Brokerages Set Eagle Bancorp, Inc. (NASDAQ:EGBN) Price Target at $64.00

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Eagle Bancorp, Inc. (NASDAQ:EGBN) has been given an average recommendation of “Hold” by the ten ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $64.00.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 26th. ValuEngine lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Friday, June 21st. BidaskClub lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Monday, June 24th. Finally, Boenning Scattergood reiterated an “outperform” rating on shares of Eagle Bancorp in a report on Thursday, June 20th.

EGBN traded up $0.89 during mid-day trading on Tuesday, hitting $55.12. The stock had a trading volume of 111,085 shares, compared to its average volume of 181,622. The business’s fifty day simple moving average is $54.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 1.51 and a beta of 0.92. Eagle Bancorp has a 1-year low of $45.15 and a 1-year high of $65.42.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.02). The firm had revenue of $81.02 million during the quarter, compared to analyst estimates of $82.25 million. Eagle Bancorp had a return on equity of 14.28% and a net margin of 34.72%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share. As a group, analysts forecast that Eagle Bancorp will post 4.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.60%. Eagle Bancorp’s payout ratio is 19.91%.

Large investors have recently modified their holdings of the stock. Flinton Capital Management LLC bought a new position in Eagle Bancorp in the fourth quarter valued at $80,000. Neuburgh Advisers LLC bought a new position in Eagle Bancorp in the fourth quarter valued at $98,000. Pearl River Capital LLC bought a new position in Eagle Bancorp in the first quarter valued at $104,000. Zions Bancorporation N.A. bought a new position in Eagle Bancorp in the first quarter valued at $177,000. Finally, Marshall Wace North America L.P. bought a new position in Eagle Bancorp in the first quarter valued at $189,000. Institutional investors and hedge funds own 76.01% of the company’s stock.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.

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Analyst Recommendations for Eagle Bancorp (NASDAQ:EGBN)

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