Brokerages Anticipate Eagle Bancorp Montana Inc (NASDAQ:EBMT) to Announce $0.53 EPS

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 provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus target price of $21.00 for the company and are predicting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also given Eagle Bancorp Montana an industry rank of 196 out of 255 based on the ratings given to related companies.

A number of brokerages have recently weighed in on EBMT. ValuEngine raised shares of Eagle Bancorp Montana from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research raised shares of Eagle Bancorp Montana from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Thursday.

Shares of NASDAQ:EBMT opened at $17.25 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.14. The company has a market cap of $109.92 million, a P/E ratio of 16.12 and a beta of 0.50. Eagle Bancorp Montana has a 52 week low of $14.20 and a 52 week high of $18.28. The company has a 50-day moving average price of $16.76 and a 200 day moving average price of $16.79.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.12. The firm had revenue of $15.20 million during the quarter, compared to the consensus estimate of $13.45 million. Eagle Bancorp Montana had a net margin of 13.02% and a return on equity of 8.68%. Analysts expect that Eagle Bancorp Montana will post 1.77 EPS for the current year.

In other news, Director Shavon Cape bought 3,790 shares of the stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of $17.30 per share, with a total value of $65,567.00. Following the purchase, the director now owns 7,145 shares of the company’s stock, valued at $123,608.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.50% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in EBMT. EJF Capital LLC grew its stake in Eagle Bancorp Montana by 21.4% in the 2nd quarter. EJF Capital LLC now owns 425,222 shares of the bank’s stock worth $7,059,000 after acquiring an additional 75,000 shares during the period. Naples Global Advisors LLC acquired a new position in shares of Eagle Bancorp Montana in the 2nd quarter valued at $471,000. Jacobs Asset Management LLC boosted its holdings in shares of Eagle Bancorp Montana by 7.2% in the 2nd quarter. Jacobs Asset Management LLC now owns 236,424 shares of the bank’s stock valued at $3,925,000 after purchasing an additional 15,778 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Eagle Bancorp Montana by 20,554.2% in the 2nd quarter. Royal Bank of Canada now owns 12,186 shares of the bank’s stock valued at $202,000 after purchasing an additional 12,127 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Eagle Bancorp Montana by 7.1% in the 2nd quarter. Renaissance Technologies LLC now owns 48,560 shares of the bank’s stock valued at $806,000 after purchasing an additional 3,237 shares during the last quarter. 36.30% of the stock is owned by hedge funds and other institutional investors.

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 accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.

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