Eagle Bancorp Montana (NASDAQ:EBMT) Upgraded to “Strong-Buy” at Zacks Research

Eagle Bancorp Montana (NASDAQ:EBMT) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts also recently commented on EBMT. DA Davidson boosted their target price on shares of Eagle Bancorp Montana from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Eagle Bancorp Montana in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Eagle Bancorp Montana currently has a consensus rating of “Buy” and a consensus price target of $23.00.

Eagle Bancorp Montana Stock Performance

NASDAQ:EBMT opened at $22.95 on Monday. The stock has a 50-day moving average price of $19.59 and a 200 day moving average price of $17.80. The stock has a market capitalization of $182.45 million, a P/E ratio of 12.21 and a beta of 0.31. Eagle Bancorp Montana has a 12-month low of $14.87 and a 12-month high of $23.00. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.74.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its quarterly earnings results on Tuesday, January 27th. The bank reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.13. Eagle Bancorp Montana had a return on equity of 8.17% and a net margin of 11.67%.The company had revenue of $24.30 million for the quarter, compared to analysts’ expectations of $18.89 million. Equities research analysts forecast that Eagle Bancorp Montana will post 1.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Eagle Bancorp Montana

A number of institutional investors and hedge funds have recently made changes to their positions in EBMT. CWM LLC raised its position in shares of Eagle Bancorp Montana by 3.8% during the 4th quarter. CWM LLC now owns 42,964 shares of the bank’s stock valued at $855,000 after buying an additional 1,566 shares in the last quarter. Ritholtz Wealth Management raised its position in Eagle Bancorp Montana by 7.2% during the fourth quarter. Ritholtz Wealth Management now owns 58,188 shares of the bank’s stock valued at $1,158,000 after purchasing an additional 3,917 shares during the period. JPMorgan Chase & Co. raised its position in Eagle Bancorp Montana by 87.0% during the third quarter. JPMorgan Chase & Co. now owns 6,583 shares of the bank’s stock valued at $114,000 after purchasing an additional 3,063 shares during the period. Bridgeway Capital Management LLC lifted its stake in shares of Eagle Bancorp Montana by 5.2% in the 3rd quarter. Bridgeway Capital Management LLC now owns 67,232 shares of the bank’s stock valued at $1,161,000 after purchasing an additional 3,294 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Eagle Bancorp Montana by 60.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,757 shares of the bank’s stock worth $30,000 after purchasing an additional 664 shares during the period. 35.66% of the stock is owned by hedge funds and other institutional investors.

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.