Price Action Alert: A Reversal for Eagle Bancorp Montana Inc Is Not Near. The Stock Reaches Record High Today

Price Action Alert: A Reversal for Eagle Bancorp Montana Inc Is Not Near. The Stock Reaches Record High Today

The stock of Eagle Bancorp Montana Inc (NASDAQ:EBMT) reached all time high today, Nov, 14 and still has $49.28 target or 180.00% above today’s $17.60 share price. This indicates more upside for the $70.83M company. This technical setup was reported by Barchart.com. If the $49.28 PT is reached, the company will be worth $127.49M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 54,283 shares traded hands or 927.70% up from the average. Eagle Bancorp Montana Inc (NASDAQ:EBMT) has risen 40.13% since April 12, 2016 and is uptrending. It has outperformed by 35.15% the S&P500.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 3.5 in 2016 Q2. Its up 2.50, from 1 in 2016Q1. The ratio improved, as 1 funds sold all Eagle Bancorp Montana Inc shares owned while 1 reduced positions. 1 funds bought stakes while 6 increased positions. They now own 2.37 million shares or 100.29% more from 1.18 million shares in 2016Q1.
Stockman Asset last reported 13,998 shares in the company. Tower Rech Capital Limited Liability Co (Trc), a New York-based fund reported 635 shares. Dimensional Fund Advsrs Lp owns 11,893 shares or 0% of their US portfolio. The Pennsylvania-based Federated Investors Pa has invested 0% in Eagle Bancorp Montana Inc (NASDAQ:EBMT). Minerva Advsr Limited Liability, a Pennsylvania-based fund reported 25,598 shares. The Germany-based Deutsche Fincl Bank Ag has invested 0% in Eagle Bancorp Montana Inc (NASDAQ:EBMT). First Manhattan holds 28,536 shares or 0% of its portfolio. Manufacturers Life Insurance Communication The holds 187,558 shares or 0% of its portfolio. Blackrock Inv Mgmt Limited Company last reported 682 shares in the company. Vanguard Gp holds 33,215 shares or 0% of its portfolio. Arrowpoint Asset Mngmt Limited Liability Corporation, a Colorado-based fund reported 13,750 shares. Maltese Capital Mngmt Ltd Liability holds 0.03% of its portfolio in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 21,000 shares. Glacier Peak Limited Liability Company, a Washington-based fund reported 455,745 shares. Blackrock Fund Advisors has invested 0% of its portfolio in Eagle Bancorp Montana Inc (NASDAQ:EBMT). Ladenburg Thalmann Fin holds 0% of its portfolio in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 1,500 shares.

More recent Eagle Bancorp Montana Inc (NASDAQ:EBMT) news were published by: Nasdaq.com which released: “Eagle Bancorp Montana, Inc. (EBMT) Ex-Dividend Date Scheduled for November 08 …” on November 07, 2016. Also Globenewswire.com published the news titled: “Eagle Bancorp Montana Revises First Quarter 2016 Results” on July 27, 2016. Nasdaq.com‘s news article titled: “Zacks.com featured highlights: Gibraltar Industries, Eagle Bancorp Montana …” with publication date: November 14, 2016 was also an interesting one.

EBMT Company Profile

Eagle Bancorp Montana, Inc., incorporated on December 2, 2009, is the bank holding firm 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 Firm offers wealth management services at its locations through financial advisors employed by the Bank.

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