Eagle Bancorp, Inc. (NASDAQ:EGBN) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Eagle Bancorp, with one sell, two hold, one buy and one strong-buy recommendation. The average 12-month price target is $29.00, slightly above the reported $28.25 share price.
• Eagle Bancorp’s latest quarterly results fell short of expectations, with earnings per share of $0.23 versus the $0.34 consensus estimate and revenue of $73.11 million versus $74.41 million expected. The company reported negative net margin and return on equity.
• Institutional investors own approximately 78.03% of the company, while Eagle Bancorp pays a quarterly dividend of $0.01 per share, representing a 0.1% annualized yield.

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) have received a consensus rating of "Hold" from the five analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $29.00.

EGBN has been the topic of a number of research reports. Piper Sandler raised their price objective on Eagle Bancorp from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, June 26th. Hovde Group started coverage on Eagle Bancorp in a report on Wednesday. They issued an "outperform" rating on the stock. Zacks Research upgraded Eagle Bancorp from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 27th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Eagle Bancorp in a report on Wednesday, September 2nd.

Eagle Bancorp Stock Down 0.3%

EGBN opened at $28.25 on Wednesday. The business's 50-day moving average price is $28.01 and its 200-day moving average price is $27.16. The company has a market cap of $861.02 million, a P/E ratio of -22.42 and a beta of 0.98. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. Eagle Bancorp has a 12 month low of $15.03 and a 12 month high of $29.29.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.11). Eagle Bancorp had a negative net margin of 6.43% and a negative return on equity of 3.37%. The firm had revenue of $73.11 million during the quarter, compared to the consensus estimate of $74.41 million. On average, equities analysts expect that Eagle Bancorp will post 1.52 EPS for the current year.

Eagle Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Thursday, August 6th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, August 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Eagle Bancorp's payout ratio is presently -3.17%.

Institutional Trading of Eagle Bancorp

A number of institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in shares of Eagle Bancorp in the 2nd quarter valued at about $62,000. Corient Private Wealth LP grew its stake in Eagle Bancorp by 61.2% in the second quarter. Corient Private Wealth LP now owns 28,104 shares of the financial services provider's stock worth $798,000 after purchasing an additional 10,669 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Eagle Bancorp by 15.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,033 shares of the financial services provider's stock valued at $1,392,000 after acquiring an additional 6,487 shares in the last quarter. Hsbc Holdings PLC raised its position in Eagle Bancorp by 247.7% in the second quarter. Hsbc Holdings PLC now owns 42,520 shares of the financial services provider's stock worth $1,204,000 after acquiring an additional 30,292 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Eagle Bancorp by 5.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,233,336 shares of the financial services provider's stock valued at $35,014,000 after buying an additional 68,314 shares in the last quarter. Institutional investors own 78.03% of the company's stock.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank serving businesses, professionals, nonprofit organizations and individuals. The company is headquartered in Bethesda, Maryland, and its primary market includes the Washington, DC, metropolitan area, including suburban Maryland and Northern Virginia.

EagleBank provides commercial banking products and services such as business and commercial real estate lending, construction and acquisition financing, commercial and industrial loans, residential and consumer lending, deposit accounts, cash-management services and online banking.

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