Zacks Investment Research upgraded shares of Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) from a strong sell rating to a hold rating in a report published on Tuesday morning.

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 cut shares of Eagle Bancorp Montana from a c- rating to a d rating in a research note on Monday, July 24th.

Shares of Eagle Bancorp Montana (NASDAQ:EBMT) remained flat at $17.85 during midday trading on Tuesday. 2,794 shares of the stock were exchanged. Eagle Bancorp Montana has a one year low of $14.20 and a one year high of $24.00. The company has a market capitalization of $68.03 million, a P/E ratio of 13.73 and a beta of 0.36. The stock’s 50-day moving average price is $18.01 and its 200 day moving average price is $18.69.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.27 earnings per share 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 the consensus estimate of $9.60 million. Equities analysts expect that Eagle Bancorp Montana will post $1.22 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a dividend of $0.09 per share. This is a positive change from Eagle Bancorp Montana’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Wednesday, August 9th. Eagle Bancorp Montana’s payout ratio is presently 27.69%.

Eagle Bancorp Montana declared that its board has initiated a share repurchase program on Friday, July 21st that permits the company to buyback 100,000 outstanding shares. This buyback authorization permits the bank to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its holdings in Eagle Bancorp Montana by 2.2% during the second 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 during the period. Dimensional Fund Advisors LP grew its holdings in Eagle Bancorp Montana by 44.2% during the second quarter. Dimensional Fund Advisors LP now owns 38,500 shares of the bank’s stock worth $697,000 after acquiring an additional 11,804 shares during the period. Advisor Group Inc. grew its holdings in Eagle Bancorp Montana by 148.5% during the second quarter. Advisor Group Inc. now owns 13,914 shares of the bank’s stock worth $252,000 after acquiring an additional 8,315 shares during the period. Vanguard Group Inc. grew its holdings in Eagle Bancorp Montana by 3.8% during the second quarter. Vanguard Group Inc. now owns 46,873 shares of the bank’s stock worth $848,000 after acquiring an additional 1,723 shares during the period. Finally, Context BH Capital Management LP grew its holdings in Eagle Bancorp Montana by 43.7% during the second 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 during the period. 31.47% of the stock is currently 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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