Eagle Bancorp Montana Inc (NASDAQ:EBMT) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price objective of $20.50 for the company and are expecting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Eagle Bancorp Montana an industry rank of 160 out of 257 based on the ratings given to its competitors.
Several research analysts have commented on the company. TheStreet raised Eagle Bancorp Montana from a “c+” rating to a “b” rating in a research report on Wednesday, October 31st. Zacks Investment Research lowered Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 23rd.
Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The company had revenue of $11.24 million for the quarter, compared to analyst estimates of $10.99 million. Eagle Bancorp Montana had a return on equity of 6.19% and a net margin of 8.85%. Equities analysts expect that Eagle Bancorp Montana will post 1.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be given a dividend of $0.0925 per share. This represents a $0.37 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, November 15th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 29.13%.
In related news, Director Rick Hays bought 2,000 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were acquired at an average price of $16.65 per share, with a total value of $33,300.00. Following the completion of the acquisition, the director now owns 27,329 shares in the company, valued at approximately $455,027.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Peter Joseph Johnson bought 1,800 shares of the company’s stock in a transaction dated Wednesday, November 7th. The stock was bought at an average cost of $16.30 per share, for a total transaction of $29,340.00. Following the acquisition, the chief executive officer now owns 89,429 shares of the company’s stock, valued at approximately $1,457,692.70. The disclosure for this purchase can be found here. Insiders own 6.90% of the company’s stock.
An institutional investor recently raised its position in Eagle Bancorp Montana stock. Renaissance Technologies LLC grew its stake in Eagle Bancorp Montana Inc (NASDAQ:EBMT) by 14.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,260 shares of the bank’s stock after purchasing an additional 6,260 shares during the period. Renaissance Technologies LLC owned approximately 0.88% of Eagle Bancorp Montana worth $931,000 at the end of the most recent reporting period. Institutional investors own 42.44% of the company’s stock.
Eagle Bancorp Montana Company Profile
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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