Eagle Bancorp (NASDAQ:EGBN) Raised to Hold at Wall Street Zen

Eagle Bancorp (NASDAQ:EGBN) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

EGBN has been the topic of a number of other research reports. UBS Group set a $25.00 target price on Eagle Bancorp in a report on Tuesday, January 27th. Zacks Research downgraded Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Piper Sandler raised their price objective on Eagle Bancorp from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Eagle Bancorp in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.60.

Eagle Bancorp Price Performance

Shares of NASDAQ:EGBN opened at $24.26 on Friday. The firm has a 50 day moving average of $25.11 and a 200-day moving average of $21.50. The stock has a market capitalization of $736.53 million, a PE ratio of -5.76 and a beta of 1.03. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. Eagle Bancorp has a 12 month low of $15.03 and a 12 month high of $29.26.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results 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 net margin of 20.19% and a negative return on equity of 10.93%. The business had revenue of $80.50 million for the quarter, compared to analyst estimates of $67.81 million. On average, equities research analysts predict that Eagle Bancorp will post 2.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Eagle Bancorp

Several hedge funds have recently modified their holdings of EGBN. Farther Finance Advisors LLC increased its holdings 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 in the last quarter. 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 worth $30,000 after purchasing an additional 753 shares during the last quarter. Financial Consulate Inc. bought a new stake in shares of Eagle Bancorp during the third quarter worth about $34,000. Hantz Financial Services Inc. increased its stake in shares of Eagle Bancorp by 298.0% in the third 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 during the period. Finally, MAI Capital Management raised its holdings in 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 buying an additional 671 shares during the last quarter. Institutional investors and hedge funds 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.