Wall Street Zen Upgrades Eagle Bancorp (NASDAQ:EGBN) to "Hold"

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Friday.

EGBN has been the topic of a number of other research reports. Jefferies Financial Group set a $20.00 price target on shares of Eagle Bancorp and gave the stock a "hold" rating in a report on Wednesday, May 21st. Piper Sandler lowered their price target on shares of Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price target on shares of Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Finally, Janney Montgomery Scott raised shares of Eagle Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a report on Tuesday, June 10th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $21.75.

Eagle Bancorp Stock Performance

Shares of Eagle Bancorp stock traded up $0.07 during mid-day trading on Friday, hitting $21.47. 251,480 shares of the stock were exchanged, compared to its average volume of 334,849. Eagle Bancorp has a 12 month low of $16.68 and a 12 month high of $30.94. The company has a 50-day simple moving average of $18.81 and a 200 day simple moving average of $21.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $652.26 million, a P/E ratio of -14.31 and a beta of 1.05.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.40). The company had revenue of $73.86 million during the quarter, compared to the consensus estimate of $71.93 million. Eagle Bancorp had a positive return on equity of 4.86% and a negative net margin of 6.52%. Sell-side analysts anticipate that Eagle Bancorp will post 2.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Eagle Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millstone Evans Group LLC bought a new stake in Eagle Bancorp during the 4th quarter valued at $59,000. Russell Investments Group Ltd. raised its holdings in Eagle Bancorp by 42.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 933 shares during the period. New York State Common Retirement Fund raised its holdings in Eagle Bancorp by 13.2% during the 1st quarter. New York State Common Retirement Fund now owns 8,549 shares of the financial services provider's stock valued at $180,000 after acquiring an additional 1,000 shares during the period. Hsbc Holdings PLC bought a new position in shares of Eagle Bancorp in the first quarter worth $205,000. Finally, Aigen Investment Management LP bought a new position in shares of Eagle Bancorp in the first quarter worth $209,000. Institutional investors own 78.03% of the company's stock.

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.