StockNews.com Initiates Coverage on Eagle Bancorp Montana (NASDAQ:EBMT)

StockNews.com started coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMTGet Rating) in a research report sent to investors on Monday morning. The brokerage issued a hold rating on the bank’s stock.

Several other equities research analysts have also issued reports on EBMT. DA Davidson lowered their target price on shares of Eagle Bancorp Montana to $21.00 and set an outperform rating on the stock in a research note on Wednesday, July 27th. Janney Montgomery Scott downgraded shares of Eagle Bancorp Montana from a buy rating to a neutral rating in a research report on Thursday, October 27th.

Eagle Bancorp Montana Trading Up 2.1 %

EBMT stock opened at $18.84 on Monday. The company’s 50-day simple moving average is $18.89 and its 200-day simple moving average is $19.28. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.49. Eagle Bancorp Montana has a 52-week low of $18.00 and a 52-week high of $24.74. The firm has a market cap of $150.34 million, a P/E ratio of 15.44 and a beta of 0.52.

Eagle Bancorp Montana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 10th will be given a dividend of $0.138 per share. The ex-dividend date is Wednesday, November 9th. This represents a $0.55 annualized dividend and a dividend yield of 2.93%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 45.08%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EBMT. UBS Group AG raised its holdings in Eagle Bancorp Montana by 269.5% in the 3rd quarter. UBS Group AG now owns 1,371 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,000 shares during the last quarter. Brandes Investment Partners LP raised its holdings in Eagle Bancorp Montana by 35.6% in the 1st quarter. Brandes Investment Partners LP now owns 12,231 shares of the bank’s stock valued at $273,000 after acquiring an additional 3,210 shares during the last quarter. Stockman Wealth Management Inc. raised its holdings in Eagle Bancorp Montana by 24.1% in the 2nd quarter. Stockman Wealth Management Inc. now owns 15,514 shares of the bank’s stock valued at $309,000 after acquiring an additional 3,011 shares during the last quarter. State Street Corp raised its holdings in Eagle Bancorp Montana by 8.3% in the 1st quarter. State Street Corp now owns 14,471 shares of the bank’s stock valued at $323,000 after acquiring an additional 1,107 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Eagle Bancorp Montana by 7.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,926 shares of the bank’s stock valued at $333,000 after acquiring an additional 970 shares during the last quarter. Institutional investors and hedge funds own 32.52% of the company’s stock.

Eagle Bancorp Montana Company Profile

(Get Rating)

Eagle Bancorp Montana, Inc operates as the bank holding company for Opportunity Bank of Montana that provides various retail banking products and services to small businesses and individuals in Montana. It accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.

Featured Stories

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.