Stock of the Day: Eagle Bancorp Montana Inc Sets All Time High; Strong Momentum for Holders

Stock of the Day: Eagle Bancorp Montana Inc Sets All Time High; Strong Momentum for Holders

The stock of Eagle Bancorp Montana Inc (NASDAQ:EBMT) reached all time high today, Nov, 21 and still has $29.65 target or 62.00% above today’s $18.30 share price. This indicates more upside for the $69.76 million company. This technical setup was reported by Barchart.com. If the $29.65 PT is reached, the company will be worth $43.25M 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. The stock increased 1.39% or $0.25 on November 21, hitting $18.3. About 34,773 shares traded hands or 212.73% 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 Q2 2016. Its down 2.64, from 3.5 in 2016Q1. The ratio is 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.
Moreover, Stockman Asset Mngmt has 0.14% invested in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 13,998 shares. The Pennsylvania-based Federated Investors Pa has invested 0% in Eagle Bancorp Montana Inc (NASDAQ:EBMT). First Manhattan accumulated 0% or 28,536 shares. Deutsche Comml Bank Ag last reported 0% of its portfolio in the stock. Blackrock Fund Advsr last reported 0% of its portfolio in the stock. Glacier Peak Capital Limited Liability Company holds 6.14% of its portfolio in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 455,745 shares. Moreover, Manufacturers Life Co The has 0% invested in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 187,558 shares. Blackrock Investment Management Limited Liability Company accumulated 0% or 682 shares. Arrowpoint Asset Mgmt Limited Liability Co last reported 0% of its portfolio in the stock. Ladenburg Thalmann Financial Ser has invested 0% of its portfolio in Eagle Bancorp Montana Inc (NASDAQ:EBMT). Minerva Advsr Lc, a Pennsylvania-based fund reported 25,598 shares. Deprince Race Zollo holds 0.07% of its portfolio in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 274,375 shares. Oppenheimer Close Ltd has 112,250 shares for 1.34% of their US portfolio. Tower Research Capital Ltd Liability Co (Trc) owns 635 shares or 0% of their US portfolio. Morgan Stanley holds 0% or 3,049 shares in its portfolio.

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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