Eagle Bancorp (EGBN) PT Set at $58.00 by Stephens

Eagle Bancorp (NASDAQ:EGBN) has been given a $58.00 target price by equities research analysts at Stephens in a report issued on Monday, TipRanks reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Stephens’ price target indicates a potential upside of 8.63% from the company’s previous close.

Several other brokerages have also recently commented on EGBN. BidaskClub cut shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Zacks Investment Research lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. ValuEngine lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Boenning Scattergood reissued a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, January 17th. Finally, Keefe, Bruyette & Woods lowered shares of Eagle Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $63.00.

Shares of EGBN stock traded down $1.06 during trading hours on Monday, reaching $53.39. The stock had a trading volume of 10,019 shares, compared to its average volume of 200,252. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.19. Eagle Bancorp has a twelve month low of $45.15 and a twelve month high of $65.42. The stock has a market cap of $1.88 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.93 and a beta of 0.96.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.02). Eagle Bancorp had a return on equity of 14.28% and a net margin of 34.72%. The firm had revenue of $81.02 million during the quarter, compared to analyst estimates of $82.25 million. During the same period last year, the business earned $1.04 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that Eagle Bancorp will post 4.7 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Eagle Bancorp by 14.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,489 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 321 shares during the period. Trillium Asset Management LLC increased its position in Eagle Bancorp by 2.1% during the fourth quarter. Trillium Asset Management LLC now owns 19,162 shares of the financial services provider’s stock worth $933,000 after acquiring an additional 400 shares during the period. State Board of Administration of Florida Retirement System increased its position in Eagle Bancorp by 7.0% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,611 shares of the financial services provider’s stock worth $614,000 after acquiring an additional 826 shares during the period. LS Investment Advisors LLC bought a new position in Eagle Bancorp during the fourth quarter worth $45,000. Finally, Surevest Inc. increased its position in Eagle Bancorp by 3.2% during the first quarter. Surevest Inc. now owns 31,262 shares of the financial services provider’s stock worth $1,569,000 after acquiring an additional 963 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

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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