Eagle Bancorp Montana (NASDAQ:EBMT) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Hovde Group started coverage on shares of Eagle Bancorp Montana in a research note on Friday, July 5th. They set a “market perform” rating and a $13.50 price objective on the stock.

Eagle Bancorp Montana Price Performance

NASDAQ EBMT opened at $13.33 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50 day moving average price is $13.49 and its 200-day moving average price is $13.18. Eagle Bancorp Montana has a 52-week low of $11.26 and a 52-week high of $17.65. The company has a market cap of $106.87 million, a PE ratio of 11.90 and a beta of 0.54.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). Eagle Bancorp Montana had a net margin of 7.06% and a return on equity of 5.11%. The business had revenue of $30.09 million for the quarter, compared to the consensus estimate of $20.50 million. Sell-side analysts forecast that Eagle Bancorp Montana will post 1.06 EPS for the current fiscal year.

Insider Activity at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 2,954 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $13.21, for a total value of $39,022.34. Following the completion of the transaction, the director now owns 71,139 shares of the company’s stock, valued at $939,746.19. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $12.98, for a total transaction of $129,800.00. Following the completion of the transaction, the director now owns 156,039 shares of the company’s stock, valued at $2,025,386.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter Joseph Johnson sold 2,954 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $13.21, for a total transaction of $39,022.34. Following the transaction, the director now directly owns 71,139 shares of the company’s stock, valued at approximately $939,746.19. The disclosure for this sale can be found here. Insiders sold 14,405 shares of company stock valued at $187,859 over the last 90 days. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Empowered Funds LLC raised its holdings in shares of Eagle Bancorp Montana by 7.6% during the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock worth $256,000 after purchasing an additional 1,400 shares during the last quarter. John G Ullman & Associates Inc. grew its position in Eagle Bancorp Montana by 23.5% during the fourth quarter. John G Ullman & Associates Inc. now owns 25,392 shares of the bank’s stock valued at $401,000 after buying an additional 4,836 shares during the period. Dimensional Fund Advisors LP grew its position in Eagle Bancorp Montana by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock valued at $1,236,000 after buying an additional 2,937 shares during the period. Finally, Vanguard Group Inc. grew its position in Eagle Bancorp Montana by 0.3% during the first 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. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Company Profile

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.