Brokerages predict that Eagle Bancorp Montana Inc (NASDAQ:EBMT) will report sales of $10.36 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Eagle Bancorp Montana’s earnings, with the lowest sales estimate coming in at $10.31 million and the highest estimate coming in at $10.40 million. Eagle Bancorp Montana reported sales of $9.45 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.6%. The business is scheduled to issue its next earnings report on Friday, July 20th.
According to Zacks, analysts expect that Eagle Bancorp Montana will report full year sales of $42.24 million for the current fiscal year, with estimates ranging from $41.77 million to $42.70 million. For the next fiscal year, analysts anticipate that the firm will report sales of $46.52 million per share, with estimates ranging from $45.23 million to $47.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Eagle Bancorp Montana.
Get Eagle Bancorp Montana alerts:Eagle Bancorp Montana (NASDAQ:EBMT) last announced its quarterly earnings results on Tuesday, April 24th. The bank reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.10). The firm had revenue of $9.53 million during the quarter, compared to the consensus estimate of $12.68 million. Eagle Bancorp Montana had a return on equity of 7.25% and a net margin of 9.04%.
EBMT has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Eagle Bancorp Montana from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 26th. ValuEngine lowered shares of Eagle Bancorp Montana from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. Finally, FIG Partners reaffirmed an “outperform” rating on shares of Eagle Bancorp Montana in a research note on Thursday, April 26th.
In related news, Director Rick Hays bought 2,500 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were purchased at an average price of $19.79 per share, with a total value of $49,475.00. Following the purchase, the director now owns 24,601 shares of the company’s stock, valued at approximately $486,853.79. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Peter Joseph Johnson sold 5,697 shares of Eagle Bancorp Montana stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $19.66, for a total transaction of $112,003.02. Following the sale, the chief executive officer now directly owns 94,326 shares in the company, valued at approximately $1,854,449.16. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Glacier Peak Capital LLC boosted its stake in shares of Eagle Bancorp Montana by 1.6% during the 1st quarter. Glacier Peak Capital LLC now owns 392,786 shares of the bank’s stock valued at $8,150,000 after purchasing an additional 6,186 shares in the last quarter. Maltese Capital Management LLC lifted its position in Eagle Bancorp Montana by 14.3% during the 1st quarter. Maltese Capital Management LLC now owns 200,000 shares of the bank’s stock valued at $4,150,000 after acquiring an additional 25,000 shares during the period. Thomson Horstmann & Bryant Inc. lifted its position in Eagle Bancorp Montana by 6.5% during the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 103,367 shares of the bank’s stock valued at $2,144,000 after acquiring an additional 6,268 shares during the period. Renaissance Technologies LLC lifted its position in Eagle Bancorp Montana by 58.8% during the 4th quarter. Renaissance Technologies LLC now owns 41,600 shares of the bank’s stock valued at $872,000 after acquiring an additional 15,400 shares during the period. Finally, Deutsche Bank AG lifted its position in Eagle Bancorp Montana by 37.9% during the 4th quarter. Deutsche Bank AG now owns 13,333 shares of the bank’s stock valued at $279,000 after acquiring an additional 3,664 shares during the period. 44.19% of the stock is currently owned by hedge funds and other institutional investors.
Eagle Bancorp Montana remained flat at $$19.05 during trading hours on Monday, Marketbeat.com reports. 479 shares of the company’s stock were exchanged, compared to its average volume of 2,756. The company has a market cap of $104.02 million, a price-to-earnings ratio of 15.00, a PEG ratio of 1.62 and a beta of 0.30. Eagle Bancorp Montana has a 1-year low of $17.35 and a 1-year high of $21.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.91 and a current ratio of 0.93.
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 offers one-to-four family residential mortgage loans; commercial real estate loans; real estate construction loans; home equity loans; commercial business loans consisting of business loans and lines of credit on a secured and unsecured basis; and consumer loans comprising loans that are secured by collateral other than real estate, such as automobiles, recreational vehicles, and boats.
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