Investment analysts at DA Davidson decreased their FY2017 earnings per share estimates for shares of Eagle Bancorp Montana in a research note issued to investors on Monday, Zacks Investment Research reports. Eagle Bancorp Montana's payout ratio is presently 23.53%. Dimensional Fund Advisors LP now owns 26,696 shares of the bank's stock valued at $538,000 after buying an additional 11,593 shares in the last quarter.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Tuesday, April 18th. The business's revenue for the quarter was up 6.0% compared to the same quarter a year ago. The financial services provider reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. The company earned $73 million during the quarter, compared to analysts' expectations of $68.19 million.
On average, analysts expect that Eagle Bancorp will report full year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.09 to $3.21. Vanguard Group Inc. boosted its stake in shares of Eagle Bancorp Montana by 12.3% in the first quarter.
WARNING: "34,670 Shares in Eagle Bancorp, Inc".
Several research firms have recently weighed in on EGBN. Zacks Investment Research lowered shares of Eagle Bancorp from a "buy" rating to a "hold" rating in a research report on Wednesday, March 22nd. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $64.00 price objective on shares of Eagle Bancorp in a report on Wednesday, April 5th. The shares were sold at an average price of $58.03, for a total value of $290,150.00. Stockman Wealth Management Inc. now owns 14,983 shares of the company's stock worth $316,000 after buying an additional 985 shares in the last quarter. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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Institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in Eagle Bancorp by 57.8% in the fourth quarter. Oppenheimer Asset Management Inc. bought a new stake in Eagle Bancorp during the first quarter worth about $124,000. Renaissance Technologies LLC bought a new position in Eagle Bancorp Montana during the fourth quarter worth about $348,000. Maltese Capital Management LLC now owns 548,400 shares of the financial services provider's stock worth $33,425,000 after buying an additional 352,200 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,485 shares of the financial services provider's stock worth $151,000 after buying an additional 910 shares during the period. BlackRock Group LTD raised its stake in shares of Eagle Bancorp by 1,006.3% in the third quarter.
Eagle Bancorp Montana, Inc is the bank holding company for Opportunity Bank of Montana (the Bank).
Shares of Eagle Bancorp (NASDAQ:EGBN) traded up 1.24% during midday trading on Monday, reaching $56.95. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 18.94 and a beta of 0.71. Eagle Bancorp has a 12-month low of $45.07 and a 12-month high of $64.94. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Eagle Bancorp by 15.0% in the third quarter. The firm has a 50-day moving average of $19.60 and a 200-day moving average of $18.73.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by Sports Perspectives and is the property of of Sports Perspectives. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia. Hedge funds and other institutional investors own 29.24% of the company's stock. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and worldwide trademark and copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/05/18/kalmar-investments-inc-de-invests-2-07-million-in-eagle-bancorp-inc-egbn-updated-updated.html. The Company offers wealth management services at its locations through financial advisors employed by the Bank. The Bank is a chartered commercial bank.