Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $26.70 and traded as high as $27.95. Eagle Bancorp shares last traded at $27.63, with a volume of 173,466 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on EGBN. Piper Sandler increased their price objective on Eagle Bancorp from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Zacks Research cut shares of Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Eagle Bancorp in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Eagle Bancorp has a consensus rating of “Hold” and an average price target of $29.00.
Read Our Latest Analysis on EGBN
Eagle Bancorp Stock Performance
Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.11). The business had revenue of $73.11 million during the quarter, compared to the consensus estimate of $74.41 million. Eagle Bancorp had a negative net margin of 6.43% and a negative return on equity of 3.37%. As a group, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 1.52 earnings per share for the current fiscal year.
Eagle Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Thursday, August 6th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $0.04 annualized dividend and a yield of 0.1%. Eagle Bancorp’s payout ratio is currently -3.17%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Stone Point Capital LLC bought a new stake in shares of Eagle Bancorp in the 2nd quarter worth about $21,660,548,000. Hilton Head Capital Partners LLC bought a new position in Eagle Bancorp during the 4th quarter valued at about $394,000. Quantinno Capital Management LP lifted its holdings 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 valued at $4,673,000 after purchasing an additional 24,842 shares during the last quarter. Hsbc Holdings PLC bought a new position in Eagle Bancorp during the 4th quarter valued at about $535,000. Finally, UBS Group AG boosted its position in Eagle Bancorp by 20.5% in the fourth quarter. UBS Group AG now owns 274,950 shares of the financial services provider’s stock valued at $5,889,000 after buying an additional 46,777 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than Eagle Bancorp
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for Eagle Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
