Keefe, Bruyette & Woods Lowers Eagle Bancorp (NASDAQ:EGBN) Price Target to $30.00

Eagle Bancorp (NASDAQ:EGBN) had its price target decreased by analysts at Keefe, Bruyette & Woods from $32.00 to $30.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 17.83% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Piper Sandler reduced their price target on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a research note on Friday. StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.

Eagle Bancorp Stock Up 0.7 %

Shares of EGBN opened at $25.46 on Monday. The stock has a 50 day moving average price of $27.05 and a 200 day moving average price of $24.33. The stock has a market capitalization of $768.89 million, a price-to-earnings ratio of -16.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.86. Eagle Bancorp has a one year low of $15.99 and a one year high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.69%. Equities research analysts forecast that Eagle Bancorp will post 2.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Eagle Bancorp

A number of hedge funds have recently added to or reduced their stakes in EGBN. Dimensional Fund Advisors LP lifted its position in Eagle Bancorp by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,409,440 shares of the financial services provider’s stock worth $26,637,000 after buying an additional 169,621 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Eagle Bancorp by 401.1% in the second quarter. Renaissance Technologies LLC now owns 105,636 shares of the financial services provider’s stock worth $1,997,000 after acquiring an additional 84,556 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Eagle Bancorp by 9.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,007 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 1,112 shares during the last quarter. Sei Investments Co. grew its stake in Eagle Bancorp by 50.4% in the second quarter. Sei Investments Co. now owns 25,857 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 8,662 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Eagle Bancorp by 39.9% during the second quarter. Thrivent Financial for Lutherans now owns 115,739 shares of the financial services provider’s stock valued at $2,188,000 after buying an additional 33,021 shares in the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

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. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.