Eagle Bancorp (EGBN) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Eagle Bancorp (NASDAQ:EGBN) from a buy rating to a hold rating in a report issued on Wednesday, March 21st.

According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “

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EGBN has been the subject of a number of other research reports. Keefe, Bruyette & Woods upgraded shares of Eagle Bancorp from a market perform rating to an outperform rating in a research note on Monday, December 4th. Stephens upgraded shares of Eagle Bancorp from an equal weight rating to an overweight rating and set a $69.00 price target for the company in a research note on Friday, January 19th. Finally, BidaskClub upgraded shares of Eagle Bancorp from a sell rating to a hold rating in a research note on Friday, December 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Eagle Bancorp currently has an average rating of Buy and a consensus target price of $68.85.

EGBN stock traded down $0.50 during trading hours on Wednesday, reaching $60.00. The stock had a trading volume of 241,488 shares, compared to its average volume of 140,536. The stock has a market cap of $2,075.61, a P/E ratio of 17.91 and a beta of 0.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05. Eagle Bancorp has a fifty-two week low of $46.20 and a fifty-two week high of $69.80.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $84.86 million during the quarter, compared to analysts’ expectations of $80.80 million. Eagle Bancorp had a net margin of 28.32% and a return on equity of 12.49%. equities research analysts anticipate that Eagle Bancorp will post 4.35 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its stake in shares of Eagle Bancorp by 984.3% during the 4th quarter. Meeder Asset Management Inc. now owns 2,624 shares of the financial services provider’s stock worth $152,000 after buying an additional 2,382 shares during the last quarter. Zions Bancorporation acquired a new stake in shares of Eagle Bancorp during the 3rd quarter worth about $231,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Eagle Bancorp during the 4th quarter worth about $236,000. Oppenheimer Asset Management Inc. lifted its stake in shares of Eagle Bancorp by 38.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,966 shares of the financial services provider’s stock worth $266,000 after buying an additional 1,092 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Eagle Bancorp by 29.2% during the 4th quarter. D.A. Davidson & CO. now owns 4,830 shares of the financial services provider’s stock worth $280,000 after buying an additional 1,091 shares during the last quarter. Institutional investors own 69.87% of the company’s stock.

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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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