Shares of Eagle Bancorp Montana Inc (NASDAQ:EBMT) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price objective of $23.50 for the company and are anticipating that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned Eagle Bancorp Montana an industry rank of 47 out of 265 based on the ratings given to related companies.
EBMT has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Eagle Bancorp Montana from a “buy” rating to a “sell” rating in a report on Thursday, February 8th. FIG Partners reaffirmed an “outperform” rating on shares of Eagle Bancorp Montana in a report on Thursday, April 26th. Finally, ValuEngine downgraded Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a report on Monday, May 7th.
Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, April 24th. The bank reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.10). The business had revenue of $9.53 million for the quarter, compared to analysts’ expectations of $12.68 million. Eagle Bancorp Montana had a return on equity of 7.25% and a net margin of 9.04%. equities research analysts expect that Eagle Bancorp Montana will post 1.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, May 10th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is currently 28.35%.
In other news, CEO Peter Joseph Johnson sold 5,697 shares of Eagle Bancorp Montana stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $19.66, for a total transaction of $112,003.02. Following the sale, the chief executive officer now owns 94,326 shares in the company, valued at $1,854,449.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rick Hays bought 2,500 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were purchased at an average price of $19.79 per share, for a total transaction of $49,475.00. Following the transaction, the director now directly owns 24,601 shares of the company’s stock, valued at approximately $486,853.79. The disclosure for this purchase can be found here. Insiders have sold 7,897 shares of company stock worth $155,463 in the last quarter. Insiders own 6.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of EBMT. Dimensional Fund Advisors LP increased its position in shares of Eagle Bancorp Montana by 20.1% during the third quarter. Dimensional Fund Advisors LP now owns 46,220 shares of the bank’s stock worth $850,000 after purchasing an additional 7,720 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Eagle Bancorp Montana by 20.2% during the fourth quarter. Deprince Race & Zollo Inc. now owns 232,781 shares of the bank’s stock worth $4,877,000 after purchasing an additional 39,142 shares in the last quarter. US Bancorp DE increased its position in shares of Eagle Bancorp Montana by 21.9% during the fourth quarter. US Bancorp DE now owns 17,229 shares of the bank’s stock worth $361,000 after purchasing an additional 3,098 shares in the last quarter. Maltese Capital Management LLC acquired a new stake in shares of Eagle Bancorp Montana during the fourth quarter worth about $3,666,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Eagle Bancorp Montana by 14.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 232,747 shares of the bank’s stock worth $4,876,000 after purchasing an additional 30,226 shares in the last quarter. Institutional investors and hedge funds own 43.45% of the company’s stock.
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 in Montana. The company offers one-to-four family residential mortgage loans; commercial real estate loans; real estate construction loans; home equity loans; commercial business loans consisting of business loans and lines of credit on a secured and unsecured basis; and consumer loans comprising loans that are secured by collateral other than real estate, such as automobiles, recreational vehicles, and boats.
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