A number of other research analysts have also weighed in on EGBN. Boenning Scattergood lowered shares of Eagle Bancorp from an outperform rating to a neutral rating and set a $46.00 price target on the stock. in a research report on Friday, October 18th. Zacks Investment Research raised shares of Eagle Bancorp from a sell rating to a hold rating in a research report on Monday, September 23rd. Janney Montgomery Scott lowered shares of Eagle Bancorp from a buy rating to a neutral rating in a research report on Tuesday, September 24th. ValuEngine raised shares of Eagle Bancorp from a sell rating to a hold rating in a research report on Friday, January 3rd. Finally, Stephens assumed coverage on shares of Eagle Bancorp in a research report on Monday, January 6th. They set an equal weight rating and a $50.00 price target on the stock. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $50.75.
Shares of EGBN traded down $1.33 during trading hours on Friday, reaching $46.13. 285,057 shares of the stock traded hands, compared to its average volume of 163,614. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $47.40 and a 200 day simple moving average of $44.87. Eagle Bancorp has a 52 week low of $37.08 and a 52 week high of $60.77. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.57 and a beta of 0.90.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). Eagle Bancorp had a net margin of 31.39% and a return on equity of 12.60%. The firm had revenue of $87.44 million for the quarter, compared to the consensus estimate of $85.61 million. Analysts predict that Eagle Bancorp will post 4.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, January 14th. Eagle Bancorp’s dividend payout ratio is 20.37%.
A number of hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc raised its position in shares of Eagle Bancorp by 84.4% in the third quarter. Versant Capital Management Inc now owns 900 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 412 shares during the period. SG Americas Securities LLC bought a new stake in shares of Eagle Bancorp in the third quarter valued at approximately $164,000. 6 Meridian bought a new stake in shares of Eagle Bancorp in the third quarter valued at approximately $253,000. Everence Capital Management Inc. bought a new stake in shares of Eagle Bancorp in the third quarter valued at approximately $258,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Eagle Bancorp in the second quarter valued at approximately $302,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.
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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