Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have earned a consensus rating of “Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $66.75.

A number of research analysts have recently weighed in on EGBN shares. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Thursday, June 8th. BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods restated a “hold” rating and set a $64.00 price objective on shares of Eagle Bancorp in a research report on Friday, May 19th. Finally, FIG Partners upgraded Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price objective for the company in a research report on Monday, May 22nd.

In related news, Director Leland M. Weinstein sold 8,295 shares of Eagle Bancorp stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $62.22, for a total value of $516,114.90. Following the completion of the transaction, the director now owns 72,469 shares in the company, valued at $4,509,021.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ronald D. Paul sold 7,791 shares of Eagle Bancorp stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $63.50, for a total value of $494,728.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,018 shares of company stock valued at $1,258,441. 8.39% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EGBN. Nuveen Asset Management LLC bought a new position in Eagle Bancorp during the first quarter valued at approximately $1,037,000. UBS Oconnor LLC bought a new position in Eagle Bancorp during the first quarter valued at approximately $896,000. Colony Group LLC increased its stake in shares of Eagle Bancorp by 4.0% in the first quarter. Colony Group LLC now owns 36,679 shares of the financial services provider’s stock valued at $2,190,000 after buying an additional 1,410 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Eagle Bancorp by 2.9% in the first quarter. HighTower Advisors LLC now owns 47,165 shares of the financial services provider’s stock valued at $2,817,000 after buying an additional 1,345 shares during the last quarter. Finally, Barings LLC purchased a new stake in shares of Eagle Bancorp during the first quarter valued at about $782,000. Institutional investors own 66.87% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was posted by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/07/07/eagle-bancorp-inc-egbn-receives-consensus-rating-of-buy-from-brokerages.html.

Eagle Bancorp (NASDAQ EGBN) traded up 0.24% during trading on Friday, reaching $63.40. The company had a trading volume of 4,558 shares. The firm has a market capitalization of $2.16 billion, a P/E ratio of 21.35 and a beta of 0.71. Eagle Bancorp has a one year low of $46.00 and a one year high of $64.94. The firm’s 50-day moving average price is $60.13 and its 200 day moving average price is $60.38.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.03. The firm had revenue of $73 million during the quarter, compared to analyst estimates of $68.19 million. Eagle Bancorp had a return on equity of 12.15% and a net margin of 31.55%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. Equities analysts forecast that Eagle Bancorp will post $3.19 earnings per share for the current fiscal year.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.

Receive News & Ratings for Eagle Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.