Eagle Bancorp Montana (NASDAQ:EBMT) Stock Rating Lowered by Zacks Investment Research

Eagle Bancorp Montana (NASDAQ:EBMT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday, Zacks.com reports.

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. “

Separately, ValuEngine upgraded Eagle Bancorp Montana from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 10th.

Shares of NASDAQ EBMT opened at $17.76 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.00 and a current ratio of 1.03. Eagle Bancorp Montana has a 52 week low of $14.20 and a 52 week high of $18.28. The stock has a market capitalization of $111.10 million, a P/E ratio of 16.60 and a beta of 0.50. The stock’s fifty day moving average is $16.97 and its 200 day moving average is $16.81.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.12. Eagle Bancorp Montana had a return on equity of 8.68% and a net margin of 13.02%. The company had revenue of $15.20 million for the quarter, compared to analysts’ expectations of $13.45 million. Equities research analysts forecast that Eagle Bancorp Montana will post 1.79 earnings per share for the current year.

In other Eagle Bancorp Montana news, Director Shavon Cape bought 3,790 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were purchased at an average price of $17.30 per share, for a total transaction of $65,567.00. Following the completion of the transaction, the director now directly owns 7,145 shares in the company, valued at approximately $123,608.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. EJF Capital LLC grew its position in Eagle Bancorp Montana by 21.4% in the second quarter. EJF Capital LLC now owns 425,222 shares of the bank’s stock valued at $7,059,000 after acquiring an additional 75,000 shares during the last quarter. Jacobs Asset Management LLC grew its position in Eagle Bancorp Montana by 7.2% in the second quarter. Jacobs Asset Management LLC now owns 236,424 shares of the bank’s stock valued at $3,925,000 after acquiring an additional 15,778 shares during the last quarter. Context BH Capital Management LP grew its position in Eagle Bancorp Montana by 1.0% in the second quarter. Context BH Capital Management LP now owns 63,400 shares of the bank’s stock valued at $1,052,000 after acquiring an additional 611 shares during the last quarter. Renaissance Technologies LLC grew its position in Eagle Bancorp Montana by 7.1% in the second quarter. Renaissance Technologies LLC now owns 48,560 shares of the bank’s stock valued at $806,000 after acquiring an additional 3,237 shares during the last quarter. Finally, Naples Global Advisors LLC bought a new position in Eagle Bancorp Montana in the second quarter valued at about $471,000. Hedge funds and other institutional investors own 36.30% 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 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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