BidaskClub lowered shares of Eagle Bancorp (NASDAQ:EGBN) from a hold rating to a sell rating in a report issued on Thursday morning.

Several other research firms also recently commented on EGBN. Gabelli started coverage on Eagle Bancorp in a report on Monday, August 27th. They issued a buy rating and a $74.00 price objective on the stock. ValuEngine upgraded Eagle Bancorp from a strong sell rating to a sell rating in a report on Tuesday, November 20th. TheStreet downgraded Eagle Bancorp from a b- rating to a c+ rating in a report on Thursday, November 15th. Boenning Scattergood reiterated a buy rating on shares of Eagle Bancorp in a report on Thursday, October 18th. Finally, Stephens set a $65.00 price objective on Eagle Bancorp and gave the stock a buy rating in a report on Friday, October 19th. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $66.85.

NASDAQ EGBN opened at $50.14 on Thursday. Eagle Bancorp has a twelve month low of $46.49 and a twelve month high of $65.42. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 0.92 and a beta of 0.61.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.02. Eagle Bancorp had a return on equity of 14.14% and a net margin of 31.86%. The business had revenue of $86.93 million for the quarter, compared to the consensus estimate of $85.67 million. During the same quarter last year, the business posted $0.87 earnings per share. On average, analysts predict that Eagle Bancorp will post 4.41 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc grew its stake in shares of Eagle Bancorp by 4.6% in the third quarter. Vanguard Group Inc now owns 2,964,369 shares of the financial services provider’s stock worth $149,997,000 after purchasing an additional 131,095 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Eagle Bancorp in the third quarter worth about $2,491,000. Vanguard Group Inc. grew its stake in shares of Eagle Bancorp by 4.6% in the third quarter. Vanguard Group Inc. now owns 2,964,369 shares of the financial services provider’s stock worth $149,997,000 after purchasing an additional 131,095 shares during the last quarter. Morgan Stanley grew its stake in shares of Eagle Bancorp by 74.3% in the third quarter. Morgan Stanley now owns 149,430 shares of the financial services provider’s stock worth $7,561,000 after purchasing an additional 63,687 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Eagle Bancorp by 8.8% in the third quarter. Teachers Advisors LLC now owns 317,304 shares of the financial services provider’s stock worth $16,056,000 after purchasing an additional 25,547 shares during the last quarter. Hedge funds and other institutional investors own 68.43% of the company’s stock.

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. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.

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