Eagle Bancorp, Inc. (EGBN) – What Are Analysts Saying About This Stock?

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have earned an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $31.00.

Several equities research analysts have recently weighed in on EGBN shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Eagle Bancorp in a research report on Wednesday, September 2nd. Zacks Research raised shares of Eagle Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Hovde Group assumed coverage on shares of Eagle Bancorp in a research report on Wednesday, October 7th. They set an “outperform” rating and a $37.00 price objective for the company.

Eagle Bancorp Price Performance

NASDAQ EGBN opened at $33.81 on Friday. Eagle Bancorp has a twelve month low of $15.58 and a twelve month high of $35.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $1.03 billion, a PE ratio of 19.32 and a beta of 0.97. The stock has a 50-day simple moving average of $29.35 and a 200 day simple moving average of $27.36.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.45. The firm had revenue of $70.87 million for the quarter, compared to analyst estimates of $71.78 million. Eagle Bancorp had a return on equity of 4.66% and a net margin of 9.30%. Research analysts anticipate that Eagle Bancorp will post 1.84 EPS for the current year.

Eagle Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Friday, November 6th 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 is Friday, November 6th. Eagle Bancorp’s payout ratio is currently 2.29%.

Hedge Funds Weigh In On Eagle Bancorp

Several large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in shares of Eagle Bancorp by 288.1% during the third quarter. Russell Investments Group Ltd. now owns 56,195 shares of the financial services provider’s stock valued at $1,562,000 after purchasing an additional 41,717 shares during the period. Parallel Advisors LLC lifted its position in Eagle Bancorp by 502.7% in the third quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,106 shares during the period. Hughes Financial Services LLC lifted its position in Eagle Bancorp by 693,000.0% in the third quarter. Hughes Financial Services LLC now owns 6,931 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 6,930 shares during the period. State of Wyoming bought a new position in Eagle Bancorp in the third quarter worth $279,000. Finally, Hilton Head Capital Partners LLC boosted its stake in Eagle Bancorp by 3.3% during the third quarter. Hilton Head Capital Partners LLC now owns 19,011 shares of the financial services provider’s stock worth $528,000 after buying an additional 599 shares in the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial banking institution headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, professional practices, nonprofit organizations and individual customers primarily in the Washington, DC, metropolitan region, including communities in Maryland and Northern Virginia.

EagleBank provides commercial and retail banking services, including business and personal checking and savings accounts, commercial real estate lending, construction financing, commercial and industrial loans, residential mortgages and other credit products.