Analysts Set $20.50 Price Target for Eagle Bancorp Montana Inc (EBMT)

Eagle Bancorp Montana Inc (NASDAQ:EBMT) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $20.50 for the company and are expecting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also given Eagle Bancorp Montana an industry rank of 61 out of 255 based on the ratings given to its competitors.

Several equities research analysts have weighed in on EBMT shares. Zacks Investment Research cut Eagle Bancorp Montana from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Stephens cut Eagle Bancorp Montana from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. Finally, ValuEngine cut Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.

In other news, Director Kenneth M. Walsh sold 5,000 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $17.87, for a total value of $89,350.00. Following the completion of the transaction, the director now owns 269,510 shares of the company’s stock, valued at approximately $4,816,143.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Eagle Bancorp Montana by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 49,689 shares of the bank’s stock worth $803,000 after acquiring an additional 600 shares in the last quarter. Penn Capital Management Co. Inc. raised its position in shares of Eagle Bancorp Montana by 5.6% in the 4th quarter. Penn Capital Management Co. Inc. now owns 55,442 shares of the bank’s stock worth $915,000 after acquiring an additional 2,947 shares in the last quarter. Context BH Capital Management LP raised its position in shares of Eagle Bancorp Montana by 63.9% in the 4th quarter. Context BH Capital Management LP now owns 62,789 shares of the bank’s stock worth $1,036,000 after acquiring an additional 24,480 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its position in shares of Eagle Bancorp Montana by 4.2% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 144,429 shares of the bank’s stock worth $2,383,000 after acquiring an additional 5,860 shares in the last quarter. Finally, Stockman Wealth Management Inc. increased its position in Eagle Bancorp Montana by 10.3% during the 4th quarter. Stockman Wealth Management Inc. now owns 25,179 shares of the bank’s stock valued at $407,000 after buying an additional 2,346 shares in the last quarter. 37.10% of the stock is owned by hedge funds and other institutional investors.

NASDAQ EBMT traded down $0.42 on Friday, hitting $16.94. The company’s stock had a trading volume of 2,397 shares, compared to its average volume of 4,643. Eagle Bancorp Montana has a 52-week low of $14.20 and a 52-week high of $21.25. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a market cap of $111.76 million, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 1.07 and a beta of 0.47.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings data on Tuesday, January 29th. The bank reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. Eagle Bancorp Montana had a return on equity of 6.34% and a net margin of 10.34%. The business had revenue of $11.41 million during the quarter, compared to analysts’ expectations of $11.13 million. Sell-side analysts predict that Eagle Bancorp Montana will post 1.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 8th were given a $0.093 dividend. This represents a $0.37 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, February 7th. Eagle Bancorp Montana’s dividend payout ratio is currently 34.58%.

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 offers one-to-four family residential mortgage loans; commercial real estate loans; real estate construction loans; home equity loans; commercial business loans consisting of business loans and lines of credit on a secured and unsecured basis; and consumer loans comprising loans that are secured by collateral other than real estate, such as automobiles, recreational vehicles, and boats.

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