Eagle Bancorp's (EGBN) Sell (D) Rating Reiterated at Weiss Ratings

Key Points

• Eagle Bancorp's stock rating has been reaffirmed as "sell (d)" by Weiss Ratings, indicating ongoing negative sentiment from analysts regarding the company's performance.
• Piper Sandler has lowered the target price for Eagle Bancorp from $21.00 to $18.00, while Wall Street Zen downgraded the stock to a "strong sell" rating.
• Currently, Eagle Bancorp holds a consensus rating of "Hold" with an average target price of $21.00, despite having a challenging financial outlook including a negative net margin of 18.65%.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Other equities research analysts also recently issued research reports about the stock. Piper Sandler decreased their target price on shares of Eagle Bancorp from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Wall Street Zen downgraded Eagle Bancorp from a "hold" rating to a "strong sell" rating in a research note on Saturday, July 26th. Finally, Zacks Research upgraded Eagle Bancorp from a "strong sell" rating to a "hold" rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $21.00.

Eagle Bancorp Price Performance

EGBN stock opened at $17.43 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $529.33 million, a P/E ratio of -4.40 and a beta of 1.13. The business has a 50 day simple moving average of $19.91 and a 200-day simple moving average of $19.07. Eagle Bancorp has a twelve month low of $15.47 and a twelve month high of $30.94.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings results on Monday, September 11th. The financial services provider reported $1.20 EPS for the quarter. The firm had revenue of $88.48 million during the quarter. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.07%. As a group, equities analysts anticipate that Eagle Bancorp will post 2.31 EPS for the current year.

Institutional Investors Weigh In On Eagle Bancorp

Institutional investors have recently modified their holdings of the company. Financial Consulate Inc. acquired a new stake in shares of Eagle Bancorp in the 3rd quarter worth approximately $34,000. MAI Capital Management boosted its position in Eagle Bancorp by 24.2% during the second quarter. MAI Capital Management now owns 3,448 shares of the financial services provider's stock worth $67,000 after purchasing an additional 671 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Eagle Bancorp during the second quarter worth $70,000. Tower Research Capital LLC TRC grew its holdings in 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 last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Eagle Bancorp in the second quarter valued at $99,000. 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.

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