Eagle Bancorp Montana (NASDAQ:EBMT) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a report released on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Hovde Group began coverage on shares of Eagle Bancorp Montana in a research note on Friday, July 5th. They issued a “market perform” rating and a $13.50 price target on the stock.

Eagle Bancorp Montana Stock Down 0.8 %

Shares of NASDAQ EBMT opened at $13.67 on Tuesday. The company’s 50-day simple moving average is $13.49 and its 200-day simple moving average is $13.26. Eagle Bancorp Montana has a 52-week low of $11.26 and a 52-week high of $17.65. The firm has a market cap of $109.59 million, a price-to-earnings ratio of 12.21 and a beta of 0.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.40.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.06). Eagle Bancorp Montana had a net margin of 7.06% and a return on equity of 5.11%. The company had revenue of $30.09 million during the quarter, compared to analyst estimates of $20.50 million. Equities analysts predict that Eagle Bancorp Montana will post 1.06 EPS for the current fiscal year.

Insider Transactions at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director M Walsh Kenneth 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 2,954 shares of Eagle Bancorp Montana stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $13.21, for a total transaction of $39,022.34. Following the transaction, the director now directly owns 71,139 shares of the company’s stock, valued at $939,746.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director M Walsh Kenneth 10,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. Over the last three months, insiders have sold 14,405 shares of company stock valued at $187,859. Corporate insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of institutional investors have recently bought and sold shares of EBMT. Empowered Funds LLC raised its stake in Eagle Bancorp Montana by 7.6% during the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock worth $256,000 after purchasing an additional 1,400 shares during the period. John G Ullman & Associates Inc. raised its stake in shares of Eagle Bancorp Montana by 23.5% in the 4th quarter. John G Ullman & Associates Inc. now owns 25,392 shares of the bank’s stock valued at $401,000 after acquiring an additional 4,836 shares during the period. TNF LLC raised its stake in shares of Eagle Bancorp Montana by 4.2% in the 4th quarter. TNF LLC now owns 37,868 shares of the bank’s stock valued at $564,000 after acquiring an additional 1,539 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Eagle Bancorp Montana by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock valued at $4,638,000 after acquiring an additional 1,075 shares during the period. 35.66% of the stock is owned by hedge funds and other institutional investors.

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 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.