Eagle Bancorp, Inc. (NASDAQ:EGBN) Receives Average Recommendation of “Hold” from Brokerages

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have earned a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $23.60.

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

Eagle Bancorp Trading Down 3.3%

Shares of EGBN stock opened at $25.45 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.07. The firm has a market cap of $772.94 million, a P/E ratio of -6.05 and a beta of 1.04. The company has a 50 day moving average of $24.34 and a 200-day moving average of $21.08. Eagle Bancorp has a 12-month low of $15.03 and a 12-month high of $29.26.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.37. Eagle Bancorp had a negative return on equity of 10.91% and a negative net margin of 20.19%.The business had revenue of $80.50 million during the quarter, compared to analyst estimates of $67.81 million. Sell-side analysts anticipate that Eagle Bancorp will post 2.31 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, February 2nd. Eagle Bancorp’s payout ratio is presently -0.95%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EGBN. Versant Capital Management Inc lifted its holdings in shares of Eagle Bancorp by 102.2% in the third quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider’s stock worth $30,000 after buying an additional 753 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Eagle Bancorp by 128.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 782 shares in the last quarter. Financial Consulate Inc. bought a new stake in Eagle Bancorp during the 3rd quarter worth approximately $34,000. Hantz Financial Services Inc. lifted its stake in Eagle Bancorp by 298.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,176 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 2,378 shares in the last quarter. Finally, MAI Capital Management lifted its stake in Eagle Bancorp by 24.2% in the 2nd quarter. MAI Capital Management now owns 3,448 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 671 shares in the last quarter. Institutional investors own 78.03% of the company’s stock.

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.