Eagle Bancorp (NASDAQ:EGBN) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• EGBN crossed above its 200-day moving average of $22.92, trading as high as $27.16 and last at $26.51 (up ~1.1%) on volume of 255,889 shares.
• Analysts are mixed but the consensus is a Moderate Buy with a $26.00 price target; notable calls include Raymond James' strong‑buy with a $32 target and recent upgrades from Zacks and Wall Street Zen.
• Eagle Bancorp beat quarterly EPS estimates ($0.48 vs. $0.28) but showed a negative net margin (‑18.65%) and negative ROE (‑10.03%), and announced a $0.01 quarterly dividend (0.2% yield); market cap is about $805 million.

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.92 and traded as high as $27.16. Eagle Bancorp shares last traded at $26.51, with a volume of 255,889 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on EGBN. Wall Street Zen upgraded shares of Eagle Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, March 14th. UBS Group set a $25.00 price target on shares of Eagle Bancorp in a research report on Tuesday, January 27th. Zacks Research upgraded shares of Eagle Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, April 6th. Raymond James Financial assumed coverage on Eagle Bancorp in a research note on Tuesday, April 14th. They issued a "strong-buy" rating and a $32.00 target price on the stock. Finally, Piper Sandler increased their price target on Eagle Bancorp from $27.00 to $29.00 and gave the company a "neutral" rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.00.

Eagle Bancorp Stock Up 1.1%

The stock's 50-day moving average price is $25.69 and its two-hundred day moving average price is $22.92. The stock has a market capitalization of $804.84 million, a P/E ratio of -6.99 and a beta of 0.96. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.20. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.03%. The company had revenue of $76.40 million for the quarter, compared to analysts' expectations of $77.37 million. As a group, research analysts expect that Eagle Bancorp, Inc. will post 1.78 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be paid a $0.01 dividend. The ex-dividend date is Monday, May 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Eagle Bancorp's payout ratio is presently -1.06%.

Institutional Investors Weigh In On Eagle Bancorp

Several large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in Eagle Bancorp by 102.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 753 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Eagle Bancorp by 128.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider's stock worth $30,000 after purchasing an additional 782 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Eagle Bancorp by 298.0% in the third quarter. Hantz Financial Services Inc. now owns 3,176 shares of the financial services provider's stock valued at $64,000 after purchasing an additional 2,378 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Eagle Bancorp by 113.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 2,172 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Eagle Bancorp during the 2nd quarter valued at approximately $99,000. Hedge funds and other institutional investors own 78.03% of the company's stock.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company's product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.

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