A number of firms have modified their ratings and price targets on shares of Eagle Bancorp (NASDAQ: EGBN) recently:

  • 7/19/2019 – Eagle Bancorp was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating. They now have a $47.00 price target on the stock, down previously from $63.00.
  • 7/18/2019 – Eagle Bancorp was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 7/18/2019 – Eagle Bancorp had its “hold” rating reaffirmed by analysts at Sandler O’Neill.
  • 7/15/2019 – Eagle Bancorp is now covered by analysts at Piper Jaffray Companies. They set an “overweight” rating and a $63.00 price target on the stock.
  • 7/2/2019 – Eagle Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 6/24/2019 – Eagle Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/24/2019 – Eagle Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 6/21/2019 – Eagle Bancorp was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 6/20/2019 – Eagle Bancorp had its “outperform” rating reaffirmed by analysts at Boenning Scattergood.
  • 6/14/2019 – Eagle Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/12/2019 – Eagle Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 6/6/2019 – Eagle Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 5/31/2019 – Eagle Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 5/30/2019 – Eagle Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/24/2019 – Eagle Bancorp was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

EGBN stock traded up $0.48 during mid-day trading on Friday, reaching $39.63. 1,308,631 shares of the company traded hands, compared to its average volume of 230,646. The firm has a market cap of $1.85 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.47 and a beta of 0.92. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. Eagle Bancorp, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $60.77. The company has a 50 day simple moving average of $54.08.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). The company had revenue of $87.70 million for the quarter, compared to analyst estimates of $82.37 million. Eagle Bancorp had a net margin of 33.71% and a return on equity of 14.01%. Eagle Bancorp’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. On average, equities analysts predict that Eagle Bancorp, Inc. will post 4.6 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pearl River Capital LLC purchased a new position in Eagle Bancorp in the first quarter valued at approximately $104,000. Zions Bancorporation N.A. purchased a new position in Eagle Bancorp in the first quarter valued at approximately $177,000. Marshall Wace North America L.P. purchased a new position in Eagle Bancorp in the first quarter valued at approximately $189,000. Xact Kapitalforvaltning AB purchased a new position in Eagle Bancorp in the second quarter valued at approximately $203,000. Finally, Brinker Capital Inc. purchased a new position in Eagle Bancorp in the fourth quarter valued at approximately $206,000. Hedge funds and other institutional investors own 76.01% of the company’s stock.

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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