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

Eagle Bancorp (NASDAQ:EGBN) had its target price dropped by investment analysts at Keefe, Bruyette & Woods from $32.00 to $30.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 17.83% from the stock’s current price.

Several other research analysts also recently issued reports on EGBN. 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 report on Friday. StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th.

Eagle Bancorp Stock Up 0.7 %

EGBN opened at $25.46 on Monday. The firm has a market cap of $768.89 million, a P/E ratio of -16.22 and a beta of 1.10. Eagle Bancorp has a twelve month low of $15.99 and a twelve month high of $30.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.86. The business has a 50 day moving average price of $27.05 and a 200 day moving average price of $24.33.

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 positive return on equity of 4.69% and a negative net margin of 6.65%. Research analysts forecast that Eagle Bancorp will post 2.42 EPS for the current year.

Hedge Funds Weigh In On Eagle Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Eagle Bancorp during the 4th quarter worth approximately $51,000. Nisa Investment Advisors LLC increased its holdings in Eagle Bancorp by 934.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 26,346 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 23,800 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in Eagle Bancorp by 16.8% in the 4th quarter. Hennessy Advisors Inc. now owns 146,000 shares of the financial services provider’s stock valued at $3,800,000 after buying an additional 21,000 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Eagle Bancorp by 45.7% in the fourth quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 1,116 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Eagle Bancorp by 44.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,254 shares of the financial services provider’s stock valued at $3,573,000 after buying an additional 48,749 shares during 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.