Eagle Bancorp (EGBN) Rating Increased to Hold at ValuEngine

Eagle Bancorp (NASDAQ:EGBN) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday.

Other research analysts have also recently issued research reports about the company. TheStreet raised Eagle Bancorp from a “c+” rating to a “b-” rating in a research note on Thursday, January 31st. Boenning Scattergood reissued a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, January 17th. BidaskClub raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. Keefe, Bruyette & Woods cut Eagle Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 17th. Finally, Zacks Investment Research cut Eagle Bancorp from a “buy” rating to a “sell” rating in a research note on Tuesday, January 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Eagle Bancorp presently has a consensus rating of “Hold” and an average price target of $66.85.

EGBN opened at $60.01 on Wednesday. The firm has a market capitalization of $2.00 billion, a P/E ratio of 13.58, a PEG ratio of 1.00 and a beta of 0.96. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. Eagle Bancorp has a 52 week low of $45.15 and a 52 week high of $65.42.



Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, January 16th. The financial services provider reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.03. The business had revenue of $81.70 million for the quarter, compared to analysts’ expectations of $82.13 million. Eagle Bancorp had a return on equity of 14.58% and a net margin of 36.62%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. As a group, sell-side analysts anticipate that Eagle Bancorp will post 4.7 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Surevest Inc. bought a new position in shares of Eagle Bancorp during the fourth quarter valued at about $1,476,000. Nordea Investment Management AB bought a new position in shares of Eagle Bancorp during the fourth quarter valued at about $1,339,000. Amalgamated Bank bought a new position in shares of Eagle Bancorp during the fourth quarter valued at about $238,000. Public Employees Retirement System of Ohio grew its stake in shares of Eagle Bancorp by 26.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 80,155 shares of the financial services provider’s stock valued at $3,904,000 after buying an additional 16,655 shares during the last quarter. Finally, Context BH Capital Management LP grew its stake in shares of Eagle Bancorp by 378.5% during the fourth quarter. Context BH Capital Management LP now owns 226,471 shares of the financial services provider’s stock valued at $11,031,000 after buying an additional 179,139 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

About Eagle Bancorp

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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