Wall Street Zen Upgrades Eagle Bancorp Montana (NASDAQ:EBMT) to "Buy"

Key Points

• Eagle Bancorp Montana has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, signaling positive outlook from analysts.
• In its last quarterly earnings report, the company posted $0.41 earnings per share (EPS), exceeding the consensus estimate of $0.33 by $0.08.
• Insider trading activity includes Director Kenneth M. Walsh selling 10,000 shares, reducing his ownership by 7.93% after the transaction.

Wall Street Zen upgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT - Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning.

Eagle Bancorp Montana Price Performance

EBMT traded down $0.20 on Friday, reaching $16.22. The company had a trading volume of 28,450 shares, compared to its average volume of 39,953. Eagle Bancorp Montana has a 52-week low of $12.61 and a 52-week high of $18.49. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.89 and a current ratio of 0.90. The business has a 50 day simple moving average of $16.73 and a 200 day simple moving average of $16.65. The company has a market cap of $129.44 million, a price-to-earnings ratio of 11.50 and a beta of 0.35.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.08. The business had revenue of $20.90 million during the quarter, compared to analyst estimates of $16.69 million. Eagle Bancorp Montana had a return on equity of 6.35% and a net margin of 9.03%. As a group, sell-side analysts anticipate that Eagle Bancorp Montana will post 1.61 EPS for the current year.

Insider Activity

In related news, Director Kenneth M. Walsh sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $17.75, for a total value of $177,500.00. Following the transaction, the director directly owned 116,033 shares of the company's stock, valued at approximately $2,059,585.75. The trade was a 7.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.10% of the company's stock.

Institutional Trading of Eagle Bancorp Montana

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its position in shares of Eagle Bancorp Montana by 355.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,263 shares of the bank's stock worth $38,000 after buying an additional 1,766 shares in the last quarter. Bank of America Corp DE raised its position in Eagle Bancorp Montana by 18.6% in the fourth quarter. Bank of America Corp DE now owns 5,123 shares of the bank's stock valued at $79,000 after purchasing an additional 803 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Eagle Bancorp Montana by 56.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 6,241 shares of the bank's stock valued at $104,000 after buying an additional 2,241 shares during the period. Hsbc Holdings PLC acquired a new position in Eagle Bancorp Montana during the 4th quarter worth $166,000. Finally, Jane Street Group LLC acquired a new position in Eagle Bancorp Montana during the 4th quarter worth $188,000. Hedge funds and other institutional investors own 35.66% of the company's stock.

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.