Zacks Investment Research upgraded shares of Eagle Bancorp Montana (NASDAQ:EBMT) from a hold rating to a strong-buy rating in a research report released on Friday morning, reports. Zacks Investment Research currently has $19.00 price objective 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. “

Separately, ValuEngine cut Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd.

NASDAQ EBMT opened at $17.30 on Friday. The company’s 50-day moving average is $16.45. The stock has a market cap of $107.90 million, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.94 and a beta of 0.45. Eagle Bancorp Montana has a fifty-two week low of $14.20 and a fifty-two week 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.

Eagle Bancorp Montana (NASDAQ:EBMT) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.12. Eagle Bancorp Montana had a return on equity of 9.03% and a net margin of 13.02%. The business had revenue of $15.20 million during the quarter, compared to analyst estimates of $13.45 million. Sell-side analysts expect that Eagle Bancorp Montana will post 1.79 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Naples Global Advisors LLC acquired a new stake in shares of Eagle Bancorp Montana during the 2nd quarter valued at about $471,000. Dimensional Fund Advisors LP grew its position in shares of Eagle Bancorp Montana by 1.2% during the 4th 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 during the period. Finally, Penn Capital Management Co. Inc. grew its position in shares of Eagle Bancorp Montana by 5.6% during the 4th quarter. Penn Capital Management Co. Inc. now owns 55,442 shares of the bank’s stock valued at $915,000 after acquiring an additional 2,947 shares during the period. Hedge funds and other institutional investors own 36.39% 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 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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