Eagle Bancorp, Inc. (EGBN) Receives $67.00 Consensus Price Target from Analysts
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.
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.
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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