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

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $23.60.

EGBN has been the subject of a number of analyst reports. UBS Group set a $25.00 price objective on shares of Eagle Bancorp in a report on Tuesday, January 27th. Piper Sandler raised their price target on shares of Eagle Bancorp from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Zacks Research upgraded Eagle Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Eagle Bancorp in a research note on Wednesday, January 21st.

Eagle Bancorp Stock Down 3.3%

EGBN stock opened at $25.45 on Monday. The stock’s 50 day simple moving average is $24.34 and its 200 day simple moving average is $21.08. The company has a market cap of $772.94 million, a P/E ratio of -6.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.87. Eagle Bancorp has a fifty-two week low of $15.03 and a fifty-two week high of $29.26.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.37. Eagle Bancorp had a negative return on equity of 10.91% and a negative net margin of 20.19%.The firm had revenue of $80.50 million during the quarter, compared to the consensus estimate of $67.81 million. On average, research analysts expect that Eagle Bancorp will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a $0.01 dividend. The ex-dividend date was Monday, February 2nd. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Eagle Bancorp’s dividend payout ratio is currently -0.95%.

Hedge Funds Weigh In On Eagle Bancorp

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of Eagle Bancorp by 8.9% during the first quarter. AQR Capital Management LLC now owns 219,930 shares of the financial services provider’s stock valued at $4,619,000 after acquiring an additional 17,943 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Eagle Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,581 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 780 shares during the last quarter. Millennium Management LLC raised its stake in shares of Eagle Bancorp by 164.6% during the 1st quarter. Millennium Management LLC now owns 314,370 shares of the financial services provider’s stock worth $6,602,000 after purchasing an additional 195,567 shares during the period. Empowered Funds LLC boosted its holdings in shares of Eagle Bancorp by 65.0% in the 1st quarter. Empowered Funds LLC now owns 91,087 shares of the financial services provider’s stock worth $1,913,000 after buying an additional 35,898 shares during the last quarter. Finally, Huntington National Bank grew its position in Eagle Bancorp by 1,307.8% during the second quarter. Huntington National Bank now owns 5,406 shares of the financial services provider’s stock valued at $105,000 after buying an additional 5,022 shares during the period. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.