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

Equities research analysts at StockNews.com began coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Hovde Group initiated coverage on shares of Eagle Bancorp Montana in a report on Friday, July 5th. They issued a “market perform” rating and a $13.50 price objective for the company.

Eagle Bancorp Montana Stock Performance

Eagle Bancorp Montana stock opened at $14.57 on Monday. Eagle Bancorp Montana has a fifty-two week low of $11.26 and a fifty-two week high of $17.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $116.85 million, a P/E ratio of 13.01 and a beta of 0.54. The firm’s fifty day moving average price is $13.40 and its 200-day moving average price is $13.29.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The firm had revenue of $30.09 million for the quarter, compared to analysts’ expectations of $20.50 million. Eagle Bancorp Montana had a net margin of 7.06% and a return on equity of 5.11%. On average, equities research analysts expect that Eagle Bancorp Montana will post 1.18 earnings per share for the current fiscal year.

Insider Activity at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $12.98, for a total value of $129,800.00. Following the transaction, the director now directly owns 156,039 shares of the company’s stock, valued at approximately $2,025,386.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $12.98, for a total value of $129,800.00. Following the sale, the director now owns 156,039 shares of the company’s stock, valued at approximately $2,025,386.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter Joseph Johnson sold 2,954 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $13.21, for a total transaction of $39,022.34. Following the transaction, the director now directly owns 71,139 shares of the company’s stock, valued at $939,746.19. The disclosure for this sale can be found here. Insiders sold 14,405 shares of company stock worth $187,859 in the last ninety days. 6.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its position in shares of Eagle Bancorp Montana by 7.6% during the first quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock valued at $256,000 after buying an additional 1,400 shares during the period. John G Ullman & Associates Inc. lifted its stake in shares of Eagle Bancorp Montana by 23.5% in the 4th quarter. John G Ullman & Associates Inc. now owns 25,392 shares of the bank’s stock valued at $401,000 after purchasing an additional 4,836 shares during the period. TNF LLC boosted its position in shares of Eagle Bancorp Montana by 4.2% during the fourth quarter. TNF LLC now owns 37,868 shares of the bank’s stock valued at $564,000 after purchasing an additional 1,539 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Eagle Bancorp Montana by 0.3% during the first quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock valued at $4,638,000 after purchasing an additional 1,075 shares in the last quarter. 35.66% of the stock is owned by hedge funds and other institutional investors.

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.