Zacks Investment Research upgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a hold rating to a buy rating in a research report released on Wednesday morning. The firm currently has $23.00 target price on the bank’s stock.

According to Zacks, “Eagle Bancorp operates as a holding company for American Federal Savings Bank that provides retail banking services in the south central portion of Montana. The company offers various deposit and loan products and services. The Bank is a federally chartered savings bank, engaging in typical banking activities: acquiring deposits from local markets and investing in loans and investment securities. Eagle Bancorp also offers real estate construction loans; consumer loans comprising auto loans, RV loans, boat loans, personal loans and credit lines, and deposit account loans; and commercial loans. Headquartered in Helena, Montana, the Company’s mission is to efficiently increase value for its customers, shareholders, employees and communities. “

Shares of Eagle Bancorp Montana (NASDAQ:EBMT) traded down $0.25 during mid-day trading on Wednesday, reaching $20.20. The company had a trading volume of 4,737 shares, compared to its average volume of 5,722. The stock has a market cap of $101.01, a PE ratio of 15.66, a PEG ratio of 1.56 and a beta of 0.44. Eagle Bancorp Montana has a 52 week low of $17.35 and a 52 week high of $22.32. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.99 and a quick ratio of 0.97.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its earnings results on Monday, October 23rd. The bank reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.11. The company had revenue of $10.15 million during the quarter, compared to analysts’ expectations of $10.00 million. Eagle Bancorp Montana had a return on equity of 8.46% and a net margin of 11.85%. research analysts anticipate that Eagle Bancorp Montana will post 1.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Saturday, November 11th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, November 9th. Eagle Bancorp Montana’s dividend payout ratio is presently 27.91%.

A number of hedge funds have recently modified their holdings of EBMT. US Bancorp DE purchased a new stake in Eagle Bancorp Montana during the 2nd quarter valued at about $251,000. Advisor Group Inc. lifted its holdings in Eagle Bancorp Montana by 148.5% in the 2nd quarter. Advisor Group Inc. now owns 13,914 shares of the bank’s stock worth $252,000 after buying an additional 8,315 shares during the period. Context BH Capital Management LP lifted its holdings in Eagle Bancorp Montana by 43.7% in the 2nd quarter. Context BH Capital Management LP now owns 21,851 shares of the bank’s stock worth $396,000 after buying an additional 6,649 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Eagle Bancorp Montana by 76.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 26,696 shares of the bank’s stock worth $538,000 after buying an additional 11,593 shares during the period. Finally, Kennedy Capital Management Inc. purchased a new stake in Eagle Bancorp Montana in the 2nd quarter worth approximately $558,000. Institutional investors own 26.56% of the company’s stock.

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About Eagle Bancorp Montana

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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