Eagle Bancorp, Inc. (NASDAQ:EGBN) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $69.00.

Several research analysts have recently weighed in on the stock. BidaskClub lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $65.00 price objective on shares of Eagle Bancorp in a report on Friday, July 20th. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Wednesday, June 20th. ValuEngine raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, May 23rd. Finally, Gabelli started coverage on shares of Eagle Bancorp in a research report on Monday, August 27th. They set a “buy” rating and a $74.00 target price for the company.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wasatch Advisors Inc. increased its position in Eagle Bancorp by 11.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,975,981 shares of the financial services provider’s stock worth $182,428,000 after purchasing an additional 300,356 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Eagle Bancorp during the 1st quarter worth approximately $155,000. Principal Financial Group Inc. increased its position in Eagle Bancorp by 14.2% during the 1st quarter. Principal Financial Group Inc. now owns 19,871 shares of the financial services provider’s stock worth $1,190,000 after purchasing an additional 2,466 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Eagle Bancorp during the 2nd quarter worth approximately $500,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Eagle Bancorp during the 2nd quarter worth approximately $202,000. 69.75% of the stock is owned by hedge funds and other institutional investors.

Shares of EGBN stock traded up $0.10 during trading hours on Wednesday, hitting $54.30. 42,889 shares of the company were exchanged, compared to its average volume of 79,139. The firm has a market cap of $1.86 billion, a P/E ratio of 16.21 and a beta of 0.64. Eagle Bancorp has a 1 year low of $46.20 and a 1 year high of $69.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.04 and a quick ratio of 1.04.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $1.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. The business had revenue of $83.80 million for the quarter, compared to analyst estimates of $77.84 million. Eagle Bancorp had a net margin of 31.06% and a return on equity of 13.67%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS. analysts expect that Eagle Bancorp will post 4.35 earnings per share for the current fiscal year.

About Eagle Bancorp

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.

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