Weekly Research Analysts’ Ratings Changes for Eagle Bancorp (EGBN)

Eagle Bancorp (NASDAQ: EGBN) recently received a number of ratings updates from brokerages and research firms:

  • 3/28/2018 – Eagle Bancorp had its “buy” rating reaffirmed by analysts at Boenning Scattergood. They now have a $72.25 price target on the stock.
  • 3/27/2018 – Eagle Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 3/21/2018 – Eagle Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 3/20/2018 – Eagle Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 2/27/2018 – Eagle Bancorp was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 2/22/2018 – Eagle Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of EGBN traded up $0.57 during mid-day trading on Monday, hitting $59.57. 28,947 shares of the company’s stock were exchanged, compared to its average volume of 144,224. Eagle Bancorp, Inc. has a 52 week low of $46.20 and a 52 week high of $69.80. The stock has a market capitalization of $2,024.15, a PE ratio of 17.78 and a beta of 0.88. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23.

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Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Eagle Bancorp had a net margin of 28.32% and a return on equity of 12.49%. The company had revenue of $84.86 million for the quarter, compared to analysts’ expectations of $80.80 million. equities research analysts predict that Eagle Bancorp, Inc. will post 4.35 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. increased its holdings in shares of Eagle Bancorp by 984.3% during the fourth quarter. Meeder Asset Management Inc. now owns 2,624 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 2,382 shares during the period. Zions Bancorporation bought a new position in shares of Eagle Bancorp during the third quarter worth approximately $231,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Eagle Bancorp during the fourth quarter worth approximately $236,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Eagle Bancorp by 38.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 3,966 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 1,092 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in shares of Eagle Bancorp by 29.2% during the fourth quarter. D.A. Davidson & CO. now owns 4,830 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 1,091 shares during the period. 69.87% of the stock is currently owned by institutional investors.

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.

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