Eagle Bancorp Montana (NASDAQ:EBMT) Now Covered by Analysts at Hovde Group

Hovde Group started coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT) in a research report released on Monday, StockNewsAPI reports. The firm issued a market perform rating and a $14.00 target price on the bank’s stock.

Separately, StockNews.com assumed coverage on Eagle Bancorp Montana in a report on Thursday, December 28th. They issued a hold rating for the company.

Eagle Bancorp Montana Price Performance

EBMT opened at $12.55 on Monday. The company has a market capitalization of $100.65 million, a P/E ratio of 9.65 and a beta of 0.53. The company has a 50-day moving average of $12.85 and a 200-day moving average of $13.15. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.90 and a current ratio of 0.91. Eagle Bancorp Montana has a 1-year low of $11.26 and a 1-year high of $17.65.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.05). Eagle Bancorp Montana had a net margin of 8.80% and a return on equity of 6.17%. The firm had revenue of $30.35 million during the quarter, compared to the consensus estimate of $22.10 million. Equities analysts expect that Eagle Bancorp Montana will post 1.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EBMT. John G Ullman & Associates Inc. lifted its holdings in Eagle Bancorp Montana by 5.7% in the third quarter. John G Ullman & Associates Inc. now owns 20,556 shares of the bank’s stock worth $243,000 after acquiring an additional 1,109 shares during the last quarter. TNF LLC raised its position in shares of Eagle Bancorp Montana by 4.2% during the 4th quarter. TNF LLC now owns 37,868 shares of the bank’s stock worth $564,000 after purchasing an additional 1,539 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Eagle Bancorp Montana in the 3rd quarter worth approximately $565,000. Finally, Brandes Investment Partners LP boosted its position in Eagle Bancorp Montana by 23.5% during the 3rd quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank’s stock valued at $1,164,000 after purchasing an additional 18,741 shares during the period. 35.66% of the stock is owned by institutional investors and hedge funds.

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.