Brokerages Set Eagle Bancorp, Inc. (NASDAQ:EGBN) Target Price at $23.60

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have received a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $23.60.

Several research firms have recently commented on EGBN. Piper Sandler raised their price target on Eagle Bancorp from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. UBS Group set a $25.00 target price on Eagle Bancorp in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Eagle Bancorp in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Eagle Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd.

Insider Buying and Selling

In other Eagle Bancorp news, Director Louis P. Jr. Mathews purchased 1,500 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was bought at an average price of $17.20 per share, with a total value of $25,800.00. Following the transaction, the director directly owned 10,157 shares of the company’s stock, valued at approximately $174,700.40. This represents a 17.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eric R. Newell acquired 3,050 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were bought at an average cost of $16.55 per share, for a total transaction of $50,477.50. Following the transaction, the chief financial officer directly owned 33,615 shares of the company’s stock, valued at approximately $556,328.25. This trade represents a 9.98% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 6,050 shares of company stock worth $101,538. 3.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Eagle Bancorp

Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its position in shares of 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 worth $30,000 after buying an additional 753 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Eagle Bancorp by 128.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 782 shares during the last quarter. Financial Consulate Inc. purchased a new position in Eagle Bancorp in the third quarter worth approximately $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 worth $64,000 after acquiring an additional 2,378 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of Eagle Bancorp by 24.2% in the 2nd quarter. MAI Capital Management now owns 3,448 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 671 shares during the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Trading Up 1.6%

Shares of EGBN stock opened at $27.58 on Thursday. Eagle Bancorp has a 1-year low of $15.03 and a 1-year high of $29.26. The firm has a market cap of $837.60 million, a PE ratio of -6.55 and a beta of 1.04. The company has a 50-day moving average of $22.79 and a two-hundred day moving average of $20.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.86.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.37. Eagle Bancorp had a negative net margin of 20.19% and a negative return on equity of 10.91%. The firm had revenue of $80.50 million during the quarter, compared to analysts’ expectations of $67.81 million. On average, analysts predict that Eagle Bancorp will post 2.31 EPS for the current year.

Eagle Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, February 2nd. Eagle Bancorp’s dividend payout ratio is presently -0.95%.

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.