Eagle Bancorp Montana's (EBMT) Hold (C+) Rating Reaffirmed at Weiss Ratings

Key Points

• Eagle Bancorp Montana's stock rating has been reaffirmed as a "hold (C+)" by Weiss Ratings, indicating a stable outlook despite market fluctuations.
• The company reported earnings of $0.41 per share, matching analyst expectations, with revenue significantly surpassing estimates at $23.51 million for the recent quarter.
• Recent insider transactions indicate a decrease in stock ownership by directors, with significant sales of shares valued in the hundreds of thousands of dollars.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

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

Eagle Bancorp Montana Trading Up 0.8%

Eagle Bancorp Montana stock opened at $16.89 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.90 and a quick ratio of 0.90. Eagle Bancorp Montana has a one year low of $14.35 and a one year high of $18.49. The stock has a market capitalization of $134.28 million, a PE ratio of 10.56 and a beta of 0.34. The business's fifty day moving average is $17.18 and its 200 day moving average is $16.92.

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

Insider Transactions at Eagle Bancorp Montana

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

Hedge Funds Weigh In On Eagle Bancorp Montana

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of 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 worth $79,000 after purchasing an additional 803 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Eagle Bancorp Montana during the 2nd quarter valued at $28,000. Empowered Funds LLC lifted its stake in shares of Eagle Bancorp Montana by 7.3% during the 1st quarter. Empowered Funds LLC now owns 25,114 shares of the bank's stock valued at $421,000 after buying an additional 1,706 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Eagle Bancorp Montana during the 2nd quarter valued at $29,000. Finally, Jones Financial Companies Lllp boosted its holdings in 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 buying an additional 1,766 shares during the period. Hedge funds and other institutional investors own 35.66% of the company's stock.

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 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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