Zacks Investment Research upgraded shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) from a strong sell rating to a hold rating in a report issued on Tuesday.
According to Zacks, “Eagle Bancorp operates as a holding company for American Federal Savings Bank that provides retail banking services in the south central portion of Montana. The company offers various deposit and loan products and services. The Bank is a federally chartered savings bank, engaging in typical banking activities: acquiring deposits from local markets and investing in loans and investment securities. Eagle Bancorp also offers real estate construction loans; consumer loans comprising auto loans, RV loans, boat loans, personal loans and credit lines, and deposit account loans; and commercial loans. Headquartered in Helena, Montana, the Company’s mission is to efficiently increase value for its customers, shareholders, employees and communities. “
Separately, TheStreet downgraded Eagle Bancorp Montana from a c- rating to a d rating in a research report on Monday, July 24th.
Shares of Eagle Bancorp Montana (NASDAQ EBMT) opened at 18.05 on Tuesday. The company has a market cap of $68.79 million, a PE ratio of 13.88 and a beta of 0.36. The company has a 50-day moving average of $18.04 and a 200 day moving average of $18.72. Eagle Bancorp Montana has a 12-month low of $14.20 and a 12-month high of $24.00.
Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Friday, July 21st. The bank reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.11). The business had revenue of $9.45 million during the quarter, compared to the consensus estimate of $9.60 million. Eagle Bancorp Montana had a net margin of 12.06% and a return on equity of 8.36%. On average, equities research analysts expect that Eagle Bancorp Montana will post $1.22 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Wednesday, August 9th. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.08. Eagle Bancorp Montana’s dividend payout ratio is 27.69%.
Eagle Bancorp Montana declared that its Board of Directors has approved a stock buyback plan on Friday, July 21st that allows the company to repurchase 100,000 outstanding shares. This repurchase authorization allows the bank to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
A number of institutional investors have recently made changes to their positions in the business. Glacier Peak Capital LLC grew its position in Eagle Bancorp Montana by 2.2% in the 2nd quarter. Glacier Peak Capital LLC now owns 376,646 shares of the bank’s stock valued at $6,817,000 after acquiring an additional 8,178 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Eagle Bancorp Montana by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 201,960 shares of the bank’s stock worth $3,655,000 after buying an additional 4,395 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Eagle Bancorp Montana by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,873 shares of the bank’s stock worth $848,000 after buying an additional 1,723 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Eagle Bancorp Montana by 44.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,500 shares of the bank’s stock worth $697,000 after buying an additional 11,804 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC bought a new position in shares of Eagle Bancorp Montana during the 2nd quarter worth $583,000. 31.47% of the stock is currently owned by institutional investors.
Eagle Bancorp Montana Company Profile
Eagle Bancorp Montana, Inc is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank.
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