Eagle Bancorp, Inc. (NASDAQ:EGBN) Receives $26.00 Consensus Price Target from Analysts

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.50.

A number of equities research analysts recently weighed in on the company. Raymond James Financial assumed coverage on Eagle Bancorp in a research report on Tuesday, April 14th. They set a “strong-buy” rating and a $32.00 price objective on the stock. UBS Group set a $25.00 price objective on Eagle Bancorp in a research report on Tuesday, January 27th. Piper Sandler boosted their price objective on Eagle Bancorp from $27.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Wall Street Zen upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Zacks Research lowered Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th.

Institutional Investors Weigh In On Eagle Bancorp

Institutional investors have recently made changes to their positions in the stock. North Reef Capital Management LP grew its position in shares of Eagle Bancorp by 558.2% in 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 buying an additional 2,232,918 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Eagle Bancorp by 851.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 143,480 shares of the financial services provider’s stock valued at $2,901,000 after buying an additional 128,396 shares during the last quarter. SummerHaven Investment Management LLC bought a new stake in shares of Eagle Bancorp in the 3rd quarter valued at about $806,000. Sippican Capital Advisors grew its position in shares of Eagle Bancorp by 161.3% in the 4th quarter. Sippican Capital Advisors now owns 98,680 shares of the financial services provider’s stock valued at $2,114,000 after buying an additional 60,920 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of Eagle Bancorp by 43.1% in the 3rd quarter. Quantbot Technologies LP now owns 70,393 shares of the financial services provider’s stock valued at $1,423,000 after buying an additional 21,194 shares during the last quarter. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Trading Up 0.4%

Shares of EGBN opened at $26.19 on Friday. Eagle Bancorp has a 52-week low of $15.03 and a 52-week high of $29.26. The business’s fifty day moving average is $25.71 and its 200-day moving average is $23.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $798.69 million, a price-to-earnings ratio of -6.91 and a beta of 0.96.

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

Eagle Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given 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 yield of 0.2%. Eagle Bancorp’s 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.