Eagle Bancorp Montana (NASDAQ:EBMT) Upgraded by Zacks Investment Research to Strong-Buy

Eagle Bancorp Montana (NASDAQ:EBMT) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday, Zacks.com reports. The firm presently has a $19.00 price objective on the bank’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.76% from the stock’s previous close.

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. “

Separately, ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

Shares of EBMT stock remained flat at $$16.85 during midday trading on Friday. 15,957 shares of the company’s stock were exchanged, compared to its average volume of 4,868. Eagle Bancorp Montana has a one year low of $14.20 and a one year high of $19.35. The stock has a market capitalization of $108.09 million, a PE ratio of 15.75, a P/E/G ratio of 1.04 and a beta of 0.45. The firm’s 50 day simple moving average is $16.43. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.04.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. Eagle Bancorp Montana had a net margin of 13.02% and a return on equity of 9.03%. The company had revenue of $15.20 million for the quarter, compared to the consensus estimate of $13.45 million. On average, research analysts anticipate that Eagle Bancorp Montana will post 1.63 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Naples Global Advisors LLC bought a new stake in shares of Eagle Bancorp Montana in the 2nd quarter worth approximately $471,000. Dimensional Fund Advisors LP raised its holdings in shares of Eagle Bancorp Montana by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 49,689 shares of the bank’s stock worth $803,000 after purchasing an additional 600 shares in the last quarter. Finally, Penn Capital Management Co. Inc. raised its holdings in shares of Eagle Bancorp Montana by 5.6% in the 4th quarter. Penn Capital Management Co. Inc. now owns 55,442 shares of the bank’s stock worth $915,000 after purchasing an additional 2,947 shares in the last quarter. Institutional investors and hedge funds own 36.39% 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 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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