Eagle Bancorp Montana (NASDAQ:EBMT) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Eagle Bancorp Montana in a research note on Monday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Eagle Bancorp Montana Stock Down 0.4%

Shares of EBMT opened at $19.95 on Monday. The stock has a fifty day simple moving average of $17.52 and a two-hundred day simple moving average of $17.11. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $158.60 million, a PE ratio of 11.60 and a beta of 0.34. Eagle Bancorp Montana has a 52-week low of $14.35 and a 52-week high of $20.22.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Tuesday, October 28th. The bank reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. The company had revenue of $23.41 million for the quarter, compared to the consensus estimate of $18.19 million. Eagle Bancorp Montana had a net margin of 10.76% and a return on equity of 7.53%. As a group, equities analysts forecast that Eagle Bancorp Montana will post 1.61 EPS for the current year.

Eagle Bancorp Montana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, November 14th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 33.72%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in shares of Eagle Bancorp Montana in the third quarter worth $25,000. Raymond James Financial Inc. acquired a new position in Eagle Bancorp Montana during the 2nd quarter worth $28,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Eagle Bancorp Montana during the 2nd quarter worth about $29,000. BNP Paribas Financial Markets raised its position in Eagle Bancorp Montana by 60.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock valued at $30,000 after purchasing an additional 664 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Eagle Bancorp Montana by 355.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock valued at $38,000 after buying an additional 1,766 shares during the period. Institutional investors and hedge funds own 35.66% of the company’s stock.

Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.