Eagle Bancorp Montana Inc (NASDAQ:EBMT) has received 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 analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus target price of $20.50 for the company and are anticipating that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Eagle Bancorp Montana an industry rank of 175 out of 256 based on the ratings given to related companies.
A number of research firms recently issued reports on EBMT. Zacks Investment Research raised shares of Eagle Bancorp Montana from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. ValuEngine raised shares of Eagle Bancorp Montana from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Finally, Stephens downgraded shares of Eagle Bancorp Montana from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 6th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. B. Riley Financial Inc. acquired a new stake in shares of Eagle Bancorp Montana in the 4th quarter valued at about $216,000. Stockman Wealth Management Inc. lifted its position in Eagle Bancorp Montana by 10.3% in the 4th quarter. Stockman Wealth Management Inc. now owns 25,179 shares of the bank’s stock valued at $407,000 after acquiring an additional 2,346 shares in the last quarter. Naples Global Advisors LLC lifted its position in Eagle Bancorp Montana by 13.1% in the 4th quarter. Naples Global Advisors LLC now owns 27,475 shares of the bank’s stock valued at $464,000 after acquiring an additional 3,175 shares in the last quarter. Renaissance Technologies LLC lifted its position in Eagle Bancorp Montana by 6.8% in the 1st quarter. Renaissance Technologies LLC now owns 45,323 shares of the bank’s stock valued at $768,000 after acquiring an additional 2,895 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Eagle Bancorp Montana by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 49,689 shares of the bank’s stock valued at $803,000 after acquiring an additional 600 shares in the last quarter. 35.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:EBMT traded down $0.27 during midday trading on Thursday, reaching $16.15. 3,173 shares of the company were exchanged, compared to its average volume of 10,284. The firm has a market cap of $103.36 million, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.02 and a beta of 0.47. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.99. Eagle Bancorp Montana has a one year low of $14.20 and a one year high of $19.65.
Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.60 million. Eagle Bancorp Montana had a net margin of 10.63% and a return on equity of 7.36%. As a group, research analysts predict that Eagle Bancorp Montana will post 1.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $0.0925 dividend. This represents a $0.37 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Thursday, May 16th. Eagle Bancorp Montana’s dividend payout ratio is currently 34.58%.
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. The company accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.
Featured Article: Moving Average (MA)
Get a free copy of the Zacks research report on Eagle Bancorp Montana (EBMT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Eagle Bancorp Montana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bancorp Montana and related companies with MarketBeat.com's FREE daily email newsletter.