Brokerages Set Eagle Bancorp, Inc. (NASDAQ:EGBN) Price Target at $50.33

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have received an average rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $50.33.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. ValuEngine upgraded Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Boenning Scattergood downgraded Eagle Bancorp from an “outperform” rating to a “neutral” rating and set a $46.00 price target for the company. in a research report on Friday, October 18th. BidaskClub cut shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Janney Montgomery Scott downgraded shares of Eagle Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, September 24th.

In related news, EVP Antonio F. Marquez sold 2,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $41.79, for a total transaction of $104,475.00. Following the sale, the executive vice president now owns 27,799 shares in the company, valued at $1,161,720.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.25% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kenmare Capital Partners L.L.C. increased its holdings in shares of Eagle Bancorp by 60.2% during the 3rd quarter. Kenmare Capital Partners L.L.C. now owns 20,100 shares of the financial services provider’s stock worth $897,000 after acquiring an additional 7,556 shares during the last quarter. Metropolitan Life Insurance Co NY raised its stake in Eagle Bancorp by 7.1% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 10,955 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 725 shares during the period. Millennium Management LLC lifted its holdings in Eagle Bancorp by 678.8% during the 3rd quarter. Millennium Management LLC now owns 356,438 shares of the financial services provider’s stock valued at $15,904,000 after purchasing an additional 310,670 shares during the last quarter. Man Group plc lifted its holdings in Eagle Bancorp by 238.1% during the 3rd quarter. Man Group plc now owns 26,126 shares of the financial services provider’s stock valued at $1,166,000 after purchasing an additional 18,398 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Eagle Bancorp by 1.2% during the third quarter. California State Teachers Retirement System now owns 52,469 shares of the financial services provider’s stock worth $2,341,000 after purchasing an additional 627 shares during the period. 70.65% of the stock is owned by institutional investors.

NASDAQ EGBN traded up $0.19 during trading hours on Friday, reaching $44.61. 27,907 shares of the company’s stock were exchanged, compared to its average volume of 142,436. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05. Eagle Bancorp has a one year low of $37.08 and a one year high of $60.77. The company’s 50-day moving average is $44.70 and its two-hundred day moving average is $46.63. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.03. Eagle Bancorp had a net margin of 32.62% and a return on equity of 13.24%. The company had revenue of $87.30 million during the quarter, compared to analysts’ expectations of $81.08 million. During the same quarter in the prior year, the company earned $1.13 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. Research analysts predict that Eagle Bancorp will post 4.35 earnings per share for the current fiscal year.

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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Analyst Recommendations for Eagle Bancorp (NASDAQ:EGBN)

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