Eagle Bancorp Montana (NASDAQ:EBMT) Downgraded to “Hold” Rating by StockNews.com

Eagle Bancorp Montana (NASDAQ:EBMT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Eagle Bancorp Montana Trading Down 0.8 %

NASDAQ:EBMT opened at $16.50 on Wednesday. Eagle Bancorp Montana has a 12-month low of $11.81 and a 12-month high of $17.65. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57. The firm has a market cap of $132.33 million, a PE ratio of 15.28 and a beta of 0.52. The stock has a fifty day moving average price of $16.21 and a 200 day moving average price of $14.54.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Eagle Bancorp Montana had a return on equity of 4.96% and a net margin of 7.03%. The company had revenue of $31.74 million for the quarter, compared to analysts’ expectations of $20.60 million. Sell-side analysts anticipate that Eagle Bancorp Montana will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Eagle Bancorp Montana

In other news, Director Kenneth M. Walsh sold 6,705 shares of Eagle Bancorp Montana stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $16.44, for a total transaction of $110,230.20. Following the sale, the director now owns 141,033 shares in the company, valued at approximately $2,318,582.52. The trade was a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Joseph Johnson sold 7,374 shares of Eagle Bancorp Montana stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $14.28, for a total value of $105,300.72. Following the sale, the director now owns 61,139 shares in the company, valued at $873,064.92. This trade represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,169 shares of company stock worth $234,061 over the last ninety days. Corporate insiders own 6.70% of the company’s stock.

Institutional Trading of Eagle Bancorp Montana

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC increased its position in shares of Eagle Bancorp Montana by 25.8% during the third quarter. Barclays PLC now owns 10,567 shares of the bank’s stock worth $167,000 after purchasing an additional 2,165 shares in the last quarter. State Street Corp grew its holdings in shares of Eagle Bancorp Montana by 5.9% during the third quarter. State Street Corp now owns 17,838 shares of the bank’s stock worth $282,000 after buying an additional 1,000 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Eagle Bancorp Montana by 5.0% during the third quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock worth $354,000 after buying an additional 1,072 shares during the last quarter. John G Ullman & Associates Inc. grew its holdings in shares of Eagle Bancorp Montana by 13.4% during the third quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock worth $988,000 after buying an additional 7,382 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Eagle Bancorp Montana by 17.5% during the third quarter. Geode Capital Management LLC now owns 77,133 shares of the bank’s stock worth $1,218,000 after buying an additional 11,490 shares during the last quarter. Institutional investors and hedge funds own 35.66% of the company’s stock.

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 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.