Analysts Expect Eagle Bancorp Montana Inc (EBMT) to Announce $0.32 EPS

Eagle Bancorp Montana Inc (NASDAQ:EBMT) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $20.50 for the company and are forecasting 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 87 out of 255 based on the ratings given to its competitors.

EBMT has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Eagle Bancorp Montana from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. ValuEngine downgraded shares of Eagle Bancorp Montana from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Stephens downgraded shares of Eagle Bancorp Montana from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th.

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $17.87, for a total value of $89,350.00. Following the transaction, the director now directly owns 269,510 shares of the company’s stock, valued at approximately $4,816,143.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 8.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Context BH Capital Management LP increased its holdings in 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 buying an additional 24,480 shares in the last quarter. B. Riley Financial Inc. purchased a new position in shares of Eagle Bancorp Montana during the 4th quarter worth $216,000. Thomson Horstmann & Bryant Inc. lifted its stake in shares of Eagle Bancorp Montana by 4.2% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 144,429 shares of the bank’s stock worth $2,383,000 after purchasing an additional 5,860 shares during the period. Naples Global Advisors LLC lifted its stake in shares of Eagle Bancorp Montana by 13.1% during the 4th quarter. Naples Global Advisors LLC now owns 27,475 shares of the bank’s stock worth $464,000 after purchasing an additional 3,175 shares during the period. Finally, Penn Capital Management Co. Inc. lifted its stake in shares of Eagle Bancorp Montana by 5.6% during the 4th quarter. Penn Capital Management Co. Inc. now owns 55,442 shares of the bank’s stock worth $915,000 after purchasing an additional 2,947 shares during the period. 37.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EBMT traded up $0.15 on Friday, reaching $17.27. The stock had a trading volume of 1,578 shares, compared to its average volume of 6,298. The stock has a market cap of $110.15 million, a P/E ratio of 16.14, a P/E/G ratio of 1.05 and a beta of 0.46. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.00 and a quick ratio of 0.99. Eagle Bancorp Montana has a twelve month low of $14.20 and a twelve month high of $20.95.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, January 29th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $11.41 million during the quarter, compared to the consensus estimate of $11.13 million. Research analysts expect that Eagle Bancorp Montana will post 1.63 EPS for the current fiscal year.

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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