Eagle Bancorp (NASDAQ:EGBN) Stock Rating Lowered by Wall Street Zen

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Several other equities analysts have also issued reports on EGBN. Piper Sandler lowered their price target on Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group set a $20.00 target price on shares of Eagle Bancorp and gave the stock a "hold" rating in a report on Wednesday, May 21st. Janney Montgomery Scott raised shares of Eagle Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a report on Tuesday, June 10th. Finally, Keefe, Bruyette & Woods dropped their price target on Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Eagle Bancorp currently has a consensus rating of "Hold" and a consensus price target of $21.75.

Eagle Bancorp Stock Down 2.9%

Shares of EGBN stock traded down $0.52 during mid-day trading on Friday, reaching $17.57. 281,660 shares of the company's stock traded hands, compared to its average volume of 327,823. Eagle Bancorp has a 12 month low of $15.99 and a 12 month high of $30.94. The company has a market cap of $533.72 million, a P/E ratio of -11.19 and a beta of 1.03. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The company's 50-day moving average price is $18.57 and its 200-day moving average price is $22.55.

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

Institutional Trading of Eagle Bancorp

Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its position in Eagle Bancorp by 353.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock worth $26,000 after buying an additional 775 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Eagle Bancorp in the fourth quarter worth $59,000. Russell Investments Group Ltd. lifted its position in Eagle Bancorp by 42.0% in 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 during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Eagle Bancorp in the fourth quarter worth $212,000. Finally, Graham Capital Management L.P. bought a new stake in Eagle Bancorp in the fourth quarter worth $220,000. 78.03% of the stock is currently owned by institutional investors.

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.