Eagle Bancorp Montana (NASDAQ:EBMT) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Eagle Bancorp Montana (NASDAQ:EBMT) issued its quarterly earnings results on Tuesday. The bank reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03), Zacks reports. Eagle Bancorp Montana had a return on equity of 8.29% and a net margin of 12.16%.

Eagle Bancorp Montana Stock Performance

EBMT traded up $0.04 on Tuesday, hitting $23.57. The company’s stock had a trading volume of 43,819 shares, compared to its average volume of 60,525. The company’s 50 day simple moving average is $23.09 and its 200-day simple moving average is $22.13. The firm has a market cap of $187.85 million, a P/E ratio of 11.90 and a beta of 0.35. Eagle Bancorp Montana has a 12 month low of $15.50 and a 12 month high of $24.66. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.37.

Analyst Ratings Changes

Several brokerages have weighed in on EBMT. DA Davidson increased their price objective on Eagle Bancorp Montana from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Zacks Research cut Eagle Bancorp Montana from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Hovde Group upped their price target on Eagle Bancorp Montana from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Eagle Bancorp Montana from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Insider Transactions at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Kenneth M. Walsh sold 10,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $22.83, for a total transaction of $228,300.00. Following the sale, the director owned 82,260 shares in the company, valued at $1,877,995.80. This represents a 10.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Eagle Bancorp Montana

Several hedge funds have recently made changes to their positions in EBMT. Fourthstone LLC lifted its holdings in Eagle Bancorp Montana by 272.3% during the 4th quarter. Fourthstone LLC now owns 342,748 shares of the bank’s stock worth $6,821,000 after purchasing an additional 250,681 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Eagle Bancorp Montana by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 196,281 shares of the bank’s stock worth $3,906,000 after purchasing an additional 8,432 shares during the period. Geode Capital Management LLC grew its holdings in Eagle Bancorp Montana by 108.0% during the 2nd quarter. Geode Capital Management LLC now owns 173,405 shares of the bank’s stock valued at $2,891,000 after buying an additional 90,024 shares in the last quarter. Bank of America Corp DE grew its holdings in Eagle Bancorp Montana by 6.3% during the 2nd quarter. Bank of America Corp DE now owns 77,711 shares of the bank’s stock valued at $1,295,000 after buying an additional 4,637 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Eagle Bancorp Montana by 44.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 76,328 shares of the bank’s stock valued at $1,519,000 after buying an additional 23,470 shares during the period. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Montana Company Profile

Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana, that operates through its wholly owned subsidiary, Eagle Bank & Trust. The company offers a range of community banking services to individuals, small businesses and governmental entities. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing and treasury management.

Through Eagle Bank & Trust, the company provides checking and savings accounts, certificates of deposit, online and mobile banking platforms, ATM access and cash management solutions designed to meet the needs of local customers.