Eagle Bancorp Montana (NASDAQ:EBMT) Lowered to Hold Rating by Wall Street Zen

Eagle Bancorp Montana (NASDAQ:EBMT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Eagle Bancorp Montana Stock Up 0.7%

NASDAQ:EBMT opened at $17.50 on Friday. The firm’s 50 day simple moving average is $16.92 and its 200 day simple moving average is $16.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.90 and a quick ratio of 0.89. Eagle Bancorp Montana has a one year low of $12.61 and a one year high of $18.49. The company has a market cap of $139.65 million, a PE ratio of 12.41 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The company had revenue of $20.90 million for the quarter, compared to analyst estimates of $16.69 million. Eagle Bancorp Montana had a net margin of 9.03% and a return on equity of 6.35%. On average, research analysts anticipate that Eagle Bancorp Montana will post 1.61 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Kenneth M. Walsh sold 10,000 shares of Eagle Bancorp Montana stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $17.75, for a total value of $177,500.00. Following the transaction, the director directly owned 116,033 shares of the company’s stock, valued at $2,059,585.75. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp Montana

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its stake in shares of Eagle Bancorp Montana by 355.3% in the first quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank’s stock worth $38,000 after acquiring an additional 1,766 shares during the period. Bank of America Corp DE lifted its position in shares of Eagle Bancorp Montana by 18.6% in the 4th quarter. Bank of America Corp DE now owns 5,123 shares of the bank’s stock worth $79,000 after purchasing an additional 803 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Eagle Bancorp Montana in the 4th quarter worth approximately $166,000. Atria Investments Inc lifted its position in shares of Eagle Bancorp Montana by 10.0% in the 4th quarter. Atria Investments Inc now owns 11,097 shares of the bank’s stock worth $170,000 after purchasing an additional 1,006 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Eagle Bancorp Montana in the 4th quarter worth approximately $188,000. 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.