Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $69.31.
A number of research analysts have recently issued reports on EGBN shares. Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Wednesday. BidaskClub upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Boenning Scattergood reiterated a “buy” rating and set a $72.25 price objective on shares of Eagle Bancorp in a report on Wednesday, March 28th. Finally, ValuEngine upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, May 23rd.
Shares of NASDAQ EGBN opened at $62.70 on Friday. The stock has a market cap of $2.14 billion, a PE ratio of 18.72 and a beta of 0.87. Eagle Bancorp has a 1 year low of $46.20 and a 1 year high of $69.80. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.
Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The firm had revenue of $81.10 million during the quarter, compared to analysts’ expectations of $75.06 million. Eagle Bancorp had a net margin of 29.77% and a return on equity of 13.10%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share. research analysts anticipate that Eagle Bancorp will post 4.33 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in EGBN. Millennium Management LLC boosted its holdings in Eagle Bancorp by 367.6% during the fourth quarter. Millennium Management LLC now owns 421,467 shares of the financial services provider’s stock worth $24,403,000 after purchasing an additional 331,328 shares during the last quarter. Basswood Capital Management L.L.C. boosted its holdings in Eagle Bancorp by 161.0% during the fourth quarter. Basswood Capital Management L.L.C. now owns 120,077 shares of the financial services provider’s stock worth $6,952,000 after purchasing an additional 74,063 shares during the last quarter. BlackRock Inc. boosted its holdings in Eagle Bancorp by 2.4% during the fourth quarter. BlackRock Inc. now owns 2,132,141 shares of the financial services provider’s stock worth $123,452,000 after purchasing an additional 49,878 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Eagle Bancorp by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 956,643 shares of the financial services provider’s stock worth $57,255,000 after acquiring an additional 46,499 shares during the period. Finally, State of Wisconsin Investment Board bought a new stake in Eagle Bancorp in the fourth quarter worth about $2,605,000. Institutional investors and hedge funds own 69.50% of the company’s stock.
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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