Eagle Bancorp (NASDAQ:EGBN) Given New $21.00 Price Target at Piper Sandler

Eagle Bancorp (NASDAQ:EGBN) had its price objective cut by analysts at Piper Sandler from $25.00 to $21.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price target would indicate a potential upside of 20.41% from the company’s previous close.

Separately, Keefe, Bruyette & Woods reduced their price target on Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday.

Eagle Bancorp Trading Down 1.7 %

NASDAQ EGBN traded down $0.30 during mid-day trading on Monday, hitting $17.44. The company’s stock had a trading volume of 136,599 shares, compared to its average volume of 331,761. The firm has a market capitalization of $529.65 million, a P/E ratio of -11.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. Eagle Bancorp has a 52-week low of $15.99 and a 52-week high of $30.94. The stock’s fifty day simple moving average is $21.08 and its two-hundred day simple moving average is $24.71.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.40). Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. The business had revenue of $73.86 million for the quarter, compared to analyst estimates of $71.93 million. Research analysts expect that Eagle Bancorp will post 2.31 EPS for the current year.

Insider Buying and Selling

In other Eagle Bancorp news, CFO Eric R. Newell bought 1,170 shares of Eagle Bancorp stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $21.37 per share, for a total transaction of $25,002.90. Following the purchase, the chief financial officer now owns 28,733 shares in the company, valued at $614,024.21. This represents a 4.24 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

Institutional Trading of Eagle Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its position in shares of Eagle Bancorp by 353.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 775 shares during the last quarter. R Squared Ltd bought a new position in Eagle Bancorp during the 4th quarter worth approximately $51,000. Millstone Evans Group LLC acquired a new position in shares of Eagle Bancorp in the 4th quarter worth approximately $59,000. Russell Investments Group Ltd. increased its holdings in shares of Eagle Bancorp by 42.0% in the 4th quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 933 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Eagle Bancorp by 45.7% during the 4th quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 1,116 shares in the last quarter. 78.03% of the stock is 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. 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.