Eagle Bancorp (NASDAQ:EGBN) Cut to Neutral at Piper Jaffray Companies

Piper Jaffray Companies lowered shares of Eagle Bancorp (NASDAQ:EGBN) from an overweight rating to a neutral rating in a research report sent to investors on Friday, BenzingaRatingsTable reports. The brokerage currently has $47.00 price target on the financial services provider’s stock, down from their previous price target of $63.00. Piper Jaffray Companies also issued estimates for Eagle Bancorp’s Q2 2019 earnings at $1.13 EPS, Q3 2019 earnings at $1.16 EPS, Q3 2019 earnings at $1.04 EPS, Q4 2019 earnings at $1.03 EPS, Q4 2019 earnings at $1.18 EPS, FY2019 earnings at $4.56 EPS, Q1 2020 earnings at $1.16 EPS, Q1 2020 earnings at $1.03 EPS, Q2 2020 earnings at $1.05 EPS, Q2 2020 earnings at $1.19 EPS, Q3 2020 earnings at $1.23 EPS, Q3 2020 earnings at $1.10 EPS, Q4 2020 earnings at $1.12 EPS, Q4 2020 earnings at $1.26 EPS and FY2020 earnings at $4.84 EPS.

Several other equities analysts also recently commented on the company. Stephens set a $22.00 target price on Home Bancshares and gave the company a buy rating in a research report on Monday, April 22nd. ValuEngine downgraded United Rentals from a sell rating to a strong sell rating in a research report on Thursday. FIG Partners reissued an outperform rating on shares of Eagle Bancorp in a research report on Wednesday, April 3rd. Boenning Scattergood reissued an outperform rating and set a $47.75 price target on shares of WSFS Financial in a research report on Thursday, June 20th. Finally, BidaskClub downgraded Walgreens Boots Alliance from a sell rating to a strong sell rating in a research report on Monday, June 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $57.50.

Eagle Bancorp stock opened at $39.63 on Friday. Eagle Bancorp has a 12 month low of $38.67 and a 12 month high of $60.77. The company has a 50 day moving average price of $53.79. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.37 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.92.



Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.05). Eagle Bancorp had a net margin of 33.71% and a return on equity of 13.77%. The firm had revenue of $87.70 million during the quarter, compared to analyst estimates of $82.37 million. During the same period in the previous year, the company posted $1.09 EPS. Eagle Bancorp’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts predict that Eagle Bancorp will post 4.44 EPS for the current year.

Several hedge funds have recently modified their holdings of EGBN. Pearl River Capital LLC acquired a new stake in shares of Eagle Bancorp in the 1st quarter valued at $104,000. Zions Bancorporation N.A. acquired a new stake in shares of Eagle Bancorp in the 1st quarter valued at $177,000. Marshall Wace North America L.P. acquired a new stake in shares of Eagle Bancorp in the 1st quarter valued at $189,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Eagle Bancorp in the 2nd quarter valued at $203,000. Finally, Brinker Capital Inc. acquired a new stake in shares of Eagle Bancorp in the 4th quarter valued at $206,000. 75.92% 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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Analyst Recommendations for Eagle Bancorp (NASDAQ:EGBN)

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