Eagle Bancorp, Inc. (NASDAQ:EGBN) Given Consensus Rating of “Hold” by Analysts

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $27.50.

EGBN has been the subject of a number of recent research reports. UBS Group set a $25.00 target price on Eagle Bancorp in a research note on Tuesday, January 27th. Piper Sandler increased their price target on Eagle Bancorp from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Eagle Bancorp in a report on Wednesday, January 21st. Raymond James Financial started coverage on Eagle Bancorp in a report on Tuesday, April 14th. They set a “strong-buy” rating and a $32.00 price target for the company. Finally, Wall Street Zen upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, March 14th.

Hedge Funds Weigh In On Eagle Bancorp

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its holdings in shares of Eagle Bancorp by 128.6% during 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 during the period. Versant Capital Management Inc grew its holdings in shares of Eagle Bancorp by 102.2% during the 3rd 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 period. Cassaday & Co Wealth Management LLC purchased a new position in shares of Eagle Bancorp during the 1st quarter worth $37,000. Hantz Financial Services Inc. boosted its holdings in Eagle Bancorp by 298.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,176 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 2,378 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Eagle Bancorp by 113.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 2,172 shares during the period. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Stock Up 3.0%

Shares of EGBN opened at $25.80 on Friday. Eagle Bancorp has a 52-week low of $15.03 and a 52-week high of $29.26. The company has a market capitalization of $786.90 million, a PE ratio of -6.81 and a beta of 0.96. The stock has a fifty day simple moving average of $25.65 and a two-hundred day simple moving average of $23.44. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.20. Eagle Bancorp had a negative return on equity of 10.03% and a negative net margin of 18.65%.The business had revenue of $76.40 million during the quarter, compared to the consensus estimate of $77.37 million. As a group, equities analysts forecast that Eagle Bancorp will post 1.79 EPS for the current year.

Eagle Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, May 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Eagle Bancorp’s dividend payout ratio is currently -1.06%.

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.