Eagle Bancorp (NASDAQ:EGBN) Stock Price Up 5.6% - What's Next?

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) was up 5.6% during trading on Tuesday . The stock traded as high as $18.84 and last traded at $18.67. Approximately 110,588 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 339,400 shares. The stock had previously closed at $17.68.

Analysts Set New Price Targets

Several research firms have recently weighed in on EGBN. Janney Montgomery Scott upgraded shares of Eagle Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 price objective on the stock in a research report on Tuesday. 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 research note 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. Finally, Piper Sandler cut their price target on Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $21.75.

Eagle Bancorp Stock Down 1.9%

The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company has a market cap of $539.19 million, a PE ratio of -11.31 and a beta of 1.03. The company's 50 day moving average is $18.60 and its 200 day moving average is $22.68.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its quarterly earnings results 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). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. The business had revenue of $73.86 million during the quarter, compared to analysts' expectations of $71.93 million. As a group, analysts predict that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.72%. The ex-dividend date was Monday, May 5th. Eagle Bancorp's dividend payout ratio is currently -44.00%.

Institutional Investors Weigh In On Eagle Bancorp

Large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its position in Eagle Bancorp by 353.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock worth $26,000 after purchasing an additional 775 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of Eagle Bancorp during the fourth quarter worth about $59,000. Russell Investments Group Ltd. boosted its holdings in Eagle Bancorp by 42.0% in the 4th 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. purchased a new stake in Eagle Bancorp during the 4th quarter worth approximately $212,000. Finally, Graham Capital Management L.P. acquired a new stake in Eagle Bancorp during the 4th quarter worth $220,000. Hedge funds and other 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.