Some Traders Are Very Bearish on Eagle Bancorp Montana, Inc. (EBMT) After Forming Wedge Down Chart Pattern

May 18, 2018 - By Mary Hughes

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Logo

Investors sentiment increased to 4.75 in 2017 Q4. Its up 2.61, from 2.14 in 2017Q3. It improved, as 2 investors sold Eagle Bancorp Montana, Inc. shares while 2 reduced holdings. 8 funds opened positions while 11 raised stakes. 4.69 million shares or 262.99% more from 1.29 million shares in 2017Q3 were reported.
Wells Fargo And Mn, California-based fund reported 95 shares. Us Comml Bank De invested 0% in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT). Penn Mgmt Communications Inc reported 69,686 shares. 156,973 were accumulated by Kennedy Capital. 25,598 are held by Minerva Advisors Ltd Liability Corporation. Arrowmark Colorado Limited Liability Co owns 0% invested in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) for 11,430 shares. Naples Global Advsrs Limited Liability Corporation accumulated 20,150 shares. Morgan Stanley invested in 0% or 2,700 shares. Deutsche Fincl Bank Ag accumulated 13,333 shares. 2 are held by Royal Comml Bank Of Canada. Tower Research Limited Liability Com (Trc) accumulated 60 shares. Jacobs Asset Management Ltd Liability Com holds 150,000 shares. Maltese Cap Mngmt Lc has invested 0.28% in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT). 232,747 are owned by Manufacturers Life Insur The. Pinnacle Holding Ltd has 0.37% invested in Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) for 49,147 shares.

The stock of Eagle Bancorp Montana, Inc. (EBMT) formed a down wedge with $18.37 target or 7.00 % below today’s $19.75 share price. The 7 months wedge indicates high risk for the $106.58 million company. If the $18.37 price target is reached, the company will be worth $7.46 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.25% or $0.05 during the last trading session, reaching $19.75. About 1,855 shares traded. Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) has risen 3.76% since May 18, 2017 and is uptrending. It has underperformed by 7.79% the S&P500.

Analysts await Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) to report earnings on July, 20. They expect $0.26 earnings per share, down 3.70 % or $0.01 from last year’s $0.27 per share. EBMT’s profit will be $1.40M for 18.99 P/E if the $0.26 EPS becomes a reality. After $0.15 actual earnings per share reported by Eagle Bancorp Montana, Inc. for the previous quarter, Wall Street now forecasts 73.33 % EPS growth.

Another recent and important Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) news was published by Globenewswire.com which published an article titled: “Eagle Bancorp Montana Earns $573000 in the First Quarter; Highlighted by Ruby Valley Bank Acquisition; Declares …” on April 24, 2018.

Eagle Bancorp Montana, Inc. operates as the bank holding firm for Opportunity Bank of Montana that provides various retail banking services and products in Montana. The company has market cap of $106.58 million. The firm offers one-to-four family residential mortgage loans; commercial real estate loans; real estate construction loans; home equity loans; commercial business loans consisting of business loans and lines of credit on a secured and unsecured basis; and consumer loans comprising loans that are secured by collateral other than real estate, such as automobiles, recreational vehicles, and boats. It has a 19.95 P/E ratio. It also accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit accounts.

Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Institutional Positions Chart

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