Price Action Don’t Lie: Could Eagle Bancorp Montana Inc Change Direction After Reaching 52-Week High?

Price Action Don't Lie: Could Eagle Bancorp Montana Inc Change Direction After Reaching 52 Week High?

The stock of Eagle Bancorp Montana Inc (NASDAQ:EBMT) hit a new 52-week high and has $45.08 target or 147.00% above today’s $18.25 share price. The 7 months bullish chart indicates low risk for the $69.57M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $45.08 price target is reached, the company will be worth $102.27M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 20,495 shares traded hands or 84.32% up from the average. Eagle Bancorp Montana Inc (NASDAQ:EBMT) has risen 47.11% since April 19, 2016 and is uptrending. It has outperformed by 43.25% 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 decreased to 0.86 in 2016 Q2. Its down 2.64, from 3.5 in 2016Q1. The ratio turned negative, 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.
Deutsche Bancorp Ag reported 111 shares or 0% of all its holdings. Arrowpoint Asset Mngmt Limited Liability Com reported 13,750 shares or 0% of all its holdings. Glacier Peak Lc last reported 455,745 shares in the company. First Manhattan holds 28,536 shares or 0% of its portfolio. Maltese Management Limited Co, a New York-based fund reported 21,000 shares. Federated Investors Incorporated Pa, a Pennsylvania-based fund reported 43 shares. Blackrock Fund Advsr owns 793 shares or 0% of their US portfolio. The New Jersey-based Blackrock Inv Ltd Limited Liability Company has invested 0% in Eagle Bancorp Montana Inc (NASDAQ:EBMT). Ladenburg Thalmann Svcs holds 1,500 shares or 0% of its portfolio. Stockman Asset last reported 0.14% of its portfolio in the stock. The Texas-based Dimensional Fund Advisors Lp has invested 0% in Eagle Bancorp Montana Inc (NASDAQ:EBMT). Minerva Advsrs Limited Liability Corporation owns 25,598 shares or 0.22% of their US portfolio. Oppenheimer Close Ltd Liability holds 112,250 shares or 1.34% of its portfolio. Moreover, Manufacturers Life Company The has 0% invested in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 187,558 shares. Deprince Race And Zollo Incorporated has 0.07% invested in the company for 274,375 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: “The Zacks Analyst Blog Highlights: Bank of America, Eagle Bancorp Montana …” with publication date: November 15, 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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