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 analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price objective of $20.50 for the company and are expecting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given Eagle Bancorp Montana an industry rank of 197 out of 256 based on the ratings given to related companies.

Several equities research analysts recently commented on EBMT shares. Zacks Investment Research cut Home Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

NASDAQ:EBMT traded up $0.08 on Friday, hitting $16.68. 101 shares of the company’s stock traded hands, compared to its average volume of 2,308. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.99. Eagle Bancorp Montana has a 1 year low of $14.20 and a 1 year high of $19.35. The firm’s 50-day simple moving average is $16.51. The firm has a market capitalization of $106.30 million, a P/E ratio of 15.59, a PEG ratio of 1.02 and a beta of 0.45.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake 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 valued at $803,000 after buying an additional 600 shares in the last quarter. Penn Capital Management Co. Inc. grew its stake in shares of Eagle Bancorp Montana by 3.3% in the 1st quarter. Penn Capital Management Co. Inc. now owns 57,244 shares of the bank’s stock valued at $970,000 after buying an additional 1,802 shares in the last quarter. Thomson Horstmann & Bryant Inc. grew its stake 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 valued at $2,383,000 after buying an additional 5,860 shares in the last quarter. Context BH Capital Management LP grew its stake 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 valued at $1,036,000 after buying an additional 24,480 shares in the last quarter. Finally, Naples Global Advisors LLC bought a new stake in shares of Eagle Bancorp Montana in the 2nd quarter valued at approximately $471,000. 35.95% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Story: How are dividend achievers different from dividend aristocrats?

Get a free copy of the Zacks research report on Eagle Bancorp Montana (EBMT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Eagle Bancorp Montana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bancorp Montana and related companies with MarketBeat.com's FREE daily email newsletter.