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

Eagle Bancorp Montana (NASDAQ:EBMT – Get a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report released Friday 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, engaging in typical banking activities: acquiring deposits in local markets and investing in loans and securities.Eagle Bancorp also offers home construction loans; consumer loans including auto loans, RV loans, boat loans, personal loans and lines of credit, and deposit account loans and business loans.Headquartered in Helena, Montana, the The company’s mission is to effectively increase value for its customers, shareholders, employees and communities.”

Separately, StockNews.com took over coverage of Eagle Bancorp Montana shares in a research note on Wednesday. They set a “hold” rating for the company.

EBMT stock was down $0.05 in Friday’s session, hitting $20.30. The stock recorded trading volume of 3,906 shares, compared to an average trading volume of 12,776 shares. Eagle Bancorp Montana has a 1-year minimum of $20.21 and a 1-year maximum of $25.56. The company’s 50-day moving average price is $22.02 and its two-hundred-day moving average price is $22.47. The company has a debt ratio of 0.22, a quick ratio of 0.79 and a current ratio of 0.82. The stock has a market capitalization of $135.91 million, a price-earnings ratio of 9.40 and a beta of 0.66.

Eagle Bancorp Montana (NASDAQ:EBMT – Get Rating) last released quarterly earnings data on Tuesday, April 26. The bank reported EPS of $0.32 for the quarter, missing the Zacks consensus estimate of $0.51 per ($0.19). Eagle Bancorp Montana had a net margin of 14.79% and a return on equity of 9.28%. As a group, sell-side analysts expect Eagle Bancorp Montana to post earnings per share of 2.57 for the current fiscal year.

Separately, director Kenneth M. Walsh sold 10,000 shares of the company in a transaction dated Tuesday, February 1. The stock was sold at an average price of $22.40, for a total transaction of $224,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.40% of the shares are currently held by insiders.

Several large investors have recently changed their holdings in EBMT. Royal Bank of Canada increased its holdings in Eagle Bancorp Montana by 197.1% in the second quarter. Royal Bank of Canada now owns 2,148 shares of the bank worth $49,000 after acquiring an additional 1,425 shares during the period. Advisor Group Holdings Inc. increased its stake in Eagle Bancorp Montana by 274.2% in Q4. Advisor Group Holdings Inc. now owns 5,639 shares of the bank worth $129,000 after acquiring 4,132 additional shares during the period. Wells Fargo & Company MN increased its stake in Eagle Bancorp Montana by 35.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,996 shares of the bank worth $138,000 after acquiring 1,575 additional shares during the period. Fourthstone LLC bought a new position in Eagle Bancorp Montana in Q3 for a value of approximately $227,000. Finally, Barclays PLC increased its stake in Eagle Bancorp Montana by 24.1% in the third quarter. Barclays PLC now owns 10,298 shares in the bank worth $229,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds hold 41.33% of the company’s shares.

Company Profile 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.

Further reading

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