Eagle Bancorp Montana (NASDAQ:EBMT – Get a rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report released Tuesday to clients and investors, Zacks.com reports.
According to Zacks, “Eagle Bancorp operates as a holding company for the American Federal Savings Bank which provides retail banking services in south central Montana. The company offers a variety of deposit and loan products and services. The Bank is a federally chartered savings bank, engaged in typical banking activities: acquiring deposits in local markets and investing in loans and securities.Eagle Bancorp also offers real estate loans for construction; consumer loans including auto loans, RV loans, boat loans, personal loans and lines of credit, and custodial account loans; and business loans. Headquartered in Helena, Montana, the company’s mission is to effectively increasing value for its customers, shareholders, employees and communities.”
Separately, StockNews.com began covering Eagle Bancorp Montana in a report on Sunday. They set a “holding” rating for the company.
Eagle Bancorp Montana stock traded down $0.23 at midday on Tuesday, hitting $19.93. 1,513 shares of the company were traded, against an average volume of 12,038. The company has a market capitalization of $133.43 million, a P/E ratio of 11.72 and a beta of 0.68. Eagle Bancorp Montana has a fifty-two week low of $18.69 and a fifty-two week high of $25.29. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt ratio of 0.41. The company’s 50-day simple moving average is $20.92 and its 200-day simple moving average is $22.04.
Eagle Bancorp Montana (NASDAQ:EBMT – Get Rating) last reported results on Tuesday, April 26. The bank reported earnings per share (EPS) of $0.35 for the quarter, missing analyst consensus estimates of $0.49 per ($0.14). The company posted revenue of $19.99 million for the quarter, versus a consensus estimate of $26.00 million. Eagle Bancorp Montana posted a return on equity of 7.52% and a net margin of 12.04%. Research analysts expect Eagle Bancorp Montana to post EPS of 2.51 for the current year.
Several hedge funds and other institutional investors have recently changed their positions in EBMT. Royal Bank of Canada increased its holdings of Eagle Bancorp Montana shares by 197.1% in the second quarter. Royal Bank of Canada now owns 2,148 shares of the bank valued at $49,000 after acquiring 1,425 more shares last quarter. Advisor Group Holdings Inc. increased its holdings in Eagle Bancorp Montana by 274.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,639 shares of the bank worth $129,000 after purchasing an additional 4,132 shares during the period. Wells Fargo & Company MN increased its stake in Eagle Bancorp Montana by 35.6% during the fourth quarter. Wells Fargo & Company MN now owns 5,996 shares of the bank worth $138,000 after purchasing an additional 1,575 shares during the period. Barclays PLC increased its stake in Eagle Bancorp Montana by 24.1% during the third quarter. Barclays PLC now owns 10,298 shares in the bank worth $229,000 after buying an additional 2,000 shares during the period. Finally, Brandes Investment Partners LP increased its stake in Eagle Bancorp Montana by 35.6% during the first quarter. Brandes Investment Partners LP now owns 12,231 shares of the bank worth $273,000 after purchasing an additional 3,210 shares during the period. Institutional investors hold 46.86% of the company’s shares.
About Eagle Bancorp Montana (Get a rating)
Eagle Bancorp Montana, Inc operates as a bank holding company for Opportunity Bank of Montana, which provides various retail banking products and services to small businesses and individuals in Montana. It accepts various deposit products, such as individual checking, savings, money market and retirement accounts, as well as certificates of deposit accounts.
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