Eagle Bancorp, Inc. (NASDAQ:EGBN) Given Consensus Rating of “Hold” by Analysts

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

A number of research firms recently issued reports on EGBN. Zacks Research upgraded shares of Eagle Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday. UBS Group set a $25.00 target price on Eagle Bancorp in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Eagle Bancorp in a research report on Wednesday, January 21st. Finally, Piper Sandler boosted their price target on Eagle Bancorp from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Monday.

Insider Activity at Eagle Bancorp

In other Eagle Bancorp news, Director Louis P. Jr. Mathews acquired 1,500 shares of the business’s stock in a transaction on Friday, November 21st. The stock was bought at an average price of $17.20 per share, for a total transaction of $25,800.00. Following the acquisition, the director owned 10,157 shares in the company, valued at approximately $174,700.40. The trade was a 17.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Eric R. Newell acquired 3,050 shares of Eagle Bancorp stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of $16.55 per share, for a total transaction of $50,477.50. Following the transaction, the chief financial officer owned 33,615 shares of the company’s stock, valued at $556,328.25. This represents a 9.98% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 6,050 shares of company stock worth $101,538. Company insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EGBN. North Reef Capital Management LP boosted its stake in Eagle Bancorp by 558.2% during the third quarter. North Reef Capital Management LP now owns 2,632,918 shares of the financial services provider’s stock worth $53,238,000 after buying an additional 2,232,918 shares during the period. Geode Capital Management LLC lifted 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 purchasing an additional 4,392 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Eagle Bancorp by 5.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 644,957 shares of the financial services provider’s stock worth $13,041,000 after buying an additional 32,787 shares during the period. Fourthstone LLC boosted its position in shares of 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. Finally, Wellington Management Group LLP acquired a new stake in shares of Eagle Bancorp in the third quarter valued at $12,314,000. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Trading Up 1.3%

Eagle Bancorp stock opened at $27.78 on Thursday. 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 stock has a market cap of $843.71 million, a PE ratio of -6.59 and a beta of 1.04. The stock has a 50-day moving average of $22.45 and a two-hundred day moving average of $19.99. Eagle Bancorp has a one year low of $15.03 and a one year high of $29.26.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.37. The business 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 10.91%. On average, research analysts anticipate that Eagle Bancorp will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, February 2nd. Eagle Bancorp’s dividend payout ratio is -0.95%.

About Eagle Bancorp

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.