Eagle Bancorp Montana (NASDAQ:EBMT) Issues Quarterly Earnings Results

Eagle Bancorp Montana (NASDAQ:EBMT) issued its earnings results on Tuesday. The bank reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03), Zacks reports. Eagle Bancorp Montana had a return on equity of 8.29% and a net margin of 12.16%.

Eagle Bancorp Montana Stock Up 0.2%

Shares of NASDAQ:EBMT traded up $0.04 during trading on Tuesday, reaching $23.57. The stock had a trading volume of 43,819 shares, compared to its average volume of 60,525. The firm’s 50-day simple moving average is $23.09 and its 200 day simple moving average is $22.13. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37. Eagle Bancorp Montana has a one year low of $15.50 and a one year high of $24.66. The company has a market capitalization of $187.85 million, a P/E ratio of 11.90 and a beta of 0.35.

Insider Activity at Eagle Bancorp Montana

In related news, Director Kenneth M. Walsh sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $22.83, for a total transaction of $228,300.00. Following the completion of the transaction, the director owned 82,260 shares in the company, valued at $1,877,995.80. The trade was a 10.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several institutional investors and hedge funds have recently bought and sold shares of EBMT. Bank of America Corp DE lifted its holdings in shares of Eagle Bancorp Montana by 18.6% during the 4th quarter. Bank of America Corp DE now owns 5,123 shares of the bank’s stock valued at $79,000 after purchasing an additional 803 shares during the last quarter. Jones Financial Companies Lllp boosted its position 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 worth $38,000 after purchasing an additional 1,766 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Eagle Bancorp Montana by 127.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,256 shares of the bank’s stock worth $524,000 after buying an additional 17,509 shares during the last quarter. Empowered Funds LLC grew its stake in Eagle Bancorp Montana by 7.3% during the 1st quarter. Empowered Funds LLC now owns 25,114 shares of the bank’s stock worth $421,000 after buying an additional 1,706 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Eagle Bancorp Montana by 193.4% during the 1st quarter. Jane Street Group LLC now owns 35,946 shares of the bank’s stock valued at $602,000 after buying an additional 23,694 shares in the last quarter. 35.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EBMT. DA Davidson upped their price target on shares of Eagle Bancorp Montana from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Hovde Group upped their target price on Eagle Bancorp Montana from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday, April 30th. Weiss Ratings raised Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, June 18th. Finally, Zacks Research downgraded Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

About Eagle Bancorp Montana

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.