Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $70.00.

EGBN has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods restated a “neutral” rating on shares of Eagle Bancorp in a research note on Friday, October 20th. Zacks Investment Research downgraded Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Finally, Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 19th.

In related news, CEO Ronald D. Paul sold 28,140 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $65.62, for a total value of $1,846,546.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ronald D. Paul sold 3,140 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $62.19, for a total value of $195,276.60. The disclosure for this sale can be found here. Insiders sold a total of 152,553 shares of company stock worth $9,932,774 in the last 90 days. Company insiders own 8.39% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Mutual of America Capital Management LLC lifted its stake in Eagle Bancorp by 2.8% in the third quarter. Mutual of America Capital Management LLC now owns 80,948 shares of the financial services provider’s stock valued at $5,428,000 after purchasing an additional 2,225 shares during the last quarter. Jennison Associates LLC lifted its stake in Eagle Bancorp by 23.5% in the second quarter. Jennison Associates LLC now owns 1,044,733 shares of the financial services provider’s stock valued at $66,132,000 after purchasing an additional 198,608 shares during the last quarter. Glassman Wealth Services lifted its stake in Eagle Bancorp by 4.4% in the second quarter. Glassman Wealth Services now owns 44,688 shares of the financial services provider’s stock valued at $2,829,000 after purchasing an additional 1,878 shares during the last quarter. John W. Rosenthal Capital Management Inc. lifted its stake in Eagle Bancorp by 3.0% in the second quarter. John W. Rosenthal Capital Management Inc. now owns 115,088 shares of the financial services provider’s stock valued at $7,285,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Wasatch Advisors Inc. lifted its stake in Eagle Bancorp by 1.5% in the third quarter. Wasatch Advisors Inc. now owns 2,185,154 shares of the financial services provider’s stock valued at $146,515,000 after purchasing an additional 31,414 shares during the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

Eagle Bancorp (EGBN) opened at $49.95 on Monday. Eagle Bancorp has a 12 month low of $46.20 and a 12 month high of $69.80. The firm has a market capitalization of $1,707.19, a P/E ratio of 15.61 and a beta of 0.87. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. Eagle Bancorp had a return on equity of 12.37% and a net margin of 32.40%. The firm had revenue of $71.94 million for the quarter, compared to the consensus estimate of $72.66 million. During the same quarter in the previous year, the business earned $0.72 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. research analysts forecast that Eagle Bancorp will post 3.33 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Eagle Bancorp, Inc. (EGBN) Receives Consensus Recommendation of “Hold” from Analysts” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/12/04/eagle-bancorp-inc-egbn-receives-consensus-recommendation-of-hold-from-analysts-2.html.

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.

Analyst Recommendations for Eagle Bancorp (NASDAQ:EGBN)

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.