Investment Analysts’ Weekly Ratings Changes for Eagle Bancorp (EGBN)

A number of research firms have changed their ratings and price targets for Eagle Bancorp (NASDAQ: EGBN):

  • 4/12/2019 – Eagle Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 4/9/2019 – Eagle Bancorp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 4/3/2019 – Eagle Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 4/3/2019 – Eagle Bancorp had its “outperform” rating reaffirmed by analysts at FIG Partners.
  • 3/28/2019 – Eagle Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 3/26/2019 – Eagle Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 3/21/2019 – Eagle Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
  • 3/16/2019 – Eagle Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 3/6/2019 – Eagle Bancorp was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 3/6/2019 – Eagle Bancorp was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating.
  • 3/1/2019 – Eagle Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/22/2019 – Eagle Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/20/2019 – Eagle Bancorp was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Shares of EGBN stock traded up $0.11 on Wednesday, hitting $55.31. 1,178 shares of the stock traded hands, compared to its average volume of 220,863. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.93 and a beta of 0.96. Eagle Bancorp, Inc. has a twelve month low of $45.15 and a twelve month high of $65.42.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.03. The firm had revenue of $81.70 million for the quarter, compared to analysts’ expectations of $82.13 million. Eagle Bancorp had a net margin of 36.62% and a return on equity of 14.58%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. As a group, equities research analysts predict that Eagle Bancorp, Inc. will post 4.7 EPS for the current year.

Several hedge funds have recently made changes to their positions in EGBN. BlackRock Inc. boosted its position in shares of Eagle Bancorp by 116.0% during the 4th quarter. BlackRock Inc. now owns 4,632,566 shares of the financial services provider’s stock valued at $225,653,000 after acquiring an additional 2,487,550 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Eagle Bancorp by 59.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,985,980 shares of the financial services provider’s stock valued at $96,737,000 after buying an additional 741,131 shares during the period. Norges Bank purchased a new stake in Eagle Bancorp in the 4th quarter valued at about $16,754,000. Principal Financial Group Inc. raised its holdings in Eagle Bancorp by 3,311.2% in the 4th quarter. Principal Financial Group Inc. now owns 256,559 shares of the financial services provider’s stock valued at $12,497,000 after buying an additional 249,038 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Eagle Bancorp by 134.1% in the 4th quarter. Bank of New York Mellon Corp now owns 417,637 shares of the financial services provider’s stock valued at $20,343,000 after buying an additional 239,232 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

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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