Zacks Investment Research upgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a hold rating to a buy rating in a report published on Thursday, January 4th. Zacks Investment Research currently has $22.00 price target 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. “

Eagle Bancorp Montana (NASDAQ EBMT) opened at $20.40 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $101.01, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.28 and a beta of 0.44. Eagle Bancorp Montana has a twelve month low of $17.35 and a twelve month high of $21.95.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Deprince Race & Zollo Inc. raised its holdings in Eagle Bancorp Montana by 20.2% in the fourth quarter. Deprince Race & Zollo Inc. now owns 232,781 shares of the bank’s stock worth $4,877,000 after purchasing an additional 39,142 shares in the last quarter. Thomson Horstmann & Bryant Inc. bought a new position in Eagle Bancorp Montana in the fourth quarter worth $2,034,000. Dimensional Fund Advisors LP raised its holdings in Eagle Bancorp Montana by 20.1% in the third quarter. Dimensional Fund Advisors LP now owns 46,220 shares of the bank’s stock worth $850,000 after purchasing an additional 7,720 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Eagle Bancorp Montana by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 201,960 shares of the bank’s stock worth $3,655,000 after purchasing an additional 4,395 shares in the last quarter. Finally, Advisor Group Inc. raised its holdings in Eagle Bancorp Montana by 148.5% in the second quarter. Advisor Group Inc. now owns 13,914 shares of the bank’s stock worth $252,000 after purchasing an additional 8,315 shares in the last quarter. Institutional investors and hedge funds own 28.51% of the company’s stock.

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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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