Wall Street Zen Upgrades Eagle Bancorp (NASDAQ:EGBN) to Hold

Eagle Bancorp (NASDAQ:EGBN) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other research analysts have also recently issued reports on the stock. Zacks Research cut shares of Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Eagle Bancorp in a report on Wednesday, January 21st. Piper Sandler raised their target price on Eagle Bancorp from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Finally, UBS Group set a $25.00 price target on Eagle Bancorp in a report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.60.

Eagle Bancorp Stock Down 0.9%

Shares of EGBN stock opened at $24.26 on Friday. Eagle Bancorp has a fifty-two week low of $15.03 and a fifty-two week high of $29.26. The firm has a market capitalization of $736.53 million, a PE ratio of -5.76 and a beta of 1.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.87. The stock’s 50-day simple moving average is $25.11 and its 200-day simple moving average is $21.53.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, January 21st. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.37. Eagle Bancorp had a negative return on equity of 10.93% and a negative net margin of 20.19%.The firm had revenue of $80.50 million during the quarter, compared to the consensus estimate of $67.81 million. Equities analysts expect that Eagle Bancorp will post 2.31 earnings per share for the current year.

Institutional Trading of Eagle Bancorp

Several institutional investors have recently made changes to their positions in EGBN. Farther Finance Advisors LLC grew its position in Eagle Bancorp by 128.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 782 shares during the period. Versant Capital Management Inc raised its position in Eagle Bancorp by 102.2% in the third quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 753 shares during the period. Financial Consulate Inc. purchased a new stake in Eagle Bancorp in the third quarter valued at $34,000. Hantz Financial Services Inc. lifted its stake in shares of Eagle Bancorp by 298.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,176 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 2,378 shares during the last quarter. Finally, MAI Capital Management grew its holdings in shares of Eagle Bancorp by 24.2% during the 2nd quarter. MAI Capital Management now owns 3,448 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 671 shares during the period. Hedge funds and other institutional investors own 78.03% of the company’s stock.

About Eagle Bancorp

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.