Eagle Bancorp (NASDAQ:EGBN – Get Free Report) had its price objective hoisted by Piper Sandler from $29.00 to $30.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price target points to a potential upside of 4.62% from the stock’s current price.
A number of other analysts have also recently commented on the company. Raymond James Financial started coverage on Eagle Bancorp in a research report on Tuesday, April 14th. They issued a “strong-buy” rating and a $32.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eagle Bancorp in a report on Friday, June 5th. Zacks Research downgraded shares of Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.00.
Read Our Latest Stock Report on EGBN
Eagle Bancorp Price Performance
Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.20. The company had revenue of $76.40 million during the quarter, compared to analyst estimates of $77.37 million. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.03%. On average, sell-side analysts forecast that Eagle Bancorp will post 1.79 EPS for the current year.
Institutional Investors Weigh In On Eagle Bancorp
Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in shares of Eagle Bancorp by 13.3% in the 1st quarter. Royal Bank of Canada now owns 19,279 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 2,263 shares during the period. Empowered Funds LLC increased its holdings in shares of Eagle Bancorp by 15.2% during the 1st quarter. Empowered Funds LLC now owns 113,806 shares of the financial services provider’s stock worth $2,830,000 after buying an additional 15,006 shares during the last quarter. Quantinno Capital Management LP boosted its position in Eagle Bancorp by 15.2% during the 1st quarter. Quantinno Capital Management LP now owns 187,900 shares of the financial services provider’s stock worth $4,673,000 after purchasing an additional 24,842 shares during the period. Caxton Associates LLP boosted its stake in shares of Eagle Bancorp by 8.5% in the first quarter. Caxton Associates LLP now owns 62,368 shares of the financial services provider’s stock valued at $1,551,000 after purchasing an additional 4,892 shares during the period. Finally, Inceptionr LLC raised its holdings in Eagle Bancorp by 26.5% in the first quarter. Inceptionr LLC now owns 18,768 shares of the financial services provider’s stock valued at $467,000 after acquiring an additional 3,928 shares in the last quarter. 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.
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