Eagle Bancorp Montana (NASDAQ:EBMT) Stock Rating Lowered by StockNews.com

Eagle Bancorp Montana (NASDAQ:EBMT) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Eagle Bancorp Montana Stock Performance

NASDAQ EBMT opened at $16.50 on Wednesday. Eagle Bancorp Montana has a 52-week low of $11.81 and a 52-week high of $17.65. The business’s 50-day moving average price is $16.21 and its 200 day moving average price is $14.54. The firm has a market cap of $132.33 million, a P/E ratio of 15.28 and a beta of 0.52. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.57.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Eagle Bancorp Montana had a return on equity of 4.96% and a net margin of 7.03%. The company had revenue of $31.74 million for the quarter, compared to analyst estimates of $20.60 million. On average, equities research analysts expect that Eagle Bancorp Montana will post 1.1 earnings per share for the current year.

Insider Buying and Selling at Eagle Bancorp Montana

In other news, Director Kenneth M. Walsh sold 6,705 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $16.44, for a total transaction of $110,230.20. Following the sale, the director now owns 141,033 shares of the company’s stock, valued at $2,318,582.52. The trade was a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Joseph Johnson sold 7,374 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $14.28, for a total value of $105,300.72. Following the sale, the director now directly owns 61,139 shares in the company, valued at $873,064.92. This trade represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,169 shares of company stock valued at $234,061. 6.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Eagle Bancorp Montana

Several institutional investors have recently modified their holdings of the company. State Street Corp boosted its stake in shares of Eagle Bancorp Montana by 5.9% during the 3rd quarter. State Street Corp now owns 17,838 shares of the bank’s stock worth $282,000 after acquiring an additional 1,000 shares in the last quarter. Empowered Funds LLC raised its position in shares of Eagle Bancorp Montana by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock worth $354,000 after purchasing an additional 1,072 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Eagle Bancorp Montana by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 361,193 shares of the bank’s stock worth $4,638,000 after purchasing an additional 1,075 shares during the last quarter. Barclays PLC raised its position in shares of Eagle Bancorp Montana by 25.8% during the 3rd quarter. Barclays PLC now owns 10,567 shares of the bank’s stock worth $167,000 after purchasing an additional 2,165 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Eagle Bancorp Montana by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 93,172 shares of the bank’s stock worth $1,236,000 after purchasing an additional 2,937 shares during the last quarter. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Eagle Bancorp Montana Company Profile

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.