Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, July 26th.

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. “

Eagle Bancorp Montana (NASDAQ:EBMT) traded up 0.5640% during midday trading on Wednesday, reaching $18.1518. 12,024 shares of the company’s stock were exchanged. Eagle Bancorp Montana has a 12 month low of $13.55 and a 12 month high of $24.00. The firm has a 50 day moving average of $18.22 and a 200-day moving average of $19.09. The stock has a market cap of $69.18 million, a PE ratio of 13.9629 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Friday, July 21st. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.38 by $0.11. The business had revenue of $9.45 million for the quarter, compared to analysts’ expectations of $9.60 million. Eagle Bancorp Montana had a return on equity of 8.36% and a net margin of 12.06%. On average, equities research analysts predict that Eagle Bancorp Montana will post $1.22 earnings per share for the current year.

Eagle Bancorp Montana declared that its Board of Directors has approved a stock repurchase program on Friday, July 21st that permits the company to repurchase 100,000 outstanding shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Several hedge funds and other institutional investors have recently modified their holdings of EBMT. Renaissance Technologies LLC purchased a new position in shares of Eagle Bancorp Montana during the fourth quarter valued at approximately $348,000. Naples Global Advisors LLC increased its position in shares of Eagle Bancorp Montana by 0.5% in the first quarter. Naples Global Advisors LLC now owns 20,050 shares of the bank’s stock valued at $399,000 after buying an additional 100 shares during the last quarter. Context BH Capital Management LP purchased a new position in shares of Eagle Bancorp Montana during the first quarter valued at approximately $303,000. Spark Investment Management LLC purchased a new position in shares of Eagle Bancorp Montana during the first quarter valued at approximately $202,000. Finally, Stockman Wealth Management Inc. increased its position in shares of Eagle Bancorp Montana by 8.7% in the first quarter. Stockman Wealth Management Inc. now owns 16,283 shares of the bank’s stock valued at $324,000 after buying an additional 1,300 shares during the last quarter. 30.05% of the stock is currently owned by institutional investors.

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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