Zacks: Brokerages Set $23.50 Price Target for Eagle Bancorp Montana Inc (EBMT)

Shares of Eagle Bancorp Montana Inc (NASDAQ:EBMT) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus target price of $23.50 for the company and are forecasting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned Eagle Bancorp Montana an industry rank of 6 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st.

Several hedge funds and other institutional investors have recently made changes to their positions in EBMT. Maltese Capital Management LLC purchased a new position in shares of Eagle Bancorp Montana in the 4th quarter worth approximately $3,666,000. Thomson Horstmann & Bryant Inc. purchased a new position in shares of Eagle Bancorp Montana in the 4th quarter worth approximately $2,034,000. Deprince Race & Zollo Inc. boosted its stake in shares of Eagle Bancorp Montana by 20.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 232,781 shares of the bank’s stock worth $4,877,000 after buying an additional 39,142 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Eagle Bancorp Montana by 14.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 232,747 shares of the bank’s stock worth $4,876,000 after buying an additional 30,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Eagle Bancorp Montana by 44.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,500 shares of the bank’s stock worth $697,000 after buying an additional 11,804 shares during the last quarter. Hedge funds and other institutional investors own 29.23% of the company’s stock.

Shares of Eagle Bancorp Montana (NASDAQ:EBMT) traded down $0.30 during midday trading on Thursday, hitting $19.95. The stock had a trading volume of 3,243 shares, compared to its average volume of 3,583. Eagle Bancorp Montana has a 12-month low of $17.35 and a 12-month high of $21.95. The stock has a market cap of $101.28, a P/E ratio of 19.37, a PEG ratio of 1.24 and a beta of 0.33. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.99 and a quick ratio of 0.97.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its earnings results on Monday, January 29th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Eagle Bancorp Montana had a return on equity of 8.73% and a net margin of 9.73%. The firm had revenue of $9.81 million for the quarter, compared to the consensus estimate of $9.85 million. research analysts expect that Eagle Bancorp Montana will post 1.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be paid a $0.09 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.80%. Eagle Bancorp Montana’s payout ratio is presently 34.95%.

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About Eagle Bancorp Montana

Eagle Bancorp Montana, Inc is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank.

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