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

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. “

Separately, TheStreet lowered shares of Eagle Bancorp Montana from a “c-” rating to a “d” rating in a report on Monday, July 24th.

Shares of Eagle Bancorp Montana (NASDAQ EBMT) traded up 0.56% during midday trading on Tuesday, hitting $18.05. 3,173 shares of the stock were exchanged. The firm has a market cap of $68.79 million, a PE ratio of 13.88 and a beta of 0.36. The firm’s 50-day moving average is $18.04 and its 200 day moving average is $18.72. Eagle Bancorp Montana has a 52-week low of $14.20 and a 52-week high of $24.00.

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

Eagle Bancorp Montana declared that its board has authorized a share repurchase plan on Friday, July 21st that allows the company to repurchase 100,000 shares. This repurchase authorization allows the bank to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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Several hedge funds have recently bought and sold shares of EBMT. Spark Investment Management LLC purchased a new position in shares of Eagle Bancorp Montana in the first quarter valued at $202,000. Stockman Wealth Management Inc. grew its holdings 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 purchasing an additional 1,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Eagle Bancorp Montana by 76.8% in the first quarter. Dimensional Fund Advisors LP now owns 26,696 shares of the bank’s stock worth $538,000 after buying an additional 11,593 shares during the last quarter. US Bancorp DE bought a new stake in Eagle Bancorp Montana in the second quarter worth $251,000. Finally, Naples Global Advisors LLC lifted its position in Eagle Bancorp Montana by 0.5% in the second quarter. Naples Global Advisors LLC now owns 20,150 shares of the bank’s stock worth $365,000 after buying an additional 100 shares during the last quarter. 31.47% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Montana Company Profile

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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