Eagle Bancorp (EGBN) Given Buy Rating at Boenning Scattergood

Boenning Scattergood reissued their buy rating on shares of Eagle Bancorp (NASDAQ:EGBN) in a research report released on Thursday.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Eagle Bancorp from a hold rating to a sell rating in a report on Tuesday, September 18th. Gabelli began coverage on Eagle Bancorp in a report on Monday, August 27th. They issued a buy rating and a $74.00 target price for the company. BidaskClub cut Eagle Bancorp from a sell rating to a strong sell rating in a report on Friday, August 3rd. ValuEngine cut Eagle Bancorp from a sell rating to a strong sell rating in a report on Friday, July 20th. Finally, Stephens reiterated a buy rating and issued a $68.00 target price on shares of Eagle Bancorp in a report on Friday, July 20th. Three investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $69.25.

Eagle Bancorp stock traded down $0.21 during mid-day trading on Thursday, hitting $52.03. The company’s stock had a trading volume of 10,658 shares, compared to its average volume of 208,942. The company has a market capitalization of $1.70 billion, a PE ratio of 15.70 and a beta of 0.61. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.21. Eagle Bancorp has a one year low of $46.20 and a one year high of $69.80.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.02. Eagle Bancorp had a return on equity of 14.41% and a net margin of 31.86%. The company had revenue of $86.93 million for the quarter, compared to the consensus estimate of $85.67 million. During the same quarter in the prior year, the company posted $0.87 EPS. As a group, research analysts anticipate that Eagle Bancorp will post 4.35 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of EGBN. Mount Yale Investment Advisors LLC purchased a new stake in shares of Eagle Bancorp during the 1st quarter worth $152,000. Zeke Capital Advisors LLC purchased a new stake in shares of Eagle Bancorp during the 2nd quarter worth $200,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Eagle Bancorp during the 2nd quarter worth $202,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Eagle Bancorp during the 1st quarter worth $344,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Eagle Bancorp by 32.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,758 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 1,914 shares during the last quarter. Hedge funds and other institutional investors own 69.47% of the company’s stock.

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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