BidaskClub upgraded shares of Eagle Bancorp (NASDAQ:EGBN) from a hold rating to a buy rating in a research report report published on Thursday morning.
A number of other research analysts have also weighed in on the stock. Keefe, Bruyette & Woods raised shares of Eagle Bancorp from a market perform rating to an outperform rating in a research note on Monday, December 4th. Zacks Investment Research lowered shares of Eagle Bancorp from a buy rating to a hold rating in a research note on Monday, January 1st. Finally, Stephens raised shares of Eagle Bancorp from an equal weight rating to an overweight rating and set a $69.00 price target on the stock in a research report on Friday, January 19th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $68.00.
Eagle Bancorp (NASDAQ EGBN) opened at $62.30 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. Eagle Bancorp has a 12 month low of $46.20 and a 12 month high of $69.80. The firm has a market cap of $2,159.18, a P/E ratio of 21.34 and a beta of 0.84.
Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. Eagle Bancorp had a net margin of 28.32% and a return on equity of 12.65%. The business had revenue of $84.86 million for the quarter, compared to analyst estimates of $80.80 million. sell-side analysts predict that Eagle Bancorp will post 4.43 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its position in shares of Eagle Bancorp by 984.3% during the 4th quarter. Meeder Asset Management Inc. now owns 2,624 shares of the financial services provider’s stock valued at $152,000 after buying an additional 2,382 shares during the period. Zions Bancorporation purchased a new stake in shares of Eagle Bancorp during the 3rd quarter valued at approximately $231,000. Oppenheimer Asset Management Inc. raised its position in shares of Eagle Bancorp by 38.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,966 shares of the financial services provider’s stock valued at $266,000 after buying an additional 1,092 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Eagle Bancorp during the 4th quarter valued at approximately $236,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Eagle Bancorp during the 3rd quarter valued at approximately $291,000. 66.91% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: “Eagle Bancorp (EGBN) Stock Rating Upgraded by BidaskClub” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/02/23/eagle-bancorp-egbn-stock-rating-upgraded-by-bidaskclub.html.
About Eagle Bancorp
Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. 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.
Receive News & Ratings for Eagle Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.