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

Key Points

• Analyst consensus: Hold — Six analysts cover Eagle Bancorp (1 sell, 4 hold, 1 buy) with an average 12‑month price target of $23.60, and Piper Sandler recently raised its target to $27 (neutral).
• Recent quarter beat estimates with $0.25 EPS vs. -$0.12 est. and $80.5M revenue, but the company remains unprofitable with a negative net margin (20.19%), negative ROE (-10.93%) and a negative P/E (-5.90).
• Shares trade near $24.86 (12‑month range $15.03–$29.26) with a market cap of about $755M; the quarterly dividend is $0.01 (≈0.2% yield) and institutional investors own roughly 78% of the stock.

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) has earned an average rating of "Hold" from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $23.60.

Several equities research analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Eagle Bancorp from $23.00 to $27.00 and gave the stock a "neutral" rating in a research report on Monday, February 2nd. Wall Street Zen upgraded Eagle Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, March 14th. UBS Group set a $25.00 price objective on Eagle Bancorp in a research note on Tuesday, January 27th. Zacks Research cut Eagle Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Eagle Bancorp in a report on Wednesday, January 21st.

Eagle Bancorp Stock Performance

NASDAQ EGBN opened at $24.86 on Friday. The company has a fifty day simple moving average of $25.60 and a 200 day simple moving average of $21.81. Eagle Bancorp has a 12-month low of $15.03 and a 12-month high of $29.26. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. The company has a market cap of $754.75 million, a P/E ratio of -5.90 and a beta of 1.03.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.37. Eagle Bancorp had a negative net margin of 20.19% and a negative return on equity of 10.93%. The firm had revenue of $80.50 million for the quarter, compared to the consensus estimate of $67.81 million. Sell-side analysts predict that Eagle Bancorp will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a $0.01 dividend. The ex-dividend date was Monday, February 2nd. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Eagle Bancorp's dividend payout ratio is currently -0.95%.

Institutional Trading of Eagle Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. MAI Capital Management grew its stake 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 acquiring an additional 671 shares during the period. Versant Capital Management Inc raised its stake in Eagle Bancorp by 102.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 753 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Eagle Bancorp by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,581 shares of the financial services provider's stock valued at $369,000 after purchasing an additional 780 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Eagle Bancorp by 128.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 782 shares during the last quarter. Finally, Choreo LLC boosted its position in Eagle Bancorp by 3.5% during the fourth quarter. Choreo LLC now owns 36,418 shares of the financial services provider's stock worth $768,000 after purchasing an additional 1,220 shares during the period. 78.03% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Company Profile

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.

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