Eagle Bancorp Montana (NASDAQ:EBMT) Upgraded to Buy at StockNews.com

Eagle Bancorp Montana (NASDAQ:EBMT) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Eagle Bancorp Montana Stock Performance

NASDAQ:EBMT opened at $16.95 on Tuesday. The firm has a 50-day moving average of $16.09 and a two-hundred day moving average of $14.42. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market cap of $135.94 million, a P/E ratio of 15.69 and a beta of 0.52. Eagle Bancorp Montana has a 1-year low of $11.54 and a 1-year high of $17.65.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $31.74 million during the quarter, compared to the consensus estimate of $20.60 million. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 5.02%. On average, research analysts expect that Eagle Bancorp Montana will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 7,374 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total value of $105,300.72. Following the sale, the director now directly owns 61,139 shares of the company’s stock, valued at $873,064.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 7,374 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $14.28, for a total value of $105,300.72. Following the sale, the director now owns 61,139 shares in the company, valued at approximately $873,064.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth M. Walsh sold 6,705 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $16.44, for a total value of $110,230.20. Following the transaction, the director now owns 141,033 shares of the company’s stock, valued at approximately $2,318,582.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock worth $257,931 over the last quarter. 6.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Eagle Bancorp Montana

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Eagle Bancorp Montana by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock valued at $4,638,000 after buying an additional 1,075 shares during the period. Brandes Investment Partners LP boosted its stake in Eagle Bancorp Montana by 14.3% during the 2nd quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock valued at $2,254,000 after purchasing an additional 21,441 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Eagle Bancorp Montana by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock valued at $1,236,000 after purchasing an additional 2,937 shares during the period. John G Ullman & Associates Inc. increased its position in shares of Eagle Bancorp Montana by 13.4% during the 3rd quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock valued at $988,000 after purchasing an additional 7,382 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Eagle Bancorp Montana by 5.0% in the third quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock valued at $354,000 after buying an additional 1,072 shares during the period. 35.66% of the stock is currently owned by institutional investors.

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 to small businesses and individuals in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.