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

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $23.60.

Several research firms have weighed in on EGBN. Weiss Ratings restated a “sell (d)” rating on shares of Eagle Bancorp in a research note on Wednesday, January 21st. Zacks Research raised Eagle Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. UBS Group set a $25.00 price target on shares of Eagle Bancorp in a report on Tuesday, January 27th. Finally, Piper Sandler lifted their price objective on Eagle Bancorp from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd.

Insider Buying and Selling

In related news, Director Louis P. Jr. Mathews purchased 1,500 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was purchased at an average cost of $17.20 per share, with a total value of $25,800.00. Following the completion of the purchase, the director owned 10,157 shares in the company, valued at approximately $174,700.40. This trade represents a 17.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric R. Newell bought 3,050 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average cost of $16.55 per share, with a total value of $50,477.50. Following the completion of the transaction, the chief financial officer directly owned 33,615 shares in the company, valued at $556,328.25. This represents a 9.98% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 6,050 shares of company stock valued at $101,538. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Eagle Bancorp

Hedge funds have recently bought and sold shares of the business. North Reef Capital Management LP boosted its stake in Eagle Bancorp by 558.2% during the 3rd quarter. North Reef Capital Management LP now owns 2,632,918 shares of the financial services provider’s stock valued at $53,238,000 after purchasing an additional 2,232,918 shares during the last quarter. Geode Capital Management LLC grew its holdings in Eagle Bancorp by 0.6% during the second quarter. Geode Capital Management LLC now owns 733,007 shares of the financial services provider’s stock valued at $14,281,000 after purchasing an additional 4,392 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Eagle Bancorp by 5.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 644,957 shares of the financial services provider’s stock worth $13,041,000 after acquiring an additional 32,787 shares during the period. Fourthstone LLC boosted its position in Eagle Bancorp by 63.6% during the second quarter. Fourthstone LLC now owns 644,930 shares of the financial services provider’s stock worth $12,563,000 after purchasing an additional 250,729 shares during the period. Finally, Wellington Management Group LLP bought a new position in Eagle Bancorp in the 3rd quarter worth approximately $12,314,000. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Trading Down 1.3%

Shares of EGBN stock opened at $27.21 on Thursday. The stock has a 50 day simple moving average of $22.93 and a 200 day simple moving average of $20.14. The stock has a market cap of $826.37 million, a P/E ratio of -6.46 and a beta of 1.04. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. Eagle Bancorp has a 1 year low of $15.03 and a 1 year high of $29.26.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.37. The company had revenue of $80.50 million for the quarter, compared to analysts’ expectations of $67.81 million. Eagle Bancorp had a negative return on equity of 10.91% and a negative net margin of 20.19%. On average, research analysts predict that Eagle Bancorp will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, February 2nd will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Eagle Bancorp’s dividend payout ratio (DPR) is -0.95%.

Eagle Bancorp Company Profile

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.