Hovde Group Initiates Coverage on Eagle Bancorp Montana (NASDAQ:EBMT)

Analysts at Hovde Group initiated coverage on shares of Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) in a note issued to investors on Monday, StockNewsAPI reports. The brokerage set a "market perform" rating and a $14.00 price target on the bank's stock. Hovde Group's target price would indicate a potential upside of 11.55% from the stock's previous close.

Separately, StockNews.com began coverage on Eagle Bancorp Montana in a report on Thursday, December 28th. They set a "hold" rating for the company.

Eagle Bancorp Montana Price Performance

NASDAQ EBMT traded up $0.06 during midday trading on Monday, hitting $12.55. The company had a trading volume of 8,719 shares, compared to its average volume of 9,882. The company has a market capitalization of $100.65 million, a PE ratio of 9.65 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average price of $12.87 and a 200-day moving average price of $13.14. Eagle Bancorp Montana has a twelve month low of $11.26 and a twelve month high of $17.65.

Eagle Bancorp Montana (NASDAQ:EBMT - Get Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.05). The company had revenue of $30.35 million during the quarter, compared to analyst estimates of $22.10 million. Eagle Bancorp Montana had a net margin of 8.80% and a return on equity of 6.17%. As a group, analysts anticipate that Eagle Bancorp Montana will post 1.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Eagle Bancorp Montana

Institutional investors have recently modified their holdings of the business. John G Ullman & Associates Inc. raised its holdings in shares of Eagle Bancorp Montana by 5.7% during the 3rd quarter. John G Ullman & Associates Inc. now owns 20,556 shares of the bank's stock worth $243,000 after buying an additional 1,109 shares in the last quarter. TNF LLC increased its holdings in Eagle Bancorp Montana by 4.2% in the 4th quarter. TNF LLC now owns 37,868 shares of the bank's stock worth $564,000 after purchasing an additional 1,539 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Eagle Bancorp Montana in the 3rd quarter worth about $565,000. Finally, Brandes Investment Partners LP increased its holdings in Eagle Bancorp Montana by 23.5% in the 3rd quarter. Brandes Investment Partners LP now owns 98,493 shares of the bank's stock worth $1,164,000 after purchasing an additional 18,741 shares in the last quarter. Institutional investors and hedge funds 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.