Eagle Bancorp (NASDAQ:EGBN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Eagle Bancorp, Inc. (NASDAQ:EGBN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $24.86 and traded as high as $28.53. Eagle Bancorp shares last traded at $27.24, with a volume of 548,382 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on EGBN. Wall Street Zen upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Eagle Bancorp in a report on Friday, June 5th. Zacks Research lowered Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Raymond James Financial began coverage on Eagle Bancorp in a research note on Tuesday, April 14th. They issued a “strong-buy” rating and a $32.00 price target on the stock. Finally, Piper Sandler boosted their price objective on Eagle Bancorp from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Eagle Bancorp currently has an average rating of “Hold” and an average price target of $28.67.

Eagle Bancorp Stock Performance

The stock has a market capitalization of $841.80 million, a P/E ratio of -7.28 and a beta of 0.97. The firm’s 50 day moving average price is $26.66 and its 200 day moving average price is $24.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.20. Eagle Bancorp had a negative return on equity of 10.03% and a negative net margin of 18.65%.The company had revenue of $76.40 million for the quarter, compared to analysts’ expectations of $77.37 million. As a group, equities research analysts expect that Eagle Bancorp, Inc. will post 1.79 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, May 4th. Eagle Bancorp’s dividend payout ratio is currently -1.06%.

Institutional Trading of Eagle Bancorp

Several large investors have recently added to or reduced their stakes in EGBN. Farther Finance Advisors LLC lifted its position in shares of Eagle Bancorp by 128.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 782 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Eagle Bancorp in the first quarter worth about $37,000. Tower Research Capital LLC TRC lifted its holdings in Eagle Bancorp by 113.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider’s stock worth $80,000 after buying an additional 2,172 shares during the period. Raymond James Financial Inc. bought a new stake in Eagle Bancorp during the 2nd quarter valued at approximately $99,000. Finally, GAMMA Investing LLC boosted its position in Eagle Bancorp by 204.0% during the 4th quarter. GAMMA Investing LLC now owns 6,590 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 4,422 shares in the last quarter. 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.