Eagle Bancorp Montana (EBMT) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Eagle Bancorp operates as a holding company for American Federal Savings Bank that provides retail banking services in the south central portion of Montana. The company offers various deposit and loan products and services. The Bank is a federally chartered savings bank, engaging in typical banking activities: acquiring deposits from local markets and investing in loans and investment securities. Eagle Bancorp also offers real estate construction loans; consumer loans comprising auto loans, RV loans, boat loans, personal loans and credit lines, and deposit account loans; and commercial loans. Headquartered in Helena, Montana, the Company’s mission is to efficiently increase value for its customers, shareholders, employees and communities. “

EBMT has been the subject of a number of other reports. Stephens downgraded shares of Eagle Bancorp Montana from an overweight rating to an equal weight rating in a report on Wednesday, March 6th. ValuEngine lowered shares of Eagle Bancorp Montana from a hold rating to a sell rating in a research note on Tuesday, April 9th.

EBMT opened at $16.86 on Thursday. The firm has a market capitalization of $107.36 million, a P/E ratio of 15.76, a P/E/G ratio of 1.03 and a beta of 0.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.99. Eagle Bancorp Montana has a 12-month low of $14.20 and a 12-month high of $19.85.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Tuesday, April 23rd. The bank reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $13.32 million for the quarter, compared to analysts’ expectations of $12.60 million. Eagle Bancorp Montana had a net margin of 10.63% and a return on equity of 7.36%. As a group, equities research analysts anticipate that Eagle Bancorp Montana will post 1.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.0925 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.37 annualized dividend and a yield of 2.19%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 34.58%.

Several institutional investors have recently made changes to their positions in the company. Context BH Capital Management LP lifted its position in Eagle Bancorp Montana by 63.9% in the fourth quarter. Context BH Capital Management LP now owns 62,789 shares of the bank’s stock worth $1,036,000 after purchasing an additional 24,480 shares during the period. B. Riley Financial Inc. acquired a new stake in Eagle Bancorp Montana in the fourth quarter worth about $216,000. Thomson Horstmann & Bryant Inc. increased its position in Eagle Bancorp Montana by 4.2% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 144,429 shares of the bank’s stock worth $2,383,000 after purchasing an additional 5,860 shares during the period. Naples Global Advisors LLC increased its position in Eagle Bancorp Montana by 13.1% in the fourth quarter. Naples Global Advisors LLC now owns 27,475 shares of the bank’s stock worth $464,000 after purchasing an additional 3,175 shares during the period. Finally, Penn Capital Management Co. Inc. grew its position in shares of Eagle Bancorp Montana by 5.6% during the 4th quarter. Penn Capital Management Co. Inc. now owns 55,442 shares of the bank’s stock worth $915,000 after buying an additional 2,947 shares during the period. Institutional investors and hedge funds own 35.95% 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 in Montana. The company accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.

Further Reading: Growth and Income Funds

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