Stock Buzzer: Is Eagle Bancorp Montana Inc a Buy? The Stock Reaches 52-Week High Today

Stock Buzzer: Is Eagle Bancorp Montana Inc a Buy? The Stock Reaches 52 Week High Today

The stock of Eagle Bancorp Montana Inc (NASDAQ:EBMT) hit a new 52-week high and has $20.98 target or 9.00% above today’s $19.25 share price. The 7 months bullish chart indicates low risk for the $72.95 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $20.98 price target is reached, the company will be worth $6.57M 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 13,431 shares traded hands. Eagle Bancorp Montana Inc (NASDAQ:EBMT) has risen 51.82% since April 25, 2016 and is uptrending. It has outperformed by 45.81% the S&P500.

Analysts await Eagle Bancorp Montana Inc (NASDAQ:EBMT) to report earnings on January, 24. They expect $0.34 EPS, up 54.55% or $0.12 from last year’s $0.22 per share. EBMT’s profit will be $1.29M for 14.15 P/E if the $0.34 EPS becomes a reality. After $0.46 actual EPS reported by Eagle Bancorp Montana Inc for the previous quarter, Wall Street now forecasts -26.09% negative EPS growth.

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 dived, 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.
Arrowpoint Asset Limited Liability Com owns 13,750 shares or 0% of their US portfolio. Deprince Race Zollo reported 274,375 shares or 0.07% of all its holdings. Stockman Asset Management accumulated 13,998 shares or 0.14% of the stock. Vanguard Group accumulated 0% or 33,215 shares. Morgan Stanley has 3,049 shares for 0% of their US portfolio. Glacier Peak Limited Liability Com holds 6.14% of its portfolio in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 455,745 shares. Ladenburg Thalmann Inc holds 0% or 1,500 shares in its portfolio. Blackrock Fund accumulated 0% or 793 shares. Deutsche Bancorp Ag, a Germany-based fund reported 111 shares. Oppenheimer And Close Ltd Company has invested 1.34% of its portfolio in Eagle Bancorp Montana Inc (NASDAQ:EBMT). Blackrock Invest Management Ltd Company holds 0% of its portfolio in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 682 shares. First Manhattan Communications accumulated 28,536 shares or 0% of the stock. Minerva Advsrs Lc holds 25,598 shares or 0.22% of its portfolio. Federated Inc Pa last reported 0% of its portfolio in the stock. Dimensional Fund Advisors L P has 11,893 shares for 0% of their US portfolio.

More news for Eagle Bancorp Montana Inc (NASDAQ:EBMT) were recently published by: Globenewswire.com, which released: “Eagle Bancorp Montana Revises First Quarter 2016 Results” on July 27, 2016. Reuters.com‘s article titled: “BRIEF-Eagle Bancorp Montana Q3 earnings per share $0.46” and published on October 25, 2016 is yet another important article.

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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