Eagle Bancorp Montana (NASDAQ:EBMT) Stock Rating Upgraded by StockNews.com

Eagle Bancorp Montana (NASDAQ:EBMT) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

Eagle Bancorp Montana Stock Performance

Shares of NASDAQ:EBMT traded up $0.02 during trading hours on Tuesday, hitting $17.04. The stock had a trading volume of 20,517 shares, compared to its average volume of 11,031. Eagle Bancorp Montana has a 1-year low of $11.26 and a 1-year high of $17.65. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.93 and a current ratio of 0.94. The firm has a market capitalization of $136.61 million, a price-to-earnings ratio of 15.78 and a beta of 0.52. The stock’s fifty day simple moving average is $16.00 and its 200 day simple moving average is $14.38.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $31.74 million for the quarter, compared to analyst estimates of $20.60 million. Eagle Bancorp Montana had a return on equity of 5.02% and a net margin of 7.03%. Sell-side analysts anticipate that Eagle Bancorp Montana will post 1.1 earnings per share for the current fiscal year.

Insider Activity at Eagle Bancorp Montana

In other news, Director Peter Joseph Johnson sold 7,374 shares of Eagle Bancorp Montana stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $14.28, for a total value of $105,300.72. Following the transaction, the director now owns 61,139 shares of the company’s stock, valued at $873,064.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Kenneth M. Walsh sold 6,705 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $16.44, for a total value of $110,230.20. Following the completion of the sale, the director now owns 141,033 shares in the company, valued at approximately $2,318,582.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Joseph Johnson sold 7,374 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total transaction of $105,300.72. Following the completion of the transaction, the director now directly owns 61,139 shares of the company’s stock, valued at $873,064.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,784 shares of company stock valued at $239,401 over the last 90 days. 6.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Eagle Bancorp Montana

Several hedge funds and other institutional investors have recently modified their holdings of EBMT. Vanguard Group Inc. lifted its stake in Eagle Bancorp Montana by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock worth $4,638,000 after acquiring an additional 1,075 shares in the last quarter. Brandes Investment Partners LP increased its holdings in shares of Eagle Bancorp Montana by 14.3% in the 2nd quarter. Brandes Investment Partners LP now owns 171,174 shares of the bank’s stock valued at $2,254,000 after purchasing an additional 21,441 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Eagle Bancorp Montana by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock worth $1,236,000 after purchasing an additional 2,937 shares in the last quarter. John G Ullman & Associates Inc. boosted its holdings in shares of Eagle Bancorp Montana by 13.4% during the third quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock worth $988,000 after purchasing an additional 7,382 shares during the period. Finally, Empowered Funds LLC grew its position in Eagle Bancorp Montana by 5.0% during the third quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock valued at $354,000 after purchasing an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 35.66% 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 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.