Eagle Bancorp Montana (NASDAQ:EBMT) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Friday, Zacks.com reports. The firm currently has a $19.00 price target on the bank’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.76% from the stock’s previous close.

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. “

Separately, ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

Shares of NASDAQ:EBMT opened at $16.85 on Friday. Eagle Bancorp Montana has a 12 month low of $14.20 and a 12 month high of $19.35. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.99 and a quick ratio of 0.98. The firm has a market cap of $107.90 million, a price-to-earnings ratio of 15.75, a P/E/G ratio of 1.04 and a beta of 0.45. The stock’s fifty day moving average is $16.43.

Eagle Bancorp Montana (NASDAQ:EBMT) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.12. Eagle Bancorp Montana had a net margin of 13.02% and a return on equity of 9.03%. The company had revenue of $15.20 million for the quarter, compared to the consensus estimate of $13.45 million. Research analysts anticipate that Eagle Bancorp Montana will post 1.63 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Eagle Bancorp Montana by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 49,689 shares of the bank’s stock valued at $803,000 after acquiring an additional 600 shares in the last quarter. Penn Capital Management Co. Inc. boosted its holdings in shares of Eagle Bancorp Montana by 3.3% in the first quarter. Penn Capital Management Co. Inc. now owns 57,244 shares of the bank’s stock valued at $970,000 after acquiring an additional 1,802 shares in the last quarter. Finally, Naples Global Advisors LLC purchased a new stake in shares of Eagle Bancorp Montana in the second quarter valued at about $471,000. 36.39% of the stock is currently owned by institutional investors.

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 in Montana. The company 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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