Eagle Bancorp (NASDAQ:EGBN) Given a $20.00 Price Target at Jefferies Financial Group

Eagle Bancorp (NASDAQ:EGBN) has been assigned a $20.00 price target by analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price target indicates a potential upside of 14.09% from the company’s previous close.

Other analysts also recently issued reports about the stock. Keefe, Bruyette & Woods lowered their price target on shares of Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. Piper Sandler lowered their price target on shares of Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, April 28th.

Eagle Bancorp Stock Performance

NASDAQ EGBN opened at $17.53 on Wednesday. Eagle Bancorp has a 52-week low of $15.99 and a 52-week high of $30.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. The company has a market capitalization of $532.51 million, a P/E ratio of -11.17 and a beta of 1.02. The company has a fifty day moving average of $19.63 and a 200-day moving average of $23.84.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.40). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. The company had revenue of $73.86 million for the quarter, compared to the consensus estimate of $71.93 million. As a group, equities research analysts predict that Eagle Bancorp will post 2.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Eagle Bancorp news, CFO Eric R. Newell purchased 1,170 shares of the stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $21.37 per share, with a total value of $25,002.90. Following the completion of the purchase, the chief financial officer now directly owns 28,733 shares of the company’s stock, valued at approximately $614,024.21. This trade represents a 4.24% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.39% of the stock is currently owned by insiders.

Institutional Trading of Eagle Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its stake in shares of Eagle Bancorp by 934.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 26,346 shares of the financial services provider’s stock valued at $686,000 after acquiring an additional 23,800 shares during the last quarter. R Squared Ltd bought a new position in shares of Eagle Bancorp during the fourth quarter valued at about $51,000. Empowered Funds LLC raised its stake in shares of Eagle Bancorp by 95.0% during the fourth quarter. Empowered Funds LLC now owns 55,189 shares of the financial services provider’s stock valued at $1,437,000 after acquiring an additional 26,889 shares during the last quarter. Savant Capital LLC bought a new position in shares of Eagle Bancorp during the fourth quarter valued at about $231,000. Finally, Rhumbline Advisers raised its stake in shares of Eagle Bancorp by 4.0% during the fourth quarter. Rhumbline Advisers now owns 99,351 shares of the financial services provider’s stock valued at $2,586,000 after acquiring an additional 3,810 shares during the last quarter. 78.03% of the stock is owned by institutional investors.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.