Sandler O’Neill reaffirmed their hold rating on shares of Eagle Bancorp (NASDAQ:EGBN) in a research report released on Thursday morning, BenzingaRatingsTable reports.
A number of other equities analysts have also recently commented on EGBN. BidaskClub cut shares of Walgreens Boots Alliance from a sell rating to a strong sell rating in a research report on Monday, June 24th. Boenning Scattergood reissued an outperform rating and set a $47.75 target price on shares of WSFS Financial in a report on Thursday, June 20th. Piper Jaffray Companies set a $173.00 target price on DexCom and gave the stock a buy rating in a report on Monday, July 15th. ValuEngine raised Xylem from a hold rating to a buy rating in a report on Friday, June 21st. Finally, FIG Partners reissued an outperform rating on shares of Eagle Bancorp in a report on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $59.40.
EGBN stock opened at $39.63 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 1.05. The stock’s fifty day moving average is $53.79. Eagle Bancorp has a one year low of $38.67 and a one year high of $60.77. The company has a market capitalization of $1.37 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.05). Eagle Bancorp had a return on equity of 13.77% and a net margin of 33.71%. The company had revenue of $87.70 million for the quarter, compared to the consensus estimate of $82.37 million. During the same period last year, the firm earned $1.09 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts expect that Eagle Bancorp will post 4.44 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank acquired a new stake in shares of Eagle Bancorp during the fourth quarter worth $238,000. Geode Capital Management LLC raised its stake in Eagle Bancorp by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 359,231 shares of the financial services provider’s stock valued at $17,498,000 after purchasing an additional 19,912 shares in the last quarter. Legal & General Group Plc raised its stake in Eagle Bancorp by 513.6% in the fourth quarter. Legal & General Group Plc now owns 74,821 shares of the financial services provider’s stock valued at $3,651,000 after purchasing an additional 62,627 shares in the last quarter. Surevest Inc. acquired a new position in Eagle Bancorp in the fourth quarter valued at about $1,476,000. Finally, Great West Life Assurance Co. Can raised its stake in Eagle Bancorp by 827.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 41,457 shares of the financial services provider’s stock valued at $1,866,000 after purchasing an additional 36,987 shares in the last quarter. 76.01% 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. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.
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