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

Key Points

• Eagle Bancorp, Inc. (NASDAQ:EGBN) has received a consensus rating of "Hold" from analysts, with one sell rating, three hold ratings, and one buy rating issued among five ratings firms.
• The company reported a loss of $2.30 per share for the latest quarter, significantly missing analysts' estimates of $0.40 earnings per share, while its revenue exceeded expectations at $74.19 million.
• Eagle Bancorp recently announced a quarterly dividend of $0.165 per share, yielding approximately 3.1%, with a notable negative payout ratio of -64.71%.

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) has been given a consensus recommendation of "Hold" by the five ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $21.00.

A number of analysts have recently commented on EGBN shares. Weiss Ratings reissued a "sell (d)" rating on shares of Eagle Bancorp in a research note on Saturday, September 27th. Janney Montgomery Scott raised Eagle Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 price objective on the stock in a research note on Tuesday, June 10th. Wall Street Zen downgraded Eagle Bancorp from a "hold" rating to a "strong sell" rating in a research note on Saturday, July 26th. Finally, Piper Sandler dropped their price objective on Eagle Bancorp from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th.

Institutional Investors Weigh In On Eagle Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC grew its holdings in shares of Eagle Bancorp by 41.6% during the second quarter. Squarepoint Ops LLC now owns 134,893 shares of the financial services provider's stock valued at $2,628,000 after buying an additional 39,649 shares in the last quarter. Caxton Associates LLP grew its holdings in shares of Eagle Bancorp by 11.0% during the second quarter. Caxton Associates LLP now owns 39,630 shares of the financial services provider's stock valued at $772,000 after buying an additional 3,921 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Eagle Bancorp by 8.1% during the second quarter. Public Sector Pension Investment Board now owns 103,569 shares of the financial services provider's stock valued at $2,018,000 after buying an additional 7,769 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Eagle Bancorp by 113.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider's stock valued at $80,000 after buying an additional 2,172 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in shares of Eagle Bancorp by 11.2% during the second quarter. Rafferty Asset Management LLC now owns 53,031 shares of the financial services provider's stock valued at $1,033,000 after buying an additional 5,324 shares in the last quarter. 78.03% of the stock is owned by institutional investors and hedge funds.

Eagle Bancorp Stock Performance

NASDAQ:EGBN traded up $0.84 during midday trading on Friday, reaching $20.96. 403,923 shares of the company traded hands, compared to its average volume of 421,628. Eagle Bancorp has a twelve month low of $15.47 and a twelve month high of $30.94. The firm has a market capitalization of $636.56 million, a price-to-earnings ratio of -20.55 and a beta of 1.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.85. The company has a fifty day moving average price of $18.91 and a 200 day moving average price of $19.18.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported ($2.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($2.70). The company had revenue of $74.19 million for the quarter, compared to analyst estimates of $73.03 million. Eagle Bancorp had a negative net margin of 4.60% and a negative return on equity of 2.54%. On average, analysts expect that Eagle Bancorp will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.1%. Eagle Bancorp's payout ratio is -64.71%.

About Eagle Bancorp

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.

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