Hovde Group Initiates Coverage on Eagle Bancorp Montana (NASDAQ:EBMT)

Stock analysts at Hovde Group assumed coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research report issued on Monday, MarketBeat reports. The firm set a “market perform” rating and a $14.00 price target on the bank’s stock. Hovde Group’s target price would suggest a potential upside of 10.28% from the company’s current price.

Separately, StockNews.com began coverage on Eagle Bancorp Montana in a research note on Thursday, December 28th. They set a “hold” rating on the stock.

Eagle Bancorp Montana Trading Up 1.2 %

Eagle Bancorp Montana stock opened at $12.70 on Monday. Eagle Bancorp Montana has a 52 week low of $11.26 and a 52 week high of $17.65. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.90 and a current ratio of 0.91. The firm has a market capitalization of $101.78 million, a PE ratio of 9.77 and a beta of 0.53. The business’s 50-day simple moving average is $12.84 and its 200-day simple moving average is $13.15.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.05). Eagle Bancorp Montana had a net margin of 8.80% and a return on equity of 6.17%. The firm had revenue of $30.35 million for the quarter, compared to the consensus estimate of $22.10 million. Equities research analysts forecast that Eagle Bancorp Montana will post 1.8 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. John G Ullman & Associates Inc. lifted its position in Eagle Bancorp Montana by 5.7% during the third quarter. John G Ullman & Associates Inc. now owns 20,556 shares of the bank’s stock worth $243,000 after acquiring an additional 1,109 shares during the last quarter. TNF LLC lifted its position in Eagle Bancorp Montana by 4.2% during the fourth quarter. TNF LLC now owns 37,868 shares of the bank’s stock worth $564,000 after acquiring an additional 1,539 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Eagle Bancorp Montana during the third quarter worth approximately $565,000. Finally, Brandes Investment Partners LP lifted its position in Eagle Bancorp Montana by 23.5% during the third quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank’s stock worth $1,164,000 after acquiring an additional 18,741 shares during the last quarter. Institutional investors and hedge funds own 35.66% 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 to small businesses and individuals in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.