Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $67.00.

Several research firms have issued reports on EGBN. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “strong-buy” rating and set a $71.00 target price for the company in a research note on Friday, January 12th. BidaskClub raised Eagle Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Keefe, Bruyette & Woods upgraded Eagle Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, December 4th. Finally, Stephens upgraded Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price target for the company in a research report on Friday, January 19th.

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Eagle Bancorp (EGBN) traded up $0.95 during mid-day trading on Wednesday, reaching $63.50. The company’s stock had a trading volume of 258,655 shares, compared to its average volume of 131,173. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $2,140.36, a PE ratio of 21.75 and a beta of 0.85. Eagle Bancorp has a one year low of $46.20 and a one year high of $69.80.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in EGBN. Zions Bancorporation purchased a new position in Eagle Bancorp in the third quarter valued at $231,000. Axiom International Investors LLC DE boosted its holdings in Eagle Bancorp by 34.1% in the third quarter. Axiom International Investors LLC DE now owns 133,785 shares of the financial services provider’s stock valued at $8,970,000 after purchasing an additional 34,055 shares during the period. Eagle Asset Management Inc. boosted its holdings in Eagle Bancorp by 4.5% in the third quarter. Eagle Asset Management Inc. now owns 107,269 shares of the financial services provider’s stock valued at $7,262,000 after purchasing an additional 4,645 shares during the period. Wasatch Advisors Inc. boosted its holdings in Eagle Bancorp by 1.5% in the third quarter. Wasatch Advisors Inc. now owns 2,185,154 shares of the financial services provider’s stock valued at $146,515,000 after purchasing an additional 31,414 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Eagle Bancorp by 6.7% in the third quarter. California Public Employees Retirement System now owns 41,068 shares of the financial services provider’s stock valued at $2,754,000 after purchasing an additional 2,578 shares during the period. Institutional investors and hedge funds own 69.97% of the company’s stock.

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Eagle Bancorp Company Profile

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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