Eagle Bancorp, Inc. (NASDAQ:EGBN) Stock Has Average Price Target of $31.00

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been given an average rating of “Hold” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $31.00.

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Eagle Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Eagle Bancorp in a report on Wednesday, September 2nd. Finally, Hovde Group assumed coverage on shares of Eagle Bancorp in a report on Wednesday, October 7th. They issued an “outperform” rating and a $37.00 target price on the stock.

Institutional Trading of Eagle Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Hughes Financial Services LLC lifted its holdings in shares of Eagle Bancorp by 693,000.0% in the third quarter. Hughes Financial Services LLC now owns 6,931 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 6,930 shares in the last quarter. State of Wyoming bought a new stake in Eagle Bancorp during the third quarter worth $279,000. Hilton Head Capital Partners LLC grew its holdings in Eagle Bancorp by 3.3% during the third quarter. Hilton Head Capital Partners LLC now owns 19,011 shares of the financial services provider’s stock worth $528,000 after buying an additional 599 shares in the last quarter. Cyndeo Wealth Partners LLC bought a new stake in Eagle Bancorp during the third quarter worth $200,000. Finally, Fortitude Family Office LLC raised its position in Eagle Bancorp by 2,280.6% in the 3rd quarter. Fortitude Family Office LLC now owns 1,714 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,642 shares during the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Price Performance

Shares of EGBN opened at $33.28 on Friday. Eagle Bancorp has a 12-month low of $15.03 and a 12-month high of $34.09. The business’s fifty day moving average is $28.74 and its 200 day moving average is $27.07. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.01 billion, a P/E ratio of 19.02 and a beta of 0.98.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.45. The business had revenue of $70.87 million during the quarter, compared to the consensus estimate of $71.78 million. Eagle Bancorp had a net margin of 9.30% and a return on equity of 4.66%. Sell-side analysts anticipate that Eagle Bancorp will post 1.84 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, November 6th. Eagle Bancorp’s payout ratio is currently 2.29%.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial banking institution headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, professional practices, nonprofit organizations and individual customers primarily in the Washington, DC, metropolitan region, including communities in Maryland and Northern Virginia.

EagleBank provides commercial and retail banking services, including business and personal checking and savings accounts, commercial real estate lending, construction financing, commercial and industrial loans, residential mortgages and other credit products.