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

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

Several other research firms have also commented on EGBN. 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. Piper Sandler reduced their price target 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.

Eagle Bancorp Stock Down 0.3%

Shares of EGBN stock traded down $0.06 during trading hours on Wednesday, reaching $17.47. The company had a trading volume of 209,796 shares, compared to its average volume of 329,998. The company has a market capitalization of $530.69 million, a P/E ratio of -11.13 and a beta of 1.02. Eagle Bancorp has a twelve month low of $15.99 and a twelve month high of $30.94. The stock's fifty day simple moving average is $19.55 and its 200 day simple moving average is $23.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.40). Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. The business had revenue of $73.86 million for the quarter, compared to analyst estimates of $71.93 million. As a group, sell-side analysts expect that Eagle Bancorp will post 2.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Eric R. Newell bought 1,170 shares of the business's stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $21.37 per share, with a total value of $25,002.90. Following the purchase, the chief financial officer now directly owns 28,733 shares in the company, valued at $614,024.21. This trade represents a 4.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Eagle Bancorp

A number of institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in Eagle Bancorp by 353.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 775 shares during the last quarter. R Squared Ltd acquired a new position in shares of Eagle Bancorp during the 4th quarter worth about $51,000. Millstone Evans Group LLC bought a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $59,000. Russell Investments Group Ltd. boosted its stake in Eagle Bancorp by 42.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider's stock worth $82,000 after buying an additional 933 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Eagle Bancorp in the 4th quarter valued at approximately $212,000. 78.03% of the stock is currently 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.