Eagle Bancorp Montana (EBMT) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a hold rating to a buy rating in a research report sent to investors on Thursday, January 4th. Zacks Investment Research currently has $22.00 target price on the bank’s stock.

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. “

Shares of Eagle Bancorp Montana (NASDAQ:EBMT) traded up $0.37 during trading hours on Thursday, hitting $21.62. The stock had a trading volume of 6,680 shares, compared to its average volume of 3,435. Eagle Bancorp Montana has a 52-week low of $17.35 and a 52-week high of $21.95. The stock has a market cap of $106.26, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 1.27 and a beta of 0.44. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 1.72.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its earnings results on Monday, October 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. Eagle Bancorp Montana had a return on equity of 8.46% and a net margin of 11.85%. The firm had revenue of $10.15 million for the quarter, compared to analyst estimates of $10.00 million. analysts forecast that Eagle Bancorp Montana will post 1.31 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its holdings in Eagle Bancorp Montana by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 201,960 shares of the bank’s stock valued at $3,655,000 after purchasing an additional 4,395 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in Eagle Bancorp Montana by 10.4% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 193,639 shares of the bank’s stock valued at $3,582,000 after purchasing an additional 18,182 shares in the last quarter. Thomson Horstmann & Bryant Inc. purchased a new position in Eagle Bancorp Montana in the 4th quarter valued at $2,034,000. Vanguard Group Inc. lifted its holdings in Eagle Bancorp Montana by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 46,873 shares of the bank’s stock valued at $848,000 after purchasing an additional 1,723 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Eagle Bancorp Montana by 20.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 46,220 shares of the bank’s stock valued at $850,000 after purchasing an additional 7,720 shares in the last quarter. Institutional investors own 26.56% of the company’s stock.

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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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