Eagle Bancorp Montana (NASDAQ:EBMT) downgraded by Zacks Investment Research

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Zacks Investment Research downgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT – Get a rating) from a buy rating to a hold rating in a research rating released Friday, Zacks.com reports.

According to Zacks, “Eagle Bancorp operates as a holding company for the American Federal Savings Bank which provides retail banking services in south central Montana. The company offers a variety of deposit and loan products and services. The Bank is a federally chartered savings bank, engaged in typical banking activities: acquiring deposits in local markets and investing in loans and securities.Eagle Bancorp also offers real estate loans for construction; consumer loans including auto loans, RV loans, boat loans, personal loans and lines of credit, and custodial account loans; and business loans. Headquartered in Helena, Montana, the company’s mission is to effectively increasing value for its customers, shareholders, employees and communities.”

Separately, StockNews.com launched coverage on Eagle Bancorp Montana shares in a research note on Wednesday. They issued a hold note on the stock.

Shares of NASDAQ EBMT opened at $20.30 on Friday. The company’s 50-day simple moving average is $21.98 and its 200-day simple moving average is $22.46. Eagle Bancorp Montana has a 52-week low of $20.21 and a 52-week high of $25.56. The company has a market capitalization of $135.81 million, a price-earnings ratio of 11.94 and a beta of 0.66. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt ratio of 0.22.

Eagle Bancorp Montana (NASDAQ:EBMT – Get Rating) last announced its results on Tuesday, April 26. The bank reported earnings per share (EPS) of $0.32 for the quarter, missing Thomson Reuters consensus estimate of $0.51 per ($0.19). Eagle Bancorp Montana had a net margin of 12.04% and a return on equity of 7.37%. Equity research analysts expect Eagle Bancorp Montana to post EPS of 2.42 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 3. Shareholders of record on Friday, May 13 will receive a dividend of $0.125. This represents a dividend of $0.50 on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Thursday, May 12. Eagle Bancorp Montana’s dividend payout ratio (DPR) is 29.41%.

Separately, director Kenneth M. Walsh sold 10,000 shares of the company in a transaction that took place on Tuesday, February 1. The shares were sold at an average price of $22.40, for a total value of $224,000.00. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. 7.40% of the shares are currently held by insiders.

Institutional investors have recently increased or reduced their stake in the company. Royal Bank of Canada increased its stake in shares of Eagle Bancorp Montana by 197.1% in the second quarter. Royal Bank of Canada now owns 2,148 shares of the bank valued at $49,000 after acquiring an additional 1,425 shares during the period. Advisor Group Holdings Inc. increased its holdings of Eagle Bancorp Montana shares by 274.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 5,639 shares of the bank valued at $129,000 after buying an additional 4,132 shares last quarter. Wells Fargo & Company MN increased its holdings of Eagle Bancorp Montana shares 35.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,996 shares of the bank valued at $138,000 after buying 1,575 additional shares last quarter. Fourthstone LLC acquired a new position in shares of Eagle Bancorp Montana in the third quarter worth approximately $227,000. Finally, Barclays PLC increased its holdings of Eagle Bancorp Montana shares by 24.1% in the third quarter. Barclays PLC now owns 10,298 shares in the bank valued at $229,000 after buying another 2,000 shares last quarter. 41.33% of the shares are currently held by institutional investors and hedge funds.

About Eagle Bancorp Montana (Get a rating)

Eagle Bancorp Montana, Inc operates as a bank holding company for Opportunity Bank of Montana, which provides various retail banking products and services to small businesses and individuals in Montana. It accepts various deposit products, such as individual checking, savings, money market and retirement accounts, as well as certificates of deposit accounts.

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