Eagle Bancorp (NASDAQ:EGBN) Rating Lowered to Sell at StockNews.com

Eagle Bancorp (NASDAQ:EGBN) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

Eagle Bancorp Trading Up 1.4 %

EGBN opened at $23.49 on Wednesday. The firm has a market cap of $703.06 million, a price-to-earnings ratio of 7.12 and a beta of 1.02. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.08. Eagle Bancorp has a 12 month low of $16.72 and a 12 month high of $34.75. The stock has a fifty day moving average price of $23.96 and a 200-day moving average price of $24.10.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.09). Eagle Bancorp had a return on equity of 8.12% and a net margin of 15.54%. The business had revenue of $75.89 million for the quarter, compared to analysts’ expectations of $75.67 million. As a group, equities research analysts anticipate that Eagle Bancorp will post 2.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Lindsey S. Rheaume sold 22,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $22.98, for a total transaction of $505,560.00. Following the transaction, the executive vice president now directly owns 9,075 shares in the company, valued at approximately $208,543.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.09% of the stock is owned by company insiders.

Institutional Trading of Eagle Bancorp

Large investors have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC grew its stake in Eagle Bancorp by 320.5% during the 1st quarter. Belpointe Asset Management LLC now owns 820 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 625 shares during the last quarter. Versant Capital Management Inc grew its stake in Eagle Bancorp by 1,910.2% during the 4th quarter. Versant Capital Management Inc now owns 985 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 936 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Eagle Bancorp during the 3rd quarter valued at about $26,000. Gladius Capital Management LP grew its stake in Eagle Bancorp by 762.4% during the 4th quarter. Gladius Capital Management LP now owns 1,466 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,296 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Eagle Bancorp during the 3rd quarter valued at about $32,000. Hedge funds and other 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.