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

Research analysts at StockNews.com began coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a report issued on Saturday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Hovde Group started coverage on shares of Eagle Bancorp Montana in a research report on Friday, July 5th. They issued a “market perform” rating and a $13.50 price target for the company.

Eagle Bancorp Montana Price Performance

Shares of Eagle Bancorp Montana stock opened at $13.65 on Friday. The stock’s fifty day moving average is $13.08 and its 200 day moving average is $13.37. Eagle Bancorp Montana has a one year low of $11.26 and a one year high of $17.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $109.47 million, a P/E ratio of 12.19 and a beta of 0.54.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings data 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 company had revenue of $19.17 million for the quarter, compared to analysts’ expectations of $22.50 million. Eagle Bancorp Montana had a net margin of 7.39% and a return on equity of 5.29%. Sell-side analysts anticipate that Eagle Bancorp Montana will post 1.27 earnings per share for the current year.

Insider Activity at Eagle Bancorp Montana

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

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Eagle Bancorp Montana by 0.3% in the first quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock valued at $4,638,000 after acquiring an additional 1,075 shares in the last quarter. Empowered Funds LLC increased its position in Eagle Bancorp Montana by 7.6% during the 1st 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. TNF LLC raised its holdings in shares of Eagle Bancorp Montana by 4.2% in the 4th quarter. TNF LLC now owns 37,868 shares of the bank’s stock valued at $564,000 after purchasing an additional 1,539 shares in the last quarter. Finally, John G Ullman & Associates Inc. raised its holdings in shares of Eagle Bancorp Montana by 23.5% in the 4th quarter. John G Ullman & Associates Inc. now owns 25,392 shares of the bank’s stock valued at $401,000 after purchasing an additional 4,836 shares in the last quarter. Institutional investors 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.