Eagle Bancorp Montana (NASDAQ:EBMT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday, Zacks.com reports. The brokerage presently has a $19.00 price target on the bank’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.36% 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 raised Eagle Bancorp Montana from a “strong sell” rating to a “sell” rating in a research report on Thursday.
EBMT stock opened at $16.91 on Thursday. The stock has a 50-day moving average price of $16.77 and a two-hundred day moving average price of $16.79. Eagle Bancorp Montana has a 12-month low of $14.20 and a 12-month high of $18.28. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 1.14. The company has a market cap of $110.14 million, a PE ratio of 11.47 and a beta of 0.50.
Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.12. Eagle Bancorp Montana had a return on equity of 8.68% and a net margin of 13.02%. The firm had revenue of $15.20 million during the quarter, compared to the consensus estimate of $13.45 million. Equities analysts forecast that Eagle Bancorp Montana will post 1.77 EPS for the current fiscal year.
In other news, Director Shavon Cape purchased 3,790 shares of the stock in a transaction on Monday, August 19th. The stock was purchased at an average price of $17.30 per share, with a total value of $65,567.00. Following the completion of the transaction, the director now owns 7,145 shares in the company, valued at $123,608.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in shares of 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 purchasing an additional 2,389 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Eagle Bancorp Montana by 20,554.2% during the second quarter. Royal Bank of Canada now owns 12,186 shares of the bank’s stock worth $202,000 after purchasing an additional 12,127 shares in the last quarter. Stockman Wealth Management Inc. lifted its stake 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 in the last quarter. Naples Global Advisors LLC acquired a new position in shares of Eagle Bancorp Montana during the second quarter worth about $471,000. Finally, Renaissance Technologies LLC lifted its stake 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 in the last quarter. Institutional investors own 36.30% 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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