Eagle Bancorp (EGBN) Stock Rating Upgraded by BidaskClub

Eagle Bancorp (NASDAQ:EGBN) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Thursday.

A number of other research firms also recently weighed in on EGBN. ValuEngine downgraded shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 20th. Stephens restated a “buy” rating and issued a $68.00 price target on shares of Eagle Bancorp in a research note on Friday, July 20th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $65.00 price target on shares of Eagle Bancorp in a research note on Friday, July 20th. Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, July 19th. Finally, Gabelli began coverage on shares of Eagle Bancorp in a research note on Monday, August 27th. They issued a “buy” rating and a $74.00 price target on the stock. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $66.85.

EGBN opened at $53.89 on Thursday. Eagle Bancorp has a 1-year low of $46.20 and a 1-year high of $69.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $1.78 billion, a PE ratio of 16.09 and a beta of 0.67.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Eagle Bancorp had a net margin of 31.86% and a return on equity of 14.14%. The company had revenue of $86.93 million for the quarter, compared to the consensus estimate of $85.67 million. During the same period last year, the company posted $0.87 EPS. On average, analysts expect that Eagle Bancorp will post 4.41 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP raised its holdings in Eagle Bancorp by 180.2% in the 3rd quarter. Quantbot Technologies LP now owns 2,023 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,301 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Eagle Bancorp by 67.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,692 shares of the financial services provider’s stock valued at $198,000 after buying an additional 1,492 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in Eagle Bancorp in the 2nd quarter valued at approximately $200,000. Campbell & CO Investment Adviser LLC bought a new position in Eagle Bancorp in the 2nd quarter valued at approximately $202,000. Finally, Janus Henderson Group PLC bought a new position in Eagle Bancorp in the 3rd quarter valued at approximately $210,000. Institutional investors own 69.52% of the company’s stock.

About Eagle Bancorp

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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