Eagle Bancorp Montana Inc (EBMT) Receives Consensus Rating of “Strong Buy” from Brokerages

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Shares of Eagle Bancorp Montana Inc (NASDAQ:EBMT) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokers have set a 1-year consensus price objective of $23.50 for the company and are forecasting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned Eagle Bancorp Montana an industry rank of 80 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Eagle Bancorp Montana from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 26th.

A hedge fund recently raised its stake in Eagle Bancorp Montana stock. Renaissance Technologies LLC lifted its stake in Eagle Bancorp Montana Inc (NASDAQ:EBMT) by 14.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,260 shares of the bank’s stock after acquiring an additional 6,260 shares during the quarter. Renaissance Technologies LLC owned 0.88% of Eagle Bancorp Montana worth $931,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 42.17% of the company’s stock.

NASDAQ:EBMT opened at $17.99 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $98.72 million, a price-to-earnings ratio of 14.17, a PEG ratio of 1.69 and a beta of 0.22. Eagle Bancorp Montana has a 1-year low of $16.85 and a 1-year high of $21.95.

Eagle Bancorp Montana (NASDAQ:EBMT) last posted its earnings results on Tuesday, July 24th. The bank reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $10.89 million for the quarter, compared to analyst estimates of $10.36 million. Eagle Bancorp Montana had a net margin of 9.32% and a return on equity of 7.06%. Equities analysts expect that Eagle Bancorp Montana will post 1.07 EPS for the current fiscal year.

About Eagle Bancorp Montana

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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