Eagle Bancorp Montana (NASDAQ: EBMT) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Eagle Bancorp Montana (NASDAQ: EBMTGet Rating) from a buy rating to a hold rating in a research note released on Friday, Zacks.com reports.

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, StockNews.com initiated coverage on shares of Eagle Bancorp Montana in a research note on Wednesday. They issued a hold rating on the stock.

Shares of NASDAQ EBMT opened at $ 20.30 on Friday. The company 50-day simple moving average is $ 21.98 and its 200-day simple moving average is $ 22.46. Eagle Bancorp Montana has a 52-week low of $ 20.21 and a 52-week high of $ 25.56. The firm has a market cap of $ 135.81 million, a price-to-earnings ratio of 11.94 and a beta of 0.66. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.22.

Eagle Bancorp Montana (NASDAQ: EBMTGet Rating) last announced its earnings results on Tuesday, April 26th. The bank reported $ 0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $ 0.51 by ($ 0.19). Eagle Bancorp Montana had a net margin of 12.04% and a return on equity of 7.37%. Equities research analysts anticipate that Eagle Bancorp Montana will post 2.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 13th will be paid a $ 0.125 dividend. This represents a $ 0.50 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Thursday, May 12th. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 29.41%.

In other news, Director Kenneth M. Walsh sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $ 22.40, for a total value of $ 224,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.40% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Eagle Bancorp Montana by 197.1% in the 2nd quarter. Royal Bank of Canada now owns 2,148 shares of the bank’s stock valued at $ 49,000 after acquiring an additional 1,425 shares during the period. Advisor Group Holdings Inc. grew its holdings in shares of Eagle Bancorp Montana by 274.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 5,639 shares of the bank’s stock valued at $ 129,000 after purchasing an additional 4,132 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Eagle Bancorp Montana by 35.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,996 shares of the bank’s stock valued at $ 138,000 after purchasing an additional 1,575 shares in the last quarter. Fourthstone LLC acquired a new position in shares of Eagle Bancorp Montana in the third quarter valued at approximately $ 227,000. Finally, Barclays PLC increased its holdings in shares of Eagle Bancorp Montana by 24.1% in the third quarter. Barclays PLC now owns 10,298 shares of the bank’s stock valued at $ 229,000 after purchasing an additional 2,000 shares in the last quarter. 41.33% of the stock is currently owned by institutional investors and hedge funds.

About Eagle Bancorp Montana (Get Rating)

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.

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