Eagle Bancorp Montana (NASDAQ:EBMT) Upgraded at StockNews.com

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

Eagle Bancorp Montana Stock Performance

Shares of NASDAQ EBMT traded up $0.01 during trading hours on Wednesday, reaching $15.00. 17,890 shares of the stock were exchanged, compared to its average volume of 20,599. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 0.94. The stock’s fifty day simple moving average is $15.88 and its 200 day simple moving average is $15.53. Eagle Bancorp Montana has a 52 week low of $12.32 and a 52 week high of $17.62. The firm has a market capitalization of $120.30 million, a price-to-earnings ratio of 13.89 and a beta of 0.53.

Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.29 by $0.15. Eagle Bancorp Montana had a net margin of 7.03% and a return on equity of 4.96%. Sell-side analysts predict that Eagle Bancorp Montana will post 1.1 EPS for the current year.

Insider Transactions at Eagle Bancorp Montana

In related news, Director Kenneth M. Walsh sold 6,705 shares of the business’s stock in a transaction 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 directly owns 141,033 shares in the company, valued at approximately $2,318,582.52. The trade was a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter Joseph Johnson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $16.97, for a total transaction of $84,850.00. Following the sale, the director now directly owns 57,838 shares in the company, valued at $981,510.86. This trade represents a 7.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,795 shares of company stock valued at $213,610 over the last ninety days. 6.70% of the stock is currently owned by insiders.

Institutional Trading of Eagle Bancorp Montana

Several institutional investors and hedge funds have recently made changes to their positions in EBMT. Barclays PLC lifted its position in Eagle Bancorp Montana by 25.8% in the third quarter. Barclays PLC now owns 10,567 shares of the bank’s stock valued at $167,000 after purchasing an additional 2,165 shares during the last quarter. State Street Corp lifted its position in shares of Eagle Bancorp Montana by 5.9% in the 3rd quarter. State Street Corp now owns 17,838 shares of the bank’s stock worth $282,000 after purchasing an additional 1,000 shares during the period. Empowered Funds LLC boosted its position in Eagle Bancorp Montana by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 22,448 shares of the bank’s stock valued at $354,000 after acquiring an additional 1,072 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Eagle Bancorp Montana by 3.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 45,699 shares of the bank’s stock valued at $701,000 after purchasing an additional 1,699 shares during the period. Finally, John G Ullman & Associates Inc. lifted its position in Eagle Bancorp Montana by 13.4% during the third quarter. John G Ullman & Associates Inc. now owns 62,574 shares of the bank’s stock valued at $988,000 after buying an additional 7,382 shares during the period. 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.