Piper Sandler Lowers Eagle Bancorp (NASDAQ:EGBN) Price Target to $21.00

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) had its price objective lowered by analysts at Piper Sandler from $25.00 to $21.00 in a report released on Monday,Benzinga reports. The firm currently has a "neutral" rating on the financial services provider's stock. Piper Sandler's price objective indicates a potential upside of 13.51% from the stock's current price.

Separately, Keefe, Bruyette & Woods cut their price target on Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating for the company in a report on Monday.

Eagle Bancorp Stock Performance

Shares of Eagle Bancorp stock traded up $0.46 during midday trading on Monday, hitting $18.50. The company had a trading volume of 419,989 shares, compared to its average volume of 332,665. Eagle Bancorp has a 1-year low of $15.99 and a 1-year high of $30.94. The business's 50 day simple moving average is $20.55 and its two-hundred day simple moving average is $24.49. The stock has a market cap of $561.85 million, a PE ratio of -11.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86.

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 analyst estimates of $71.93 million. Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. As a group, equities analysts predict that Eagle Bancorp will post 2.31 EPS for the current fiscal year.

Insider Buying and Selling at Eagle Bancorp

In other news, CFO Eric R. Newell bought 1,170 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the transaction, the chief financial officer now directly owns 28,733 shares of the company's stock, valued at $614,024.21. This trade represents a 4.24 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.39% of the company's stock.

Institutional Trading of Eagle Bancorp

Several large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Eagle Bancorp by 353.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock worth $26,000 after acquiring an additional 775 shares in the last quarter. R Squared Ltd acquired a new position in Eagle Bancorp in the fourth quarter worth $51,000. Millstone Evans Group LLC bought a new stake in shares of Eagle Bancorp during the fourth quarter worth $59,000. Russell Investments Group Ltd. grew its holdings in shares of 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 purchasing an additional 933 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Eagle Bancorp by 45.7% in the fourth quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider's stock valued at $93,000 after buying an additional 1,116 shares in the last quarter. 78.03% of the stock is owned by institutional investors.

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.