Eagle Bancorp, Inc. (NASDAQ:EGBN) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $50.33.
A number of research firms recently weighed in on EGBN. BidaskClub lowered shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Janney Montgomery Scott downgraded shares of Eagle Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 24th. ValuEngine upgraded Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Boenning Scattergood cut Eagle Bancorp from an “outperform” rating to a “neutral” rating and set a $46.00 target price on the stock. in a research note on Friday, October 18th. Finally, Zacks Investment Research upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Monday, September 23rd.
EGBN stock traded up $0.67 during mid-day trading on Friday, reaching $44.99. 170,326 shares of the stock traded hands, compared to its average volume of 238,027. Eagle Bancorp has a one year low of $37.08 and a one year high of $60.77. The stock has a market capitalization of $1.53 billion, a PE ratio of 10.17, a PEG ratio of 1.48 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05. The business has a 50-day moving average price of $44.86 and a two-hundred day moving average price of $46.41.
Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.03. Eagle Bancorp had a net margin of 32.62% and a return on equity of 13.24%. The firm had revenue of $87.30 million during the quarter, compared to analyst estimates of $81.08 million. During the same quarter last year, the business earned $1.13 EPS. The business’s revenue was up .5% on a year-over-year basis. On average, equities analysts expect that Eagle Bancorp will post 4.35 earnings per share for the current fiscal year.
In other news, EVP Antonio F. Marquez sold 2,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $41.79, for a total transaction of $104,475.00. Following the completion of the sale, the executive vice president now directly owns 27,799 shares of the company’s stock, valued at $1,161,720.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.25% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its holdings in Eagle Bancorp by 1.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 12,439 shares of the financial services provider’s stock valued at $673,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System boosted its position in Eagle Bancorp by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 49,293 shares of the financial services provider’s stock valued at $2,668,000 after buying an additional 448 shares during the period. Fisher Asset Management LLC boosted its position in Eagle Bancorp by 16.4% in the 2nd quarter. Fisher Asset Management LLC now owns 62,033 shares of the financial services provider’s stock valued at $3,358,000 after buying an additional 8,719 shares during the period. Aperio Group LLC boosted its position in Eagle Bancorp by 3.9% in the 2nd quarter. Aperio Group LLC now owns 7,420 shares of the financial services provider’s stock valued at $402,000 after buying an additional 280 shares during the period. Finally, Swiss National Bank grew its stake in Eagle Bancorp by 2.2% in the 2nd quarter. Swiss National Bank now owns 60,832 shares of the financial services provider’s stock worth $3,293,000 after acquiring an additional 1,300 shares in the last quarter. 70.65% of the stock is currently owned by institutional investors.
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.
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