Zacks: Eagle Bancorp Montana Inc (NASDAQ:EBMT) Given Average Rating of “Strong Buy” by Brokerages

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

Brokerages have set a twelve-month consensus target price of $20.50 for the company and are predicting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Eagle Bancorp Montana an industry rank of 159 out of 256 based on the ratings given to its competitors.

Several research analysts have recently weighed in on EBMT shares. ValuEngine cut shares of Eagle Bancorp Montana from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Zacks Investment Research cut shares of Eagle Bancorp Montana from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Finally, Stephens cut shares of Eagle Bancorp Montana from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th.

Several institutional investors have recently added to or reduced their stakes in EBMT. Dimensional Fund Advisors LP boosted its holdings in Eagle Bancorp Montana by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 49,689 shares of the bank’s stock worth $803,000 after purchasing an additional 600 shares during the last quarter. Penn Capital Management Co. Inc. boosted its holdings in Eagle Bancorp Montana by 3.3% during the first quarter. Penn Capital Management Co. Inc. now owns 57,244 shares of the bank’s stock worth $970,000 after purchasing an additional 1,802 shares during the last quarter. Stockman Wealth Management Inc. boosted its holdings in Eagle Bancorp Montana by 10.3% during the fourth quarter. Stockman Wealth Management Inc. now owns 25,179 shares of the bank’s stock worth $407,000 after purchasing an additional 2,346 shares during the last quarter. Thomson Horstmann & Bryant Inc. boosted its holdings in Eagle Bancorp Montana by 4.2% during the fourth 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 last quarter. Finally, Context BH Capital Management LP boosted its holdings in Eagle Bancorp Montana by 63.9% during the fourth quarter. Context BH Capital Management LP now owns 62,789 shares of the bank’s stock worth $1,036,000 after purchasing an additional 24,480 shares during the last quarter. Institutional investors own 35.95% of the company’s stock.

NASDAQ:EBMT traded down $0.21 during trading hours on Friday, hitting $16.60. The stock had a trading volume of 2,375 shares, compared to its average volume of 3,695. The stock has a market cap of $107.65 million, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 1.03 and a beta of 0.47. Eagle Bancorp Montana has a one year low of $14.20 and a one year high of $19.35. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.99. The firm has a 50 day moving average price of $16.63.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $13.32 million during the quarter, compared to analysts’ expectations of $12.60 million. Eagle Bancorp Montana had a net margin of 10.63% and a return on equity of 7.36%. As a group, sell-side analysts expect that Eagle Bancorp Montana will post 1.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a $0.0925 dividend. This represents a $0.37 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, May 16th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 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 accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.

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