Eagle Bancorp Montana (EBMT) Rating Lowered to Sell at Zacks Investment Research

Eagle Bancorp Montana (NASDAQ:EBMT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “Eagle Bancorp operates as a holding company for American Federal Savings Bank that provides retail banking services in the south central portion of Montana. The company offers various deposit and loan products and services. The Bank is a federally chartered savings bank, engaging in typical banking activities: acquiring deposits from local markets and investing in loans and investment securities. Eagle Bancorp also offers real estate construction loans; consumer loans comprising auto loans, RV loans, boat loans, personal loans and credit lines, and deposit account loans; and commercial loans. Headquartered in Helena, Montana, the Company’s mission is to efficiently increase value for its customers, shareholders, employees and communities. “

A number of other brokerages also recently issued reports on EBMT. TheStreet upgraded shares of Eagle Bancorp Montana from a “c+” rating to a “b” rating in a report on Wednesday, October 31st. ValuEngine downgraded shares of Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.

Shares of EBMT opened at $17.32 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $95.37 million, a PE ratio of 16.27, a P/E/G ratio of 1.07 and a beta of 0.47. Eagle Bancorp Montana has a 52-week low of $14.20 and a 52-week high of $21.25.

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $17.87, for a total transaction of $89,350.00. Following the completion of the transaction, the director now directly owns 269,510 shares in the company, valued at approximately $4,816,143.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.90% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Penn Capital Management Co. Inc. grew its position in shares of Eagle Bancorp Montana by 5.6% in the fourth quarter. Penn Capital Management Co. Inc. now owns 55,442 shares of the bank’s stock valued at $915,000 after purchasing an additional 2,947 shares during the period. Context BH Capital Management LP grew its position in shares of Eagle Bancorp Montana by 63.9% in the fourth quarter. Context BH Capital Management LP now owns 62,789 shares of the bank’s stock valued at $1,036,000 after purchasing an additional 24,480 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Eagle Bancorp Montana by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 49,689 shares of the bank’s stock valued at $803,000 after purchasing an additional 600 shares during the period. Thomson Horstmann & Bryant Inc. boosted its position in Eagle Bancorp Montana by 4.2% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 144,429 shares of the bank’s stock worth $2,383,000 after acquiring an additional 5,860 shares during the last quarter. Finally, Stockman Wealth Management Inc. boosted its position in Eagle Bancorp Montana by 10.3% during the fourth quarter. Stockman Wealth Management Inc. now owns 25,179 shares of the bank’s stock worth $407,000 after acquiring an additional 2,346 shares during the last quarter. Hedge funds and other institutional investors own 41.46% 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 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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