Eagle Bancorp (NASDAQ:EGBN) Upgraded at Zacks Research

Zacks Research upgraded shares of Eagle Bancorp (NASDAQ:EGBN) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Eagle Bancorp in a report on Wednesday, January 21st. Piper Sandler raised their target price 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. UBS Group set a $25.00 price target on shares of Eagle Bancorp in a research note on Tuesday, January 27th. Finally, Wall Street Zen raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Eagle Bancorp has an average rating of “Hold” and a consensus price target of $23.60.

Eagle Bancorp Stock Performance

NASDAQ:EGBN opened at $26.69 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $25.67 and a two-hundred day moving average price of $22.14. Eagle Bancorp has a twelve month low of $15.03 and a twelve month high of $29.26. The company has a market capitalization of $810.31 million, a P/E ratio of -6.34 and a beta of 0.99.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results 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. Eagle Bancorp had a negative net margin of 20.19% and a negative return on equity of 10.93%. The firm had revenue of $80.50 million during the quarter, compared to the consensus estimate of $67.81 million. As a group, research analysts expect that Eagle Bancorp will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, February 2nd. Eagle Bancorp’s payout ratio is -0.95%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its position in Eagle Bancorp by 102.2% during the third quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider’s stock valued at $30,000 after buying an additional 753 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Eagle Bancorp by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,581 shares of the financial services provider’s stock valued at $369,000 after buying an additional 780 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Eagle Bancorp by 128.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock valued at $30,000 after buying an additional 782 shares in the last quarter. Choreo LLC lifted its position in Eagle Bancorp by 3.5% during the fourth quarter. Choreo LLC now owns 36,418 shares of the financial services provider’s stock valued at $768,000 after buying an additional 1,220 shares in the last quarter. Finally, Financial Consulate Inc. acquired a new position in Eagle Bancorp during the third quarter valued at approximately $34,000. 78.03% of the stock is owned by institutional investors and hedge funds.

Eagle Bancorp Company Profile

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.