Posted by Defense World Staff on Jun 11th, 2024
Investment analysts at StockNews.com started coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT – Get Free Report) in a note issued to investors on Tuesday. The firm set a “hold” rating on the bank’s stock.
Separately, Hovde Group initiated coverage on shares of Eagle Bancorp Montana in a report on Monday, April 22nd. They issued a “market perform” rating and a $14.00 target price for the company.
Eagle Bancorp Montana Trading Down 0.3 %
EBMT opened at $13.02 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.40. Eagle Bancorp Montana has a 52 week low of $11.26 and a 52 week high of $17.65. The business’s 50 day moving average is $12.90 and its two-hundred day moving average is $13.47. The firm has a market cap of $104.38 million, a price-to-earnings ratio of 11.63 and a beta of 0.53.
Eagle Bancorp Montana (NASDAQ:EBMT – Get Free Report) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The business had revenue of $19.17 million during the quarter, compared to analyst estimates of $22.50 million. Eagle Bancorp Montana had a net margin of 7.39% and a return on equity of 5.29%. On average, research analysts predict that Eagle Bancorp Montana will post 1.27 EPS for the current year.
Insiders Place Their Bets
In other news, Director Peter Joseph Johnson sold 2,954 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $13.21, for a total value of $39,022.34. Following the completion of the sale, the director now directly owns 71,139 shares of the company’s stock, valued at approximately $939,746.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Peter Joseph Johnson sold 2,954 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $13.21, for a total transaction of $39,022.34. Following the sale, the director now owns 71,139 shares of the company’s stock, valued at $939,746.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kenneth M. Walsh sold 10,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $12.98, for a total transaction of $129,800.00. Following the transaction, the director now owns 156,039 shares in the company, valued at $2,025,386.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,405 shares of company stock worth $187,859. Company insiders own 6.70% of the company’s stock.
Hedge Funds Weigh In On Eagle Bancorp Montana
Several hedge funds and other institutional investors have recently bought and sold shares of EBMT. Empowered Funds LLC raised its position in shares of Eagle Bancorp Montana by 7.6% during the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the bank’s stock worth $256,000 after purchasing an additional 1,400 shares during the last quarter. John G Ullman & Associates Inc. lifted its position in shares of Eagle Bancorp Montana by 23.5% in the fourth quarter. John G Ullman & Associates Inc. now owns 25,392 shares of the bank’s stock valued at $401,000 after acquiring an additional 4,836 shares in the last quarter. TNF LLC lifted its position in shares of Eagle Bancorp Montana by 4.2% in the fourth quarter. TNF LLC now owns 37,868 shares of the bank’s stock valued at $564,000 after acquiring an additional 1,539 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Eagle Bancorp Montana during the third quarter valued at $565,000. Finally, Brandes Investment Partners LP increased its position in Eagle Bancorp Montana by 23.5% during the 3rd quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank’s stock worth $1,164,000 after purchasing an additional 18,741 shares in the last quarter. 35.66% of the stock is owned by institutional investors and hedge funds.
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.
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