Jefferies Financial Group Begins Coverage on Eagle Bancorp (NASDAQ:EGBN)

Investment analysts at Jefferies Financial Group assumed coverage on shares of Eagle Bancorp (NASDAQ:EGBN) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm set a “hold” rating and a $20.00 price target on the financial services provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 14.09% from the stock’s previous close.

EGBN has been the topic of a number of other research reports. Piper Sandler dropped their price target on Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods dropped their price target on Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th.

Eagle Bancorp Price Performance

EGBN opened at $17.53 on Wednesday. Eagle Bancorp has a 12-month low of $15.99 and a 12-month high of $30.94. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $19.63 and its 200-day simple moving average is $23.84. The company has a market capitalization of $532.51 million, a price-to-earnings ratio of -11.17 and a beta of 1.02.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.40). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. The firm had revenue of $73.86 million for the quarter, compared to the consensus estimate of $71.93 million. On average, equities research analysts anticipate that Eagle Bancorp will post 2.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Eagle Bancorp news, CFO Eric R. Newell purchased 1,170 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $21.37 per share, for a total transaction of $25,002.90. Following the completion of the purchase, the chief financial officer now owns 28,733 shares in the company, valued at $614,024.21. This represents a 4.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Eagle Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its stake in Eagle Bancorp by 353.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock valued at $26,000 after buying an additional 775 shares during the last quarter. R Squared Ltd purchased a new stake in Eagle Bancorp in the fourth quarter valued at about $51,000. Millstone Evans Group LLC purchased a new stake in Eagle Bancorp in the fourth quarter valued at about $59,000. Russell Investments Group Ltd. raised its stake in Eagle Bancorp by 42.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider’s stock valued at $82,000 after buying an additional 933 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in Eagle Bancorp in the fourth quarter valued at about $212,000. 78.03% of the stock is currently owned by hedge funds and other 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. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.