ValuEngine Lowers Eagle Bancorp (EGBN) to Sell

Eagle Bancorp (NASDAQ:EGBN) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other brokerages have also weighed in on EGBN. BidaskClub lowered Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th. TheStreet upgraded Eagle Bancorp from a “c+” rating to a “b-” rating in a research note on Thursday, January 31st. Stephens lowered Eagle Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Zacks Investment Research lowered Eagle Bancorp from a “buy” rating to a “sell” rating in a research note on Tuesday, January 15th. Finally, Keefe, Bruyette & Woods lowered Eagle Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Eagle Bancorp presently has a consensus rating of “Hold” and an average price target of $66.85.

Shares of NASDAQ:EGBN traded down $2.12 during midday trading on Wednesday, reaching $56.42. The company’s stock had a trading volume of 217,560 shares, compared to its average volume of 247,397. Eagle Bancorp has a fifty-two week low of $45.15 and a fifty-two week high of $65.42. The firm has a market cap of $2.00 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.04.



Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, January 16th. The financial services provider reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.03. Eagle Bancorp had a return on equity of 14.58% and a net margin of 36.62%. The company had revenue of $81.70 million during the quarter, compared to analyst estimates of $82.13 million. During the same period last year, the company posted $0.88 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Eagle Bancorp will post 4.7 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. LS Investment Advisors LLC bought a new position in Eagle Bancorp in the fourth quarter valued at about $45,000. First Manhattan Co. bought a new position in Eagle Bancorp in the fourth quarter valued at about $53,000. Flinton Capital Management LLC bought a new position in Eagle Bancorp in the fourth quarter valued at about $80,000. Neuburgh Advisers LLC bought a new position in Eagle Bancorp in the fourth quarter valued at about $98,000. Finally, Quantbot Technologies LP boosted its holdings in Eagle Bancorp by 180.2% in the third quarter. Quantbot Technologies LP now owns 2,023 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,301 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Eagle Bancorp Company Profile

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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