Can Eagle Bancorp Montana Inc (EBMT)’s Tomorrow be Different? The Stock Formed a Descending Triangle Chart Pattern

July 17, 2017 - By Linda Rogers

Investors sentiment increased to 2.6 in Q4 2016. Its up 1.74, from 0.86 in 2016Q3. It is positive, as 2 investors sold Eagle Bancorp Montana Inc shares while 3 reduced holdings. 7 funds opened positions while 6 raised stakes. 1.07 million shares or 7.97% less from 1.16 million shares in 2016Q3 were reported.
Minerva Advsr Ltd Liability invested 0.3% of its portfolio in Eagle Bancorp Montana Inc (NASDAQ:EBMT). Renaissance Ltd invested in 0% or 16,500 shares. Wells Fargo And Mn, California-based fund reported 650 shares. Creative Planning holds 398 shares or 0% of its portfolio. Morgan Stanley holds 0% or 3,100 shares. Ancora Advisors Ltd Liability stated it has 7,400 shares. Blackrock Investment Management Ltd Liability Com stated it has 515 shares. First Manhattan owns 0% invested in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 30,236 shares. Federated Invsts Pa invested in 0% or 43 shares. Arrowpoint Asset Mgmt Limited Com, a Colorado-based fund reported 13,730 shares. Glacier Peak Cap Ltd Liability accumulated 367,768 shares. Vanguard Group accumulated 0% or 40,192 shares. Oppenheimer Close Lc owns 2.13% invested in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 112,250 shares. 199,932 are owned by Deprince Race And Zollo Incorporated. Naples Glob Advsr Ltd Liability Com invested in 19,950 shares.

The stock of Eagle Bancorp Montana Inc (EBMT) formed a descending triangle with $18.95 target or 5.00 % above today’s $18.05 share price. The 5 months triangle pattern indicates low risk for the $68.61 million company. If the $18.95 price target is reached, the company will be worth $3.43 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 0.82% or $0.15 on July 17, reaching $18.05. About 8,068 shares traded or 100.65% up from the average. Eagle Bancorp Montana Inc (NASDAQ:EBMT) has risen 42.05% since July 17, 2016 and is uptrending. It has outperformed by 25.35% the S&P500.

More notable recent Eagle Bancorp Montana Inc (NASDAQ:EBMT) news were published by: Globenewswire.com which released: “Larry Williams Joins Eagle Bancorp Montana as Senior Vice President/Chief …” on November 17, 2014, also Globenewswire.com with their article: “Eagle Bancorp Montana Earns a Record $1.8 Million, or $0.46 per Diluted Share …” published on October 25, 2016, Globenewswire.com published: “Eagle Bancorp Montana Announces Private Placement of Subordinated Notes” on June 19, 2015. More interesting news about Eagle Bancorp Montana Inc (NASDAQ:EBMT) were released by: Globenewswire.com and their article: “Eagle Bancorp Montana Appoints Chemodurow and Cape to Board of Directors” published on August 25, 2015 as well as Globenewswire.com‘s news article titled: “Eagle Bancorp Montana Announces Promotions, Dale Field promoted to SVP/Chief …” with publication date: July 01, 2014.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.