.55.
Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Tuesday, October 22nd. The bank reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. Eagle Bancorp Montana had a net margin of 15.29% and a return on equity of 10.82%. The firm had revenue of $18.12 million during the quarter, compared to analyst estimates of $15.10 million. Equities research analysts forecast that Eagle Bancorp Montana will post 1.83 earnings per share for the current year.
The company also recently disclosed a dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, November 14th. Eagle Bancorp Montana’s payout ratio is 35.51%.
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 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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