Zacks Investment Research downgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a buy rating to a sell rating in a research note issued to investors on Thursday, February 8th.
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 (EBMT) traded down $0.05 during trading hours on Thursday, hitting $20.00. 1,194 shares of the stock were exchanged, compared to its average volume of 4,803. Eagle Bancorp Montana has a 1-year low of $17.35 and a 1-year high of $21.95. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $100.27, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.36 and a beta of 0.33.
Eagle Bancorp Montana (NASDAQ:EBMT) last announced its earnings results on Monday, January 29th. The bank reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Eagle Bancorp Montana had a net margin of 9.73% and a return on equity of 8.73%. The business had revenue of $9.81 million during the quarter, compared to analysts’ expectations of $9.85 million. equities research analysts forecast that Eagle Bancorp Montana will post 1.47 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be issued a $0.09 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.80%. Eagle Bancorp Montana’s payout ratio is 34.95%.
In other news, Director Rick Hays purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was purchased at an average cost of $19.70 per share, with a total value of $39,400.00. Following the completion of the acquisition, the director now directly owns 22,729 shares of the company’s stock, valued at approximately $447,761.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter Joseph Johnson sold 2,069 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $19.75, for a total transaction of $40,862.75. Following the transaction, the chief executive officer now directly owns 94,460 shares of the company’s stock, valued at $1,865,585. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EBMT. Advisor Group Inc. raised its holdings in Eagle Bancorp Montana by 148.5% during the second quarter. Advisor Group Inc. now owns 13,914 shares of the bank’s stock worth $252,000 after purchasing an additional 8,315 shares in the last quarter. Deutsche Bank AG raised its holdings in Eagle Bancorp Montana by 37.9% during the fourth quarter. Deutsche Bank AG now owns 13,333 shares of the bank’s stock worth $279,000 after purchasing an additional 3,664 shares in the last quarter. US Bancorp DE raised its holdings in Eagle Bancorp Montana by 21.9% during the fourth quarter. US Bancorp DE now owns 17,229 shares of the bank’s stock worth $361,000 after purchasing an additional 3,098 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Eagle Bancorp Montana by 44.2% during the second quarter. Dimensional Fund Advisors LP now owns 38,500 shares of the bank’s stock worth $697,000 after purchasing an additional 11,804 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Eagle Bancorp Montana by 3.8% during the second quarter. Vanguard Group Inc. now owns 46,873 shares of the bank’s stock worth $848,000 after buying an additional 1,723 shares during the period. 32.79% of the stock is owned by hedge funds and other institutional investors.
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About Eagle Bancorp Montana
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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