Eagle Bancorp (NASDAQ:EGBN) Price Target Cut to $22.00 by Analysts at Keefe, Bruyette & Woods

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) had its price objective cut by research analysts at Keefe, Bruyette & Woods from $25.00 to $22.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 18.92% from the company's previous close.

Separately, Piper Sandler decreased their price objective on shares of Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating for the company in a report on Friday, January 24th.

Eagle Bancorp Trading Up 2.5 %

NASDAQ:EGBN traded up $0.46 during midday trading on Monday, reaching $18.50. 419,989 shares of the stock traded hands, compared to its average volume of 332,665. The stock has a market capitalization of $561.85 million, a P/E ratio of -11.78 and a beta of 1.02. Eagle Bancorp has a 12 month low of $15.99 and a 12 month high of $30.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. The company has a fifty day moving average of $20.55 and a 200 day moving average of $24.49.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $73.86 million for the quarter, compared to the consensus estimate of $71.93 million. Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. On average, research analysts predict that Eagle Bancorp will post 2.31 EPS for the current year.

Insider Activity

In other news, CFO Eric R. Newell acquired 1,170 shares of Eagle Bancorp stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the completion of the transaction, the chief financial officer now owns 28,733 shares in the company, valued at $614,024.21. The trade was a 4.24 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.39% of the company's stock.

Institutional Investors Weigh In On Eagle Bancorp

A number of large investors have recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in Eagle Bancorp during the first quarter valued at approximately $304,000. CWM LLC raised its holdings in Eagle Bancorp by 5.5% in the 1st quarter. CWM LLC now owns 15,287 shares of the financial services provider's stock worth $321,000 after purchasing an additional 802 shares during the period. New York State Common Retirement Fund lifted its position in Eagle Bancorp by 13.2% during the first quarter. New York State Common Retirement Fund now owns 8,549 shares of the financial services provider's stock valued at $180,000 after purchasing an additional 1,000 shares in the last quarter. Cerity Partners LLC grew its holdings in Eagle Bancorp by 25.7% during the first quarter. Cerity Partners LLC now owns 13,818 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 2,823 shares during the period. Finally, Principal Financial Group Inc. increased its position in Eagle Bancorp by 2.7% in the first quarter. Principal Financial Group Inc. now owns 150,357 shares of the financial services provider's stock worth $3,157,000 after buying an additional 3,941 shares in the last quarter. 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.