Eagle Bancorp Montana (NASDAQ:EBMT) Earns Market Perform Rating from Analysts at Hovde Group

Hovde Group initiated coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research note published on Friday, StockNewsAPI reports. The brokerage issued a market perform rating and a $13.50 target price on the bank’s stock.

Separately, StockNews.com initiated coverage on shares of Eagle Bancorp Montana in a report on Friday. They set a hold rating for the company.

Eagle Bancorp Montana Stock Down 0.4 %

EBMT opened at $12.85 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average price of $13.05 and a 200-day moving average price of $13.42. Eagle Bancorp Montana has a twelve month low of $11.26 and a twelve month high of $17.65. The stock has a market capitalization of $103.06 million, a price-to-earnings ratio of 11.47 and a beta of 0.54.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). Eagle Bancorp Montana had a net margin of 7.39% and a return on equity of 5.29%. The company had revenue of $19.17 million for the quarter, compared to analysts’ expectations of $22.50 million. Equities research analysts forecast that Eagle Bancorp Montana will post 1.27 earnings per share for the current year.

Eagle Bancorp Montana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.56 dividend on an annualized basis and a yield of 4.36%. Eagle Bancorp Montana’s dividend payout ratio is currently 50.00%.

Insider Buying and Selling at Eagle Bancorp Montana

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

Hedge Funds Weigh In On Eagle Bancorp Montana

Hedge funds and other institutional investors have recently modified their holdings of the stock. John G Ullman & Associates Inc. boosted its position in shares of Eagle Bancorp Montana by 23.5% during the fourth quarter. John G Ullman & Associates Inc. now owns 25,392 shares of the bank’s stock worth $401,000 after acquiring an additional 4,836 shares during the last quarter. 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 worth $564,000 after acquiring an additional 1,539 shares during the last quarter. 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 worth $4,638,000 after acquiring an additional 1,075 shares during the last quarter. Finally, Empowered Funds LLC boosted 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 worth $256,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors 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.