Eagle Bancorp Montana Inc. (NASDAQ:EBMT) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday. The firm presently has a $17.00 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 10.03% from the stock’s current price.
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. “
Eagle Bancorp Montana (NASDAQ:EBMT) opened at 15.45 on Thursday. The company has a market cap of $58.39 million, a price-to-earnings ratio of 13.09 and a beta of 0.20. Eagle Bancorp Montana has a one year low of $11.15 and a one year high of $15.50. The firm has a 50-day moving average price of $14.53 and a 200 day moving average price of $13.47.
Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Tuesday, October 25th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. Eagle Bancorp Montana had a return on equity of 8.31% and a net margin of 12.67%. Equities analysts expect that Eagle Bancorp Montana will post $1.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.07%. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 26.45%.
A hedge fund recently raised its stake in Eagle Bancorp Montana stock. First Manhattan Co. boosted its position in Eagle Bancorp Montana Inc. (NASDAQ:EBMT) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,236 shares of the company’s stock after buying an additional 1,700 shares during the period. First Manhattan Co. owned approximately 0.80% of Eagle Bancorp Montana worth $429,000 at the end of the most recent quarter. Institutional investors own 32.13% of the company’s stock.
About Eagle Bancorp Montana
Eagle Bancorp Montana, Inc is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank.