Stephens set a $58.00 price objective on Eagle Bancorp (NASDAQ:EGBN) in a research report report published on Monday morning, TipRanks reports. The firm currently has a hold rating on the financial services provider’s stock.

A number of other research firms also recently commented on EGBN. ValuEngine upgraded shares of Eagle Bancorp from a sell rating to a hold rating in a report on Wednesday, February 20th. BidaskClub upgraded shares of Eagle Bancorp from a hold rating to a buy rating in a report on Friday, February 22nd. TheStreet upgraded shares of Eagle Bancorp from a c+ rating to a b- rating in a report on Thursday, January 31st. Zacks Investment Research upgraded shares of Eagle Bancorp from a sell rating to a hold rating in a report on Friday, April 12th. Finally, Boenning Scattergood reiterated a buy rating on shares of Eagle Bancorp in a report on Thursday, January 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Eagle Bancorp has a consensus rating of Hold and a consensus price target of $63.00.

NASDAQ EGBN opened at $53.67 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.04. Eagle Bancorp has a 12 month low of $45.15 and a 12 month high of $65.42. The company has a market capitalization of $1.88 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 0.93 and a beta of 0.96.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, April 17th. The financial services provider reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.02). Eagle Bancorp had a return on equity of 14.28% and a net margin of 34.72%. The business had revenue of $81.02 million during the quarter, compared to the consensus estimate of $82.25 million. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts expect that Eagle Bancorp will post 4.7 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in EGBN. Dimensional Fund Advisors LP increased its position in shares of Eagle Bancorp by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,078,496 shares of the financial services provider’s stock worth $54,572,000 after acquiring an additional 37,853 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Eagle Bancorp by 334.6% in the third quarter. Renaissance Technologies LLC now owns 58,580 shares of the financial services provider’s stock worth $2,964,000 after acquiring an additional 45,100 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Eagle Bancorp in the third quarter worth approximately $333,000. BlueMountain Capital Management LLC increased its position in shares of Eagle Bancorp by 40.6% in the third quarter. BlueMountain Capital Management LLC now owns 17,844 shares of the financial services provider’s stock worth $903,000 after acquiring an additional 5,150 shares in the last quarter. Finally, MetLife Investment Advisors LLC increased its position in shares of Eagle Bancorp by 53.2% in the third quarter. MetLife Investment Advisors LLC now owns 22,996 shares of the financial services provider’s stock worth $1,164,000 after acquiring an additional 7,986 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Eagle Bancorp (NASDAQ:EGBN)

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