Eagle Bancorp (NASDAQ:EGBN) Earns “Hold” Rating from Sandler O’Neill

Sandler O’Neill restated their hold rating on shares of Eagle Bancorp (NASDAQ:EGBN) in a report issued on Thursday morning, BenzingaRatingsTable reports.

Several other research firms have also recently weighed in on EGBN. Boenning Scattergood restated an outperform rating and set a $47.75 price target on shares of WSFS Financial in a report on Thursday, June 20th. BidaskClub cut Walgreens Boots Alliance from a sell rating to a strong sell rating in a report on Monday, June 24th. Stephens set a $22.00 price target on Home Bancshares and gave the stock a buy rating in a report on Monday, April 22nd. Piper Jaffray Companies set a $173.00 target price on DexCom and gave the company a buy rating in a report on Monday, July 15th. Finally, FIG Partners reiterated an outperform rating on shares of Eagle Bancorp in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $59.40.

NASDAQ:EGBN opened at $39.63 on Thursday. The company has a market capitalization of $1.37 billion, a PE ratio of 8.83, a P/E/G ratio of 1.09 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 1.05. The business’s 50-day moving average price is $53.79. Eagle Bancorp has a 1-year low of $38.67 and a 1-year high of $60.77.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.05). The firm had revenue of $87.70 million for the quarter, compared to the consensus estimate of $82.37 million. Eagle Bancorp had a return on equity of 13.77% and a net margin of 33.71%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. Equities analysts forecast that Eagle Bancorp will post 4.44 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System boosted its holdings in Eagle Bancorp by 0.4% in the first quarter. Arizona State Retirement System now owns 48,845 shares of the financial services provider’s stock valued at $2,452,000 after acquiring an additional 180 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in Eagle Bancorp by 5.5% in the second quarter. Zions Bancorporation N.A. now owns 3,729 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 194 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Eagle Bancorp by 1.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 12,439 shares of the financial services provider’s stock valued at $673,000 after acquiring an additional 200 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in Eagle Bancorp by 3.6% in the first quarter. Mason Street Advisors LLC now owns 10,169 shares of the financial services provider’s stock valued at $510,000 after acquiring an additional 355 shares during the last quarter. Finally, Comerica Bank boosted its holdings in Eagle Bancorp by 1.4% in the first quarter. Comerica Bank now owns 31,231 shares of the financial services provider’s stock valued at $1,665,000 after acquiring an additional 417 shares during the last quarter. Institutional investors and hedge funds own 76.01% of the company’s stock.

Eagle Bancorp Company Profile

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.

See Also: The limitations of an equal weight rating

Analyst Recommendations for Eagle Bancorp (NASDAQ:EGBN)

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