Eagle Bancorp, Inc. (NASDAQ:EGBN) has been given an average recommendation of “Hold” by the eleven ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $50.33.
Several analysts recently commented on EGBN shares. BidaskClub downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Boenning Scattergood cut shares of Eagle Bancorp from an “outperform” rating to a “neutral” rating and set a $46.00 target price for the company. in a report on Friday, October 18th. ValuEngine raised shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Finally, Janney Montgomery Scott cut shares of Eagle Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, September 24th.
Shares of NASDAQ EGBN traded up $0.67 on Friday, reaching $44.99. 170,326 shares of the company’s stock traded hands, compared to its average volume of 238,027. Eagle Bancorp has a 12 month low of $37.08 and a 12 month high of $60.77. The business’s 50 day simple moving average is $44.86 and its two-hundred day simple moving average is $46.41. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21.
Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.03. Eagle Bancorp had a return on equity of 13.24% and a net margin of 32.62%. The business had revenue of $87.30 million for the quarter, compared to the consensus estimate of $81.08 million. During the same period in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts forecast that Eagle Bancorp will post 4.35 earnings per share for the current fiscal year.
In other news, EVP Antonio F. Marquez sold 2,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $41.79, for a total transaction of $104,475.00. Following the transaction, the executive vice president now directly owns 27,799 shares of the company’s stock, valued at $1,161,720.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.25% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its position in Eagle Bancorp by 1.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 12,439 shares of the financial services provider’s stock valued at $673,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System increased its position in shares of Eagle Bancorp by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 49,293 shares of the financial services provider’s stock valued at $2,668,000 after purchasing an additional 448 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Eagle Bancorp by 16.4% during the 2nd quarter. Fisher Asset Management LLC now owns 62,033 shares of the financial services provider’s stock valued at $3,358,000 after purchasing an additional 8,719 shares during the last quarter. Aperio Group LLC increased its position in shares of Eagle Bancorp by 3.9% during the 2nd quarter. Aperio Group LLC now owns 7,420 shares of the financial services provider’s stock valued at $402,000 after purchasing an additional 280 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Eagle Bancorp by 2.2% in the 2nd quarter. Swiss National Bank now owns 60,832 shares of the financial services provider’s stock worth $3,293,000 after purchasing an additional 1,300 shares during the period. 70.65% of the stock is owned by hedge funds and other institutional investors.
About Eagle Bancorp
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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