Eagle Bancorp, Inc. (NASDAQ:EGBN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been given an average rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $21.25.

Several brokerages have recently commented on EGBN. Wall Street Zen lowered Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 26th. Weiss Ratings restated a “sell (d)” rating on shares of Eagle Bancorp in a research note on Wednesday, October 8th. Piper Sandler cut their price target on Eagle Bancorp from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Finally, Zacks Research upgraded Eagle Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th.

Eagle Bancorp Stock Performance

EGBN stock opened at $16.75 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The business’s fifty day simple moving average is $19.78 and its two-hundred day simple moving average is $18.97. Eagle Bancorp has a twelve month low of $15.47 and a twelve month high of $30.94. The firm has a market cap of $508.68 million, a price-to-earnings ratio of -4.23 and a beta of 1.13.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Monday, September 11th. The financial services provider reported $1.20 earnings per share for the quarter. The business had revenue of $88.48 million for the quarter. Eagle Bancorp had a negative return on equity of 10.07% and a negative net margin of 18.65%. Analysts predict that Eagle Bancorp will post 2.31 earnings per share for the current year.

Eagle Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, November 3rd. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Eagle Bancorp’s dividend payout ratio (DPR) is currently -1.01%.

Institutional Investors Weigh In On Eagle Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Eagle Bancorp by 2.2% during the first quarter. Vanguard Group Inc. now owns 2,748,105 shares of the financial services provider’s stock valued at $57,710,000 after purchasing an additional 58,682 shares in the last quarter. Geode Capital Management LLC boosted its position in Eagle Bancorp by 0.6% during the second quarter. Geode Capital Management LLC now owns 733,007 shares of the financial services provider’s stock valued at $14,281,000 after purchasing an additional 4,392 shares in the last quarter. American Century Companies Inc. boosted its position in Eagle Bancorp by 6.7% during the first quarter. American Century Companies Inc. now owns 691,789 shares of the financial services provider’s stock valued at $14,528,000 after purchasing an additional 43,597 shares in the last quarter. Fourthstone LLC boosted its holdings in Eagle Bancorp by 63.6% in the second quarter. Fourthstone LLC now owns 644,930 shares of the financial services provider’s stock worth $12,563,000 after acquiring an additional 250,729 shares in the last quarter. Finally, BlackBarn Capital Partners LP boosted its holdings in Eagle Bancorp by 40.0% in the second quarter. BlackBarn Capital Partners LP now owns 532,181 shares of the financial services provider’s stock worth $10,367,000 after acquiring an additional 152,181 shares in the last quarter. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.