Eagle Bancorp Montana (NASDAQ:EBMT) Rating Increased to Sell at ValuEngine

Eagle Bancorp Montana (NASDAQ:EBMT) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Thursday, ValuEngine reports.

Separately, Zacks Investment Research raised Eagle Bancorp Montana from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research report on Friday, July 26th.

Shares of NASDAQ:EBMT opened at $16.91 on Thursday. The company has a market cap of $110.14 million, a P/E ratio of 11.47 and a beta of 0.50. The stock’s 50-day moving average is $16.77 and its 200-day moving average is $16.79. Eagle Bancorp Montana has a 52-week low of $14.20 and a 52-week high of $18.28. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.00 and a current ratio of 1.03.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.12. The company had revenue of $15.20 million for the quarter, compared to the consensus estimate of $13.45 million. Eagle Bancorp Montana had a return on equity of 8.68% and a net margin of 13.02%. As a group, equities analysts predict that Eagle Bancorp Montana will post 1.77 EPS for the current year.

In other Eagle Bancorp Montana news, Director Shavon Cape purchased 3,790 shares of the stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of $17.30 per share, with a total value of $65,567.00. Following the completion of the transaction, the director now owns 7,145 shares in the company, valued at approximately $123,608.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.50% of the company’s stock.

Several large investors have recently modified their holdings of EBMT. Naples Global Advisors LLC acquired a new stake in shares of Eagle Bancorp Montana in the second quarter valued at about $471,000. Wells Fargo & Company MN grew its position in shares of Eagle Bancorp Montana by 261.4% in the second quarter. Wells Fargo & Company MN now owns 3,303 shares of the bank’s stock valued at $55,000 after purchasing an additional 2,389 shares during the last quarter. Stockman Wealth Management Inc. grew its position in shares of Eagle Bancorp Montana by 4.1% in the second quarter. Stockman Wealth Management Inc. now owns 26,763 shares of the bank’s stock valued at $444,000 after purchasing an additional 1,050 shares during the last quarter. Context BH Capital Management LP grew its position in shares of Eagle Bancorp Montana by 1.0% in the second quarter. Context BH Capital Management LP now owns 63,400 shares of the bank’s stock valued at $1,052,000 after purchasing an additional 611 shares during the last quarter. Finally, Jacobs Asset Management LLC grew its position in shares of Eagle Bancorp Montana by 7.2% in the second quarter. Jacobs Asset Management LLC now owns 236,424 shares of the bank’s stock valued at $3,925,000 after purchasing an additional 15,778 shares during the last quarter. 36.30% of the stock is currently owned by institutional investors.

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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