Eagle Bancorp, Inc. (EGBN) Receives Average Rating of “Buy” from Analysts

Eagle Bancorp, Inc. (NASDAQ:EGBN) has received a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $68.00.

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised Eagle Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, December 4th. Zacks Investment Research downgraded Eagle Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. BidaskClub raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Boenning Scattergood reaffirmed a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 19th. Finally, Stephens raised Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 target price for the company in a research report on Friday.

Shares of Eagle Bancorp (NASDAQ EGBN) opened at $62.60 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2,140.00, a PE ratio of 21.44 and a beta of 0.87. Eagle Bancorp has a 52-week low of $46.20 and a 52-week high of $69.80.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $84.86 million during the quarter, compared to the consensus estimate of $80.80 million. Eagle Bancorp had a return on equity of 12.65% and a net margin of 28.32%. analysts predict that Eagle Bancorp will post 4.41 earnings per share for the current fiscal year.

In other news, CEO Ronald D. Paul sold 5,000 shares of Eagle Bancorp stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $66.47, for a total value of $332,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ronald D. Paul sold 15,000 shares of Eagle Bancorp stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $67.46, for a total value of $1,011,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,959 shares of company stock valued at $2,682,251. 8.39% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Eagle Bancorp by 1.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,751 shares of the financial services provider’s stock valued at $427,000 after buying an additional 100 shares during the period. Amalgamated Bank boosted its stake in shares of Eagle Bancorp by 7.5% in the 2nd quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock valued at $256,000 after buying an additional 283 shares during the period. FMR LLC boosted its stake in shares of Eagle Bancorp by 8.5% in the 2nd quarter. FMR LLC now owns 4,856 shares of the financial services provider’s stock valued at $307,000 after buying an additional 382 shares during the period. Legal & General Group Plc boosted its stake in shares of Eagle Bancorp by 4.8% in the 2nd quarter. Legal & General Group Plc now owns 11,508 shares of the financial services provider’s stock valued at $728,000 after buying an additional 528 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Eagle Bancorp by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,288 shares of the financial services provider’s stock valued at $1,537,000 after buying an additional 532 shares during the period. Institutional investors and hedge funds own 69.54% of the company’s stock.

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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)

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