Eagle Bancorp, Inc. (NASDAQ:EGBN) Receives $23.60 Consensus Target Price from Analysts

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been given an average rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $23.60.

Several brokerages recently weighed in on EGBN. Zacks Research lowered Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Piper Sandler upped their price objective on shares of Eagle Bancorp from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Wall Street Zen upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. UBS Group set a $25.00 target price on shares of Eagle Bancorp in a research note on Tuesday, January 27th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Eagle Bancorp in a research report on Wednesday, January 21st.

Hedge Funds Weigh In On Eagle Bancorp

Large investors have recently made changes to their positions in the stock. Versant Capital Management Inc raised its stake in shares of Eagle Bancorp by 102.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 753 shares during the period. Farther Finance Advisors LLC boosted its stake in Eagle Bancorp by 128.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 782 shares during the period. Financial Consulate Inc. purchased a new position in Eagle Bancorp during the 3rd quarter valued at about $34,000. Hantz Financial Services Inc. grew its holdings in Eagle Bancorp by 298.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,176 shares of the financial services provider’s stock valued at $64,000 after buying an additional 2,378 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of Eagle Bancorp by 24.2% during the second quarter. MAI Capital Management now owns 3,448 shares of the financial services provider’s stock valued at $67,000 after buying an additional 671 shares during the period. 78.03% of the stock is owned by institutional investors.

Eagle Bancorp Stock Performance

Shares of EGBN stock opened at $24.51 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.07. The firm has a market cap of $744.12 million, a P/E ratio of -5.82 and a beta of 1.03. The company has a 50 day moving average of $25.63 and a 200-day moving average of $21.88. Eagle Bancorp has a 12-month low of $15.03 and a 12-month high of $29.26.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.37. The business had revenue of $80.50 million during the quarter, compared to analyst estimates of $67.81 million. Eagle Bancorp had a negative return on equity of 10.93% and a negative net margin of 20.19%. Sell-side analysts anticipate that Eagle Bancorp will post 2.31 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Eagle Bancorp’s payout ratio is presently -0.95%.

About Eagle Bancorp

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.