Shares of Eagle Bancorp Montana Inc (NASDAQ:EBMT) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus target price of $23.50 for the company and are forecasting 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 118 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 $23.00 target price on the stock in a research report on Wednesday, December 20th.
In other news, Director Rick Hays acquired 2,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were acquired 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 owns 22,729 shares of the company’s stock, valued at $447,761.30. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Peter Joseph Johnson sold 2,069 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $19.75, for a total value of $40,862.75. Following the completion of the transaction, the chief executive officer now directly owns 94,460 shares in the company, valued at $1,865,585. The disclosure for this sale can be found here. Insiders have sold a total of 5,538 shares of company stock worth $109,610 over the last ninety days. 6.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG increased its holdings in shares of Eagle Bancorp Montana by 37.9% in the fourth quarter. Deutsche Bank AG now owns 13,333 shares of the bank’s stock valued at $279,000 after purchasing an additional 3,664 shares during the period. US Bancorp DE increased its stake 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 acquiring an additional 3,098 shares during the last quarter. Dimensional Fund Advisors LP increased its stake 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 acquiring an additional 11,804 shares during the last quarter. Vanguard Group Inc. increased its stake 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 acquiring an additional 1,723 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Eagle Bancorp Montana by 58.8% during the fourth quarter. Renaissance Technologies LLC now owns 41,600 shares of the bank’s stock worth $872,000 after acquiring an additional 15,400 shares during the last quarter. 43.41% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ EBMT traded up $0.15 during trading hours on Tuesday, hitting $20.70. The company’s stock had a trading volume of 6,428 shares, compared to its average volume of 4,271. Eagle Bancorp Montana has a 12 month low of $17.35 and a 12 month high of $21.95. The company has a market capitalization of $113.03, a price-to-earnings ratio of 15.80, a PEG ratio of 1.41 and a beta of 0.29. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.98 and a current ratio of 1.00.
Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings data on Monday, January 29th. The bank reported $0.34 EPS for the quarter, topping 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 company had revenue of $9.81 million during the quarter, compared to the consensus estimate of $9.85 million. equities analysts predict that Eagle Bancorp Montana will post 1.47 earnings per share for the current fiscal year.
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About Eagle Bancorp Montana
Eagle Bancorp Montana, Inc operates as the bank holding company for Opportunity Bank of Montana that provides various retail banking products and services in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.
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