Eagle Bancorp (NASDAQ:EGBN) Raised to “Strong-Buy” at Raymond James Financial

Eagle Bancorp (NASDAQ:EGBN) was upgraded by stock analysts at Raymond James Financial to a “strong-buy” rating in a research report issued on Tuesday, Marketbeat Ratings reports.

Other equities analysts also recently issued research reports about the company. Wall Street Zen raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. UBS Group set a $25.00 price target on Eagle Bancorp in a research report on Tuesday, January 27th. Zacks Research upgraded Eagle Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Piper Sandler raised their price objective on Eagle Bancorp from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Eagle Bancorp in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Eagle Bancorp Stock Performance

Eagle Bancorp stock opened at $27.31 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a fifty day moving average of $25.64 and a two-hundred day moving average of $22.34. The company has a market capitalization of $829.13 million, a price-to-earnings ratio of -6.49 and a beta of 0.99. Eagle Bancorp has a fifty-two week low of $15.03 and a fifty-two week high of $29.26.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.37. The company had revenue of $80.50 million during the quarter, compared to the consensus estimate of $67.81 million. Eagle Bancorp had a negative return on equity of 10.93% and a negative net margin of 20.19%. On average, analysts anticipate that Eagle Bancorp will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in Eagle Bancorp by 102.2% in the third quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 753 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Eagle Bancorp by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,581 shares of the financial services provider’s stock valued at $369,000 after acquiring an additional 780 shares during the period. Farther Finance Advisors LLC boosted its stake in Eagle Bancorp by 128.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 782 shares during the period. Choreo LLC boosted its stake in Eagle Bancorp by 3.5% in the fourth quarter. Choreo LLC now owns 36,418 shares of the financial services provider’s stock valued at $768,000 after acquiring an additional 1,220 shares during the period. Finally, Financial Consulate Inc. acquired a new position in shares of Eagle Bancorp during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.