Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $34.21 and last traded at $34.08, with a volume of 33,955 shares trading hands. The stock had previously closed at $33.28.
Wall Street Analysts Forecast Growth
A number of research firms have commented on EGBN. Weiss Ratings reissued a “sell (d-)” rating on shares of Eagle Bancorp in a research note on Wednesday, September 2nd. Hovde Group started coverage on Eagle Bancorp in a research note on Wednesday, October 7th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, Zacks Research raised Eagle Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Eagle Bancorp presently has an average rating of “Hold” and a consensus price target of $31.00.
View Our Latest Report on EGBN
Eagle Bancorp Trading Up 2.1%
The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.04 billion, a P/E ratio of 19.69 and a beta of 0.97. The business has a 50-day moving average price of $28.97 and a two-hundred day moving average price of $27.19.
Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.45. The business had revenue of $70.87 million for the quarter, compared to analysts’ expectations of $71.78 million. Eagle Bancorp had a return on equity of 4.66% and a net margin of 9.30%. On average, analysts predict that Eagle Bancorp, Inc. will post 1.84 EPS for the current year.
Eagle Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, November 6th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, November 6th. Eagle Bancorp’s dividend payout ratio (DPR) is 2.29%.
Institutional Investors Weigh In On Eagle Bancorp
Several institutional investors have recently modified their holdings of the business. Versant Capital Management Inc grew its stake in shares of Eagle Bancorp by 16.2% during the second quarter. Versant Capital Management Inc now owns 3,545 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 493 shares during the period. Hilton Head Capital Partners LLC increased its holdings in Eagle Bancorp by 3.3% in the third quarter. Hilton Head Capital Partners LLC now owns 19,011 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 599 shares during the last quarter. Swiss National Bank lifted its stake in Eagle Bancorp by 1.9% in the first quarter. Swiss National Bank now owns 60,032 shares of the financial services provider’s stock valued at $1,493,000 after buying an additional 1,100 shares during the period. Parallel Advisors LLC lifted its stake in Eagle Bancorp by 502.7% in the third quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,106 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Eagle Bancorp in the second quarter valued at about $39,000. 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 banking institution headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, professional practices, nonprofit organizations and individual customers primarily in the Washington, DC, metropolitan region, including communities in Maryland and Northern Virginia.
EagleBank provides commercial and retail banking services, including business and personal checking and savings accounts, commercial real estate lending, construction financing, commercial and industrial loans, residential mortgages and other credit products.
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