Eagle Bancorp Montana (NASDAQ:EBMT) Now Covered by Analysts at Hovde Group

Hovde Group initiated coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research report report published on Thursday morning, Briefing.com Automated Import reports. The firm issued an outperform rating and a $25.50 target price on the bank’s stock.

Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Eagle Bancorp Montana from a sell rating to a strong sell rating in a research report on Thursday, October 24th. Zacks Investment Research upgraded shares of Eagle Bancorp Montana from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research report on Thursday, October 24th.

Shares of NASDAQ EBMT traded down $0.05 during midday trading on Thursday, hitting $21.05. The stock had a trading volume of 5,841 shares, compared to its average volume of 14,503. The business’s 50 day moving average is $21.54 and its 200-day moving average is $19.22. The company has a market cap of $135.20 million, a P/E ratio of 12.53 and a beta of 0.55. Eagle Bancorp Montana has a 52 week low of $15.53 and a 52 week high of $22.98. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.84.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Tuesday, January 28th. The bank reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.16). The firm had revenue of $16.51 million during the quarter, compared to the consensus estimate of $15.19 million. Eagle Bancorp Montana had a return on equity of 10.97% and a net margin of 15.34%. As a group, analysts expect that Eagle Bancorp Montana will post 2.07 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 14th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.81%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 19.49%.

A number of institutional investors have recently modified their holdings of EBMT. Ancora Advisors LLC bought a new position in Eagle Bancorp Montana during the fourth quarter valued at approximately $59,000. Fourthstone LLC bought a new position in Eagle Bancorp Montana during the fourth quarter valued at approximately $3,764,000. Renaissance Technologies LLC lifted its position in Eagle Bancorp Montana by 74.1% during the fourth quarter. Renaissance Technologies LLC now owns 104,526 shares of the bank’s stock valued at $2,236,000 after purchasing an additional 44,494 shares during the period. Credit Suisse AG bought a new position in Eagle Bancorp Montana during the fourth quarter valued at approximately $218,000. Finally, Penn Capital Management Co. Inc. lifted its position in Eagle Bancorp Montana by 2.0% during the fourth quarter. Penn Capital Management Co. Inc. now owns 58,680 shares of the bank’s stock valued at $1,255,000 after purchasing an additional 1,166 shares during the period. Institutional investors own 35.67% of the company’s stock.

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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