Eagle Bancorp (NASDAQ:EGBN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Eagle Bancorp (NASDAQ:EGBN) from a sell rating to a hold rating in a research note published on Saturday morning.

EGBN has been the subject of a number of other research reports. Weiss Ratings restated a “sell (d)” rating on shares of Eagle Bancorp in a research report on Wednesday, January 21st. Zacks Research downgraded Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. UBS Group set a $25.00 price target on Eagle Bancorp in a report on Tuesday, January 27th. Finally, Piper Sandler lifted their price objective on Eagle Bancorp from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $23.60.

Eagle Bancorp Price Performance

EGBN stock opened at $24.47 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.87. The company’s fifty day moving average price is $25.17 and its 200-day moving average price is $21.57. Eagle Bancorp has a one year low of $15.03 and a one year high of $29.26. The company has a market capitalization of $742.91 million, a PE ratio of -5.81 and a beta of 1.03.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.37. The company had revenue of $80.50 million during the quarter, compared to analysts’ expectations of $67.81 million. Eagle Bancorp had a negative net margin of 20.19% and a negative return on equity of 10.93%. On average, equities analysts anticipate that Eagle Bancorp will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, February 2nd. Eagle Bancorp’s payout ratio is presently -0.95%.

Institutional Investors Weigh In On Eagle Bancorp

Several institutional investors have recently modified their holdings of EGBN. Walleye Capital LLC lifted its position in Eagle Bancorp by 330.0% in the second quarter. Walleye Capital LLC now owns 79,335 shares of the financial services provider’s stock worth $1,545,000 after buying an additional 60,883 shares during the last quarter. SummerHaven Investment Management LLC bought a new stake in Eagle Bancorp in the third quarter worth $806,000. Fourthstone LLC boosted its stake in Eagle Bancorp by 63.6% during the second quarter. Fourthstone LLC now owns 644,930 shares of the financial services provider’s stock worth $12,563,000 after buying an additional 250,729 shares during the period. Geode Capital Management LLC boosted its stake 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 worth $14,281,000 after buying an additional 4,392 shares during the period. Finally, BlackBarn Capital Partners LP increased its position in Eagle Bancorp by 40.0% during the second quarter. BlackBarn Capital Partners LP now owns 532,181 shares of the financial services provider’s stock valued at $10,367,000 after acquiring an additional 152,181 shares during the last quarter. 78.03% of the stock is owned by institutional investors.

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.