Eagle Bancorp Montana (NASDAQ:EBMT) Research Coverage Started at Hovde Group

Hovde Group initiated coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a note issued to investors on Monday. The brokerage set a “market perform” rating and a $14.00 price target on the bank’s stock. Hovde Group’s target price indicates a potential upside of 10.41% from the stock’s current price.

Separately, StockNews.com initiated coverage on Eagle Bancorp Montana in a report on Thursday, December 28th. They issued a “hold” rating on the stock.

Eagle Bancorp Montana Stock Up 1.5 %

Shares of NASDAQ EBMT traded up $0.19 during mid-day trading on Monday, hitting $12.68. The company had a trading volume of 679 shares, compared to its average volume of 9,778. The company has a market capitalization of $101.69 million, a PE ratio of 9.75 and a beta of 0.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.90. Eagle Bancorp Montana has a 1-year low of $11.26 and a 1-year high of $17.65. The business’s 50-day simple moving average is $12.87 and its 200 day simple moving average is $13.14.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.05). The business had revenue of $30.35 million during the quarter, compared to analysts’ expectations of $22.10 million. Eagle Bancorp Montana had a net margin of 8.80% and a return on equity of 6.17%. On average, analysts predict that Eagle Bancorp Montana will post 1.8 earnings per share for the current year.

Institutional Investors Weigh In On Eagle Bancorp Montana

A number of hedge funds have recently added to or reduced their stakes in EBMT. John G Ullman & Associates Inc. lifted its position in shares of Eagle Bancorp Montana by 5.7% during the 3rd quarter. John G Ullman & Associates Inc. now owns 20,556 shares of the bank’s stock valued at $243,000 after acquiring an additional 1,109 shares during the period. TNF LLC raised its position in shares of Eagle Bancorp Montana by 4.2% during the 4th quarter. TNF LLC now owns 37,868 shares of the bank’s stock worth $564,000 after purchasing an additional 1,539 shares during the last quarter. Brandes Investment Partners LP raised its position in shares of Eagle Bancorp Montana by 23.5% during the 3rd quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank’s stock worth $1,164,000 after purchasing an additional 18,741 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Eagle Bancorp Montana during the 3rd quarter worth approximately $565,000. Institutional investors and hedge funds own 35.66% 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 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.