Eagle Bancorp Montana, Inc. (EBMT) Given Consensus Recommendation of “Strong Buy” by Analysts
Shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus target price of $23.00 for the company and are expecting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Eagle Bancorp Montana an industry rank of 92 out of 265 based on the ratings given to its competitors.
A number of brokerages have weighed in on EBMT. Zacks Investment Research lowered Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 18th. TheStreet lowered Eagle Bancorp Montana from a “c-” rating to a “d” rating in a research note on Monday, July 24th.
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Several large investors have recently made changes to their positions in the company. Naples Global Advisors LLC boosted its stake in shares of Eagle Bancorp Montana by 0.5% during the 2nd quarter. Naples Global Advisors LLC now owns 20,150 shares of the bank’s stock worth $365,000 after acquiring an additional 100 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Eagle Bancorp Montana by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,873 shares of the bank’s stock worth $848,000 after acquiring an additional 1,723 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Eagle Bancorp Montana by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 201,960 shares of the bank’s stock worth $3,655,000 after acquiring an additional 4,395 shares in the last quarter. Context BH Capital Management LP boosted its stake in shares of Eagle Bancorp Montana by 43.7% during the 2nd quarter. Context BH Capital Management LP now owns 21,851 shares of the bank’s stock worth $396,000 after acquiring an additional 6,649 shares in the last quarter. Finally, Glacier Peak Capital LLC boosted its stake in shares of Eagle Bancorp Montana by 2.2% during the 2nd quarter. Glacier Peak Capital LLC now owns 376,646 shares of the bank’s stock worth $6,817,000 after acquiring an additional 8,178 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of Eagle Bancorp Montana (NASDAQ:EBMT) traded down $0.01 on Thursday, reaching $19.80. The company’s stock had a trading volume of 1,724 shares, compared to its average volume of 14,720. Eagle Bancorp Montana has a 52 week low of $15.20 and a 52 week high of $24.00. The firm has a market cap of $96.50, a P/E ratio of 14.81, a PEG ratio of 1.61 and a beta of 0.36. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.02 and a quick ratio of 0.99.
Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Monday, October 23rd. The bank reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.11. Eagle Bancorp Montana had a return on equity of 8.55% and a net margin of 11.85%. The company had revenue of $10.15 million for the quarter, compared to analyst estimates of $10.00 million. research analysts anticipate that Eagle Bancorp Montana will post 1.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Saturday, November 11th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, November 9th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 27.91%.
Eagle Bancorp Montana announced that its Board of Directors has approved a stock buyback program on Friday, July 21st that permits the company to buyback 100,000 outstanding shares. This buyback authorization permits the bank to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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