Eagle Bancorp (NASDAQ:EGBN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “

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EGBN has been the subject of a number of other research reports. BidaskClub upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Keefe, Bruyette & Woods upgraded shares of Eagle Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, December 4th. Finally, Stephens upgraded shares of Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price objective for the company in a research report on Friday, January 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Eagle Bancorp has a consensus rating of “Buy” and a consensus target price of $68.00.

Shares of EGBN stock traded up $0.40 during trading on Wednesday, reaching $63.40. 59,996 shares of the company were exchanged, compared to its average volume of 144,634. Eagle Bancorp has a one year low of $46.20 and a one year high of $69.80. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2,172.86, a P/E ratio of 21.71 and a beta of 0.85.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. Eagle Bancorp had a net margin of 28.32% and a return on equity of 12.49%. The company had revenue of $84.86 million during the quarter, compared to the consensus estimate of $80.80 million. analysts predict that Eagle Bancorp will post 4.43 EPS for the current year.

Several large investors have recently modified their holdings of EGBN. Meeder Asset Management Inc. lifted its position in shares of Eagle Bancorp by 984.3% during the 4th quarter. Meeder Asset Management Inc. now owns 2,624 shares of the financial services provider’s stock worth $152,000 after buying an additional 2,382 shares during the last quarter. Zions Bancorporation purchased a new stake in shares of Eagle Bancorp during the 3rd quarter worth approximately $231,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Eagle Bancorp during the 4th quarter worth approximately $236,000. Oppenheimer Asset Management Inc. lifted its position in shares of Eagle Bancorp by 38.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,966 shares of the financial services provider’s stock worth $266,000 after buying an additional 1,092 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Eagle Bancorp by 29.2% during the 4th quarter. D.A. Davidson & CO. now owns 4,830 shares of the financial services provider’s stock worth $280,000 after buying an additional 1,091 shares during the last quarter. Institutional investors and hedge funds own 69.92% of the company’s stock.

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About Eagle Bancorp

Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.

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