Eagle Bancorp, Inc. (EGBN) Receives $68.00 Consensus Target Price from Brokerages

Eagle Bancorp, Inc. (NASDAQ:EGBN) has been given a consensus rating of “Buy” by the six analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $68.00.

A number of research firms have recently commented on EGBN. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Wednesday, January 3rd. BidaskClub raised Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Stephens raised Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price target for the company in a report on Friday, January 19th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $66.00 price target on shares of Eagle Bancorp in a report on Friday, December 22nd.

Several institutional investors have recently bought and sold shares of the company. FMR LLC increased its holdings in Eagle Bancorp by 8.5% in the 2nd quarter. FMR LLC now owns 4,856 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 382 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Eagle Bancorp by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,288 shares of the financial services provider’s stock worth $1,537,000 after purchasing an additional 532 shares in the last quarter. Aperio Group LLC increased its holdings in Eagle Bancorp by 9.9% in the 4th quarter. Aperio Group LLC now owns 8,613 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 776 shares in the last quarter. Voya Investment Management LLC increased its holdings in Eagle Bancorp by 6.5% in the 2nd quarter. Voya Investment Management LLC now owns 15,583 shares of the financial services provider’s stock worth $986,000 after purchasing an additional 947 shares in the last quarter. Finally, Jefferies Group LLC increased its holdings in Eagle Bancorp by 24.1% in the 4th quarter. Jefferies Group LLC now owns 5,208 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 1,011 shares in the last quarter. 66.91% of the stock is owned by institutional investors.

Eagle Bancorp (NASDAQ EGBN) traded up $1.00 during trading on Friday, hitting $63.15. The stock had a trading volume of 119,400 shares, compared to its average volume of 147,064. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05. Eagle Bancorp has a 12 month low of $46.20 and a 12 month high of $69.80. The firm has a market cap of $2,160.89, a PE ratio of 21.63 and a beta of 0.84.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. Eagle Bancorp had a return on equity of 12.65% and a net margin of 28.32%. The company had revenue of $84.86 million during the quarter, compared to analysts’ expectations of $80.80 million. research analysts anticipate that Eagle Bancorp will post 4.43 earnings per share for the current year.

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Eagle Bancorp Company Profile

Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.

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