Zacks: Analysts Set $23.50 Price Target for Eagle Bancorp Montana Inc (EBMT)

Shares of Eagle Bancorp Montana Inc (NASDAQ:EBMT) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus target price of $23.50 for the company and are anticipating that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also given Eagle Bancorp Montana an industry rank of 84 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research raised Eagle Bancorp Montana from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 26th.

Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in shares of Eagle Bancorp Montana by 14.9% during the 2nd quarter. Renaissance Technologies LLC now owns 48,260 shares of the bank’s stock worth $931,000 after buying an additional 6,260 shares during the last quarter. Glacier Peak Capital LLC raised its stake in Eagle Bancorp Montana by 1.6% in the 1st quarter. Glacier Peak Capital LLC now owns 392,786 shares of the bank’s stock valued at $8,150,000 after purchasing an additional 6,186 shares during the last quarter. Finally, Maltese Capital Management LLC raised its stake in Eagle Bancorp Montana by 14.3% in the 1st quarter. Maltese Capital Management LLC now owns 200,000 shares of the bank’s stock valued at $4,150,000 after purchasing an additional 25,000 shares during the last quarter. 42.17% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:EBMT traded down $0.27 during midday trading on Monday, hitting $18.10. 4,300 shares of the stock were exchanged, compared to its average volume of 3,639. The company has a market capitalization of $99.11 million, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.70 and a beta of 0.22. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 1.27. Eagle Bancorp Montana has a twelve month low of $16.85 and a twelve month high of $21.95.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings results on Tuesday, July 24th. The bank reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $10.89 million during the quarter, compared to the consensus estimate of $10.36 million. Eagle Bancorp Montana had a return on equity of 7.06% and a net margin of 9.32%. As a group, equities analysts anticipate that Eagle Bancorp Montana will post 1.07 earnings per share for the current year.

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 in Montana. The company offers one-to-four family residential mortgage loans; commercial real estate loans; real estate construction loans; home equity loans; commercial business loans consisting of business loans and lines of credit on a secured and unsecured basis; and consumer loans comprising loans that are secured by collateral other than real estate, such as automobiles, recreational vehicles, and boats.

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