Eagle Bancorp Montana (NASDAQ:EBMT) Raised to Buy at StockNews.com

Eagle Bancorp Montana (NASDAQ:EBMT) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Eagle Bancorp Montana Stock Up 1.7 %

Shares of NASDAQ EBMT opened at $15.25 on Wednesday. The company has a market cap of $122.31 million, a price-to-earnings ratio of 14.12 and a beta of 0.53. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57. Eagle Bancorp Montana has a 12 month low of $12.32 and a 12 month high of $17.62. The stock has a 50-day moving average price of $15.85 and a two-hundred day moving average price of $15.53.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Tuesday, January 28th. The bank reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 4.96%. As a group, analysts forecast that Eagle Bancorp Montana will post 1.1 earnings per share for the current fiscal year.

Insider Activity

In other Eagle Bancorp Montana news, Director Peter Joseph Johnson sold 5,000 shares of Eagle Bancorp Montana stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $16.97, for a total transaction of $84,850.00. Following the transaction, the director now directly owns 57,838 shares of the company’s stock, valued at approximately $981,510.86. The trade was a 7.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is currently owned by insiders.

Institutional Trading of Eagle Bancorp Montana

Several institutional investors have recently added to or reduced their stakes in EBMT. Fourthstone LLC lifted its position in shares of Eagle Bancorp Montana by 1.1% in the 3rd quarter. Fourthstone LLC now owns 520,663 shares of the bank’s stock worth $8,221,000 after purchasing an additional 5,898 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Eagle Bancorp Montana by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock valued at $1,236,000 after buying an additional 2,937 shares during the period. Geode Capital Management LLC grew its holdings in Eagle Bancorp Montana by 17.5% during the 3rd quarter. Geode Capital Management LLC now owns 77,133 shares of the bank’s stock worth $1,218,000 after acquiring an additional 11,490 shares during the period. John G Ullman & Associates Inc. raised its position in shares of Eagle Bancorp Montana by 13.4% in the 3rd quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock worth $988,000 after acquiring an additional 7,382 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Eagle Bancorp Montana by 3.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank’s stock valued at $701,000 after purchasing an additional 1,699 shares during the period. 35.66% of the stock is currently owned by 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.