Eagle Bancorp Montana (NASDAQ:EBMT) Cut to “Hold” at Zacks Research

Eagle Bancorp Montana (NASDAQ:EBMT) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Eagle Bancorp Montana in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Eagle Bancorp Montana Price Performance

EBMT opened at $19.95 on Monday. The company has a market capitalization of $158.60 million, a P/E ratio of 11.60 and a beta of 0.34. The company has a 50-day moving average of $17.52 and a 200-day moving average of $17.11. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.89. Eagle Bancorp Montana has a 1-year low of $14.35 and a 1-year high of $20.22.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, October 28th. The bank reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $23.41 million for the quarter, compared to analysts’ expectations of $18.19 million. Eagle Bancorp Montana had a net margin of 10.76% and a return on equity of 7.53%. Equities analysts expect that Eagle Bancorp Montana will post 1.61 EPS for the current fiscal year.

Institutional Trading of Eagle Bancorp Montana

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in shares of Eagle Bancorp Montana by 127.4% during the first quarter. Goldman Sachs Group Inc. now owns 31,256 shares of the bank’s stock worth $524,000 after acquiring an additional 17,509 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Eagle Bancorp Montana in the 2nd quarter valued at about $751,000. Farther Finance Advisors LLC lifted its position in Eagle Bancorp Montana by 56.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 6,241 shares of the bank’s stock valued at $104,000 after purchasing an additional 2,241 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Eagle Bancorp Montana by 90.3% during the 2nd quarter. Ritholtz Wealth Management now owns 68,055 shares of the bank’s stock valued at $1,134,000 after purchasing an additional 32,286 shares during the period. Finally, Allied Investment Advisors LLC acquired a new position in Eagle Bancorp Montana during the 2nd quarter valued at about $530,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.