Eagle Bancorp, Inc. (EGBN) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts rate Eagle Bancorp “Hold” on average: Coverage includes one sell, two hold, one buy and one strong-buy rating, with an average 12-month price target of $31.00 versus the reported share price of $33.28.
• Institutional ownership remains high at 78.03%: Several funds increased or initiated positions in the third quarter, including Hughes Financial Services, Fortitude Family Office and the State of Wyoming.
• Quarterly earnings beat expectations: Eagle Bancorp reported $0.79 in EPS versus the $0.34 consensus estimate, while revenue of $70.87 million fell slightly short of expectations. The company also declared a quarterly dividend of $0.01 per share, equivalent to a 0.1% yield.

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) has been assigned an average recommendation of "Hold" from the five analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $31.00.

EGBN has been the subject of a number of research analyst reports. Zacks Research raised shares of Eagle Bancorp from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 27th. Weiss Ratings reissued a "sell (d-)" rating on shares of Eagle Bancorp in a report on Wednesday, September 2nd. Finally, Hovde Group initiated coverage on shares of Eagle Bancorp in a research report on Wednesday, October 7th. They set an "outperform" rating and a $37.00 price objective for the company.

Hedge Funds Weigh In On Eagle Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Hughes Financial Services LLC raised its holdings in shares of Eagle Bancorp by 693,000.0% during the third quarter. Hughes Financial Services LLC now owns 6,931 shares of the financial services provider's stock valued at $193,000 after purchasing an additional 6,930 shares during the period. State of Wyoming acquired a new stake in shares of Eagle Bancorp in the 3rd quarter valued at about $279,000. Hilton Head Capital Partners LLC grew its stake in shares of Eagle Bancorp by 3.3% in the 3rd quarter. Hilton Head Capital Partners LLC now owns 19,011 shares of the financial services provider's stock valued at $528,000 after buying an additional 599 shares during the period. Cyndeo Wealth Partners LLC bought a new stake in Eagle Bancorp in the 3rd quarter valued at about $200,000. Finally, Fortitude Family Office LLC increased its position in Eagle Bancorp by 2,280.6% in the 3rd quarter. Fortitude Family Office LLC now owns 1,714 shares of the financial services provider's stock valued at $48,000 after buying an additional 1,642 shares in the last quarter. 78.03% of the stock is owned by institutional investors and hedge funds.

Eagle Bancorp Stock Performance

Shares of EGBN opened at $33.28 on Friday. The firm has a market cap of $1.01 billion, a P/E ratio of 19.02 and a beta of 0.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.87 and a current ratio of 0.87. Eagle Bancorp has a twelve month low of $15.03 and a twelve month high of $34.09. The firm's 50 day moving average price is $28.74 and its two-hundred day moving average price is $27.07.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.45. Eagle Bancorp had a net margin of 9.30% and a return on equity of 4.66%. The company had revenue of $70.87 million for the quarter, compared to the consensus estimate of $71.78 million. On average, analysts forecast that Eagle Bancorp will post 1.84 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Friday, November 6th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Eagle Bancorp's dividend payout ratio is 2.29%.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial banking institution headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, professional practices, nonprofit organizations and individual customers primarily in the Washington, DC, metropolitan region, including communities in Maryland and Northern Virginia.

EagleBank provides commercial and retail banking services, including business and personal checking and savings accounts, commercial real estate lending, construction financing, commercial and industrial loans, residential mortgages and other credit products.

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