Brokerages Set $23.00 Target Price for Eagle Bancorp Montana Inc (EBMT)

Shares of Eagle Bancorp Montana Inc (NASDAQ:EBMT) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price target of $23.00 for the company and are predicting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also assigned Eagle Bancorp Montana an industry rank of 3 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, September 26th.

A number of hedge funds have recently added to or reduced their stakes in EBMT. Kennedy Capital Management Inc. acquired a new position in Eagle Bancorp Montana during the 2nd quarter worth approximately $558,000. Vanguard Group Inc. increased its position in Eagle Bancorp Montana by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,873 shares of the bank’s stock worth $848,000 after purchasing an additional 1,723 shares in the last quarter. Advisor Group Inc. increased its position in Eagle Bancorp Montana by 148.5% during the 2nd quarter. Advisor Group Inc. now owns 13,914 shares of the bank’s stock worth $252,000 after purchasing an additional 8,315 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Eagle Bancorp Montana by 44.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,500 shares of the bank’s stock worth $697,000 after purchasing an additional 11,804 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Eagle Bancorp Montana by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 201,960 shares of the bank’s stock worth $3,655,000 after purchasing an additional 4,395 shares in the last quarter. Institutional investors and hedge funds own 28.50% of the company’s stock.

Eagle Bancorp Montana (NASDAQ:EBMT) traded down $0.30 during mid-day trading on Friday, reaching $20.35. 4,845 shares of the company were exchanged, compared to its average volume of 2,836. The firm has a market cap of $103.25, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.29 and a beta of 0.39. Eagle Bancorp Montana has a twelve month low of $17.35 and a twelve month high of $21.95. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.97 and a current ratio of 0.99.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings data on Monday, October 23rd. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.11. The business had revenue of $10.15 million during the quarter, compared to analysts’ expectations of $10.00 million. Eagle Bancorp Montana had a net margin of 11.85% and a return on equity of 8.46%. analysts predict that Eagle Bancorp Montana will post 1.31 EPS for the current fiscal year.

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Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank.

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