Eagle Bancorp Montana (NASDAQ:EBMT) Research Coverage Started at Hovde Group

Hovde Group initiated coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research report released on Monday, Marketbeat Ratings reports. The firm issued a market perform rating and a $14.00 price target on the bank’s stock.

Separately, StockNews.com initiated coverage on shares of Eagle Bancorp Montana in a report on Thursday, December 28th. They issued a hold rating on the stock.

Eagle Bancorp Montana Trading Up 1.3 %

EBMT stock opened at $12.86 on Monday. The company has a market capitalization of $103.14 million, a PE ratio of 9.89 and a beta of 0.53. Eagle Bancorp Montana has a one year low of $11.26 and a one year high of $17.65. The company’s 50 day moving average price is $12.84 and its two-hundred day moving average price is $13.15. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.90 and a current ratio of 0.91.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.05). Eagle Bancorp Montana had a return on equity of 6.17% and a net margin of 8.80%. The business had revenue of $30.35 million for the quarter, compared to analysts’ expectations of $22.10 million. As a group, analysts predict that Eagle Bancorp Montana will post 1.8 earnings per share for the current fiscal year.

Eagle Bancorp Montana Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Thursday, May 16th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 43.08%.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several large investors have recently modified their holdings of EBMT. John G Ullman & Associates Inc. increased its position in shares of Eagle Bancorp Montana by 5.7% during the 3rd quarter. John G Ullman & Associates Inc. now owns 20,556 shares of the bank’s stock valued at $243,000 after purchasing an additional 1,109 shares during the last quarter. TNF LLC grew its stake in shares of Eagle Bancorp Montana by 4.2% during the 4th quarter. TNF LLC now owns 37,868 shares of the bank’s stock valued at $564,000 after acquiring an additional 1,539 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Eagle Bancorp Montana during the 3rd quarter valued at approximately $565,000. Finally, Brandes Investment Partners LP boosted its stake in Eagle Bancorp Montana by 23.5% in the 3rd quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank’s stock worth $1,164,000 after purchasing an additional 18,741 shares during the period. Hedge funds and other institutional investors own 35.66% 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 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.