Eagle Bancorp (NASDAQ:EGBN) Given a $20.00 Price Target at Jefferies Financial Group

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) has been assigned a $20.00 price target by equities research analysts at Jefferies Financial Group in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a "hold" rating on the financial services provider's stock. Jefferies Financial Group's price target points to a potential upside of 14.48% from the company's current price.

A number of other analysts have also weighed in on the stock. Piper Sandler lowered their price objective on shares of Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Keefe, Bruyette & Woods lowered their target price on Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating for the company in a report on Monday, April 28th.

Eagle Bancorp Trading Down 0.3%

NASDAQ:EGBN traded down $0.06 during mid-day trading on Wednesday, hitting $17.47. 209,796 shares of the stock traded hands, compared to its average volume of 330,239. The stock has a market capitalization of $530.69 million, a price-to-earnings ratio of -11.13 and a beta of 1.02. Eagle Bancorp has a 52 week low of $15.99 and a 52 week high of $30.94. The firm's 50 day moving average is $19.55 and its two-hundred day moving average is $23.71. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.40). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. The business had revenue of $73.86 million during the quarter, compared to analysts' expectations of $71.93 million. On average, equities research analysts predict that Eagle Bancorp will post 2.31 earnings per share for the current year.

Insider Buying and Selling at Eagle Bancorp

In related news, CFO Eric R. Newell acquired 1,170 shares of the stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $21.37 per share, for a total transaction of $25,002.90. Following the completion of the purchase, the chief financial officer now owns 28,733 shares of the company's stock, valued at approximately $614,024.21. This represents a 4.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.39% of the stock is owned by insiders.

Institutional Trading of Eagle Bancorp

Several institutional investors have recently bought and sold shares of EGBN. Fourthstone LLC lifted its stake in Eagle Bancorp by 382.7% in the 4th quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider's stock worth $33,231,000 after purchasing an additional 1,012,182 shares in the last quarter. North Reef Capital Management LP boosted its holdings in Eagle Bancorp by 251.9% in the 4th quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider's stock valued at $25,186,000 after purchasing an additional 692,593 shares during the last quarter. BlackBarn Capital Partners LP purchased a new position in Eagle Bancorp in the first quarter worth approximately $7,980,000. Nuveen LLC acquired a new stake in shares of Eagle Bancorp during the 1st quarter worth about $7,275,000. Finally, Millennium Management LLC lifted its holdings in shares of Eagle Bancorp by 164.6% in the 1st quarter. Millennium Management LLC now owns 314,370 shares of the financial services provider's stock worth $6,602,000 after acquiring an additional 195,567 shares during the last quarter. 78.03% of the stock is owned by institutional investors and hedge funds.

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. 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.