Eagle Bancorp Montana (NASDAQ:EBMT) Coverage Initiated by Analysts at Hovde Group

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

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

Eagle Bancorp Montana Stock Up 1.3 %

NASDAQ:EBMT opened at $12.86 on Monday. The firm has a market capitalization of $103.14 million, a PE ratio of 9.89 and a beta of 0.53. The stock has a 50 day moving average of $12.84 and a 200-day moving average of $13.15. Eagle Bancorp Montana has a 52 week low of $11.26 and a 52 week high of $17.65. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.39.

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

Eagle Bancorp Montana Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.35%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is presently 43.08%.

Institutional Trading of Eagle Bancorp Montana

Hedge funds have recently modified their holdings of the business. John G Ullman & Associates Inc. lifted its holdings in shares of Eagle Bancorp Montana by 5.7% during the 3rd quarter. John G Ullman & Associates Inc. now owns 20,556 shares of the bank’s stock valued at $243,000 after buying an additional 1,109 shares during the last quarter. TNF LLC lifted its holdings 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 valued at $564,000 after buying an additional 1,539 shares during the last quarter. Brandes Investment Partners LP lifted its holdings in shares of 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 buying an additional 18,741 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Eagle Bancorp Montana during the 3rd quarter valued at about $565,000. Hedge funds and other institutional investors own 35.66% 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 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.