Analysts Set Eagle Bancorp, Inc. (NASDAQ:EGBN) Price Target at $23.60

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $23.60.

Several equities research analysts have recently issued reports on the stock. UBS Group set a $25.00 price objective on shares of Eagle Bancorp in a research report on Tuesday, January 27th. Piper Sandler upped 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. Zacks Research lowered Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Wall Street Zen raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Eagle Bancorp in a research report on Wednesday, January 21st.

Eagle Bancorp Price Performance

Shares of EGBN stock opened at $24.87 on Friday. Eagle Bancorp has a one year low of $15.03 and a one year high of $29.26. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.86. The stock’s fifty day simple moving average is $25.71 and its 200 day simple moving average is $21.94. The firm has a market cap of $755.05 million, a price-to-earnings ratio of -5.91 and a beta of 1.03.

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

Eagle Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Eagle Bancorp

A number of institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in Eagle Bancorp by 8.9% during the 1st quarter. AQR Capital Management LLC now owns 219,930 shares of the financial services provider’s stock worth $4,619,000 after buying an additional 17,943 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Eagle Bancorp by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,581 shares of the financial services provider’s stock valued at $369,000 after acquiring an additional 780 shares during the last quarter. Millennium Management LLC grew 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 acquiring an additional 195,567 shares during the period. Empowered Funds LLC boosted its holdings in shares of Eagle Bancorp by 65.0% in the first quarter. Empowered Funds LLC now owns 91,087 shares of the financial services provider’s stock worth $1,913,000 after acquiring an additional 35,898 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Eagle Bancorp by 0.6% in 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 acquiring an additional 4,392 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.