Eagle Bancorp (NASDAQ:EGBN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Eagle Bancorp, Inc. (NASDAQ:EGBN)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.94 and traded as high as $26.56. Eagle Bancorp shares last traded at $26.45, with a volume of 242,044 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Piper Sandler boosted their target price on Eagle Bancorp from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. UBS Group set a $25.00 price objective on Eagle Bancorp in a report on Tuesday, January 27th. Zacks Research raised Eagle Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Eagle Bancorp in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.60.

Eagle Bancorp Price Performance

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 market cap of $803.29 million, a price-to-earnings ratio of -6.28 and a beta of 1.04. The stock has a 50-day moving average of $24.16 and a two-hundred day moving average of $20.94.

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

Eagle Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a $0.01 dividend. 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 dividend payout ratio (DPR) is currently -0.95%.

Institutional Trading of Eagle Bancorp

Hedge funds have recently modified their holdings of the business. Versant Capital Management Inc grew its holdings 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 valued at $30,000 after buying an additional 753 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of 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 valued at $30,000 after purchasing an additional 782 shares during the period. Financial Consulate Inc. acquired a new stake in shares of Eagle Bancorp during the third quarter worth approximately $34,000. Hantz Financial Services Inc. boosted its holdings in shares of Eagle Bancorp by 298.0% during the third quarter. Hantz Financial Services Inc. now owns 3,176 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 2,378 shares during the period. Finally, MAI Capital Management grew its position in 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 purchasing an additional 671 shares in the last quarter. Hedge funds and other institutional investors own 78.03% of the company’s stock.

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.