Zacks: Brokerages Set $15.50 Price Target for Eagle Bancorp Montana Inc. (NASDAQ:EBMT)
Eagle Bancorp Montana Inc. (NASDAQ:EBMT) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price objective of $15.50 for the company and are anticipating that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given Eagle Bancorp Montana an industry rank of 62 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded Eagle Bancorp Montana from a “hold” rating to a “sell” rating in a research report on Monday, July 4th.
An institutional investor recently raised its position in Eagle Bancorp Montana stock. First Manhattan Co. boosted its position in shares of Eagle Bancorp Montana Inc. (NASDAQ:EBMT) by 3.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,536 shares of the company’s stock after buying an additional 1,036 shares during the period. First Manhattan Co. owned approximately 0.76% of Eagle Bancorp Montana worth $362,000 at the end of the most recent reporting period. Institutional investors own 31.58% of the company’s stock.
Eagle Bancorp Montana (NASDAQ:EBMT) opened at 14.50 on Thursday. Eagle Bancorp Montana has a one year low of $11.15 and a one year high of $15.25. The stock has a market cap of $54.80 million, a PE ratio of 16.84 and a beta of 0.21. The stock has a 50 day moving average price of $14.13 and a 200-day moving average price of $13.00.
Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.07. Eagle Bancorp Montana had a return on equity of 6.19% and a net margin of 10.09%. Equities research analysts expect that Eagle Bancorp Montana will post $1.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 2.21%. This is an increase from Eagle Bancorp Montana’s previous quarterly dividend of $0.08. Eagle Bancorp Montana’s dividend payout ratio is currently 35.96%.
Eagle Bancorp Montana Company Profile
Eagle Bancorp Montana, Inc is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank.
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