Shares of Eagle Bancorp Montana Inc (NASDAQ:EBMT) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price target of $23.50 for the company and are anticipating that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Eagle Bancorp Montana an industry rank of 97 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Eagle Bancorp Montana from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Thursday, January 4th.
Shares of Eagle Bancorp Montana (NASDAQ EBMT) opened at $20.50 on Friday. Eagle Bancorp Montana has a 1-year low of $17.35 and a 1-year high of $21.95. The firm has a market capitalization of $112.49, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.40 and a beta of 0.34. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 1.29.
Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Monday, January 29th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Eagle Bancorp Montana had a return on equity of 8.02% and a net margin of 9.73%. The firm had revenue of $9.81 million for 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 year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 9th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.76%. Eagle Bancorp Montana’s payout ratio is currently 34.95%.
In related news, CEO Peter Joseph Johnson sold 2,069 shares of the firm’s 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 approximately $1,865,585. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rick Hays acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were purchased at an average cost of $19.70 per share, for a total transaction of $39,400.00. Following the completion of the acquisition, the director now owns 22,729 shares in the company, valued at approximately $447,761.30. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 5,538 shares of company stock worth $109,610. Insiders own 9.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in EBMT. Vanguard Group Inc. raised its holdings in shares of Eagle Bancorp Montana by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,873 shares of the bank’s stock valued at $848,000 after buying an additional 1,723 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Eagle Bancorp Montana by 44.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,500 shares of the bank’s stock valued at $697,000 after buying an additional 11,804 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of Eagle Bancorp Montana by 10.4% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 193,639 shares of the bank’s stock valued at $3,582,000 after buying an additional 18,182 shares in the last quarter. Thomson Horstmann & Bryant Inc. purchased a new position in shares of Eagle Bancorp Montana during the 4th quarter valued at about $2,034,000. Finally, US Bancorp DE raised its holdings in shares of Eagle Bancorp Montana by 21.9% during the 4th quarter. US Bancorp DE now owns 17,229 shares of the bank’s stock valued at $361,000 after buying an additional 3,098 shares in the last quarter. 47.31% of the stock is currently owned by institutional investors.
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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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