Eagle Bancorp Montana (NASDAQ:EBMT) Receives "Hold (C+)" Rating from Weiss Ratings

Key Points

• Eagle Bancorp Montana received a "Hold (C+)" rating from Weiss Ratings, reaffirming a cautious outlook for the stock.
• The company reported a net margin of 10.09% and revenue of $23.51 million in its last quarterly earnings, surpassing analyst estimates.
• Insider transactions revealed that directors sold significant shares recently, indicating potential shifts in their confidence regarding the stock's future performance.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report)'s stock had its "hold (c+)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Eagle Bancorp Montana from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

Eagle Bancorp Montana Stock Performance

Shares of NASDAQ EBMT traded up $0.01 during midday trading on Wednesday, hitting $17.01. The company's stock had a trading volume of 17,758 shares, compared to its average volume of 19,849. Eagle Bancorp Montana has a 1-year low of $14.35 and a 1-year high of $18.49. The firm's fifty day moving average price is $17.02 and its 200-day moving average price is $16.89. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $135.23 million, a P/E ratio of 10.63 and a beta of 0.34.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The bank reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. Eagle Bancorp Montana had a net margin of 10.09% and a return on equity of 7.10%. The business had revenue of $23.51 million during the quarter, compared to analyst estimates of $17.34 million. On average, sell-side analysts forecast that Eagle Bancorp Montana will post 1.61 EPS for the current fiscal year.

Insider Transactions at Eagle Bancorp Montana

In other Eagle Bancorp Montana news, Director Corey Jensen sold 2,500 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $16.85, for a total transaction of $42,125.00. Following the sale, the director directly owned 6,588 shares in the company, valued at approximately $111,007.80. The trade was a 27.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth M. Walsh sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $15.84, for a total transaction of $158,400.00. Following the sale, the director owned 106,033 shares in the company, valued at $1,679,562.72. This trade represents a 8.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.

Institutional Trading of Eagle Bancorp Montana

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of Eagle Bancorp Montana during the 2nd quarter worth about $28,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Eagle Bancorp Montana during the 2nd quarter worth about $29,000. Jones Financial Companies Lllp raised its holdings in shares of Eagle Bancorp Montana by 355.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock worth $38,000 after purchasing an additional 1,766 shares in the last quarter. State of Wyoming bought a new stake in shares of Eagle Bancorp Montana in the 2nd quarter worth approximately $46,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Eagle Bancorp Montana by 230.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,520 shares of the bank's stock worth $59,000 after purchasing an additional 2,456 shares in the last quarter. 35.66% of the stock is currently owned by institutional investors.

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.

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