Eagle Bancorp (NASDAQ:EGBN) Lifted to Hold at StockNews.com

Eagle Bancorp (NASDAQ:EGBN) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Eagle Bancorp Trading Down 2.8 %

Shares of EGBN stock opened at $19.41 on Thursday. The company has a market cap of $580.94 million, a P/E ratio of 7.81 and a beta of 1.02. Eagle Bancorp has a fifty-two week low of $16.72 and a fifty-two week high of $31.97. The stock has a 50 day simple moving average of $22.56 and a two-hundred day simple moving average of $24.10. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.97 and a current ratio of 0.97.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.09). The company had revenue of $75.89 million for the quarter, compared to analyst estimates of $75.67 million. Eagle Bancorp had a net margin of 11.14% and a return on equity of 6.14%. Research analysts forecast that Eagle Bancorp will post 2.32 earnings per share for the current year.

Insider Activity at Eagle Bancorp

In other Eagle Bancorp news, EVP Lindsey S. Rheaume sold 22,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $22.98, for a total value of $505,560.00. Following the transaction, the executive vice president now owns 9,075 shares in the company, valued at $208,543.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc increased its position in shares of Eagle Bancorp by 1,910.2% during the fourth quarter. Versant Capital Management Inc now owns 985 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 936 shares in the last quarter. Riverview Trust Co bought a new stake in Eagle Bancorp during the 1st quarter worth approximately $26,000. Gladius Capital Management LP raised its stake in shares of Eagle Bancorp by 762.4% in the fourth quarter. Gladius Capital Management LP now owns 1,466 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,296 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Eagle Bancorp in the third quarter valued at approximately $32,000. Finally, GAMMA Investing LLC purchased a new position in shares of Eagle Bancorp during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 78.03% of the company’s stock.

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. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.