Zacks Investment Research Downgrades Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) to Hold

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday, October 18th.

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, TheStreet downgraded shares of Eagle Bancorp Montana from a “c-” rating to a “d” rating in a research report on Monday, July 24th.

Shares of Eagle Bancorp Montana (NASDAQ EBMT) traded up 0.25% during trading on Wednesday, reaching $19.95. The company had a trading volume of 5,204 shares. Eagle Bancorp Montana has a 12 month low of $14.90 and a 12 month high of $24.00. The firm has a 50 day moving average price of $18.87 and a 200 day moving average price of $18.53. The company has a market cap of $76.03 million, a price-to-earnings ratio of 15.35 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Monday, October 23rd. The bank reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. The company had revenue of $10.15 million during the quarter, compared to the consensus estimate of $10.00 million. Eagle Bancorp Montana had a net margin of 11.85% and a return on equity of 8.55%. Analysts predict that Eagle Bancorp Montana will post $1.22 earnings per share for the current year.

Eagle Bancorp Montana announced that its Board of Directors has initiated a share buyback program on Friday, July 21st that permits the company to repurchase 100,000 shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

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A number of hedge funds have recently modified their holdings of EBMT. Dimensional Fund Advisors LP grew its position in Eagle Bancorp Montana by 76.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 26,696 shares of the bank’s stock worth $538,000 after purchasing an additional 11,593 shares in the last quarter. US Bancorp DE bought a new stake in Eagle Bancorp Montana in the 2nd quarter worth about $251,000. Naples Global Advisors LLC grew its position in Eagle Bancorp Montana by 0.5% in the 2nd quarter. Naples Global Advisors LLC now owns 20,150 shares of the bank’s stock worth $365,000 after purchasing an additional 100 shares in the last quarter. Morgan Dempsey Capital Management LLC bought a new stake in Eagle Bancorp Montana in the 2nd quarter worth about $583,000. Finally, Glacier Peak Capital LLC grew its position in Eagle Bancorp Montana by 2.2% in the 2nd quarter. Glacier Peak Capital LLC now owns 376,646 shares of the bank’s stock worth $6,817,000 after purchasing an additional 8,178 shares in the last quarter. 24.66% of the stock is owned by institutional investors and hedge funds.

Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank.

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