Brokerages Set Eagle Bancorp, Inc. (EGBN) PT at $68.31

Eagle Bancorp, Inc. (NASDAQ:EGBN) has been assigned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $68.31.

Several analysts recently weighed in on the company. Boenning Scattergood restated a “buy” rating and set a $72.25 price objective on shares of Eagle Bancorp in a research report on Wednesday, March 28th. Zacks Investment Research downgraded Eagle Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. BidaskClub upgraded Eagle Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Stephens upgraded Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price objective for the company in a research report on Friday, January 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $66.00 target price on shares of Eagle Bancorp in a report on Friday, December 22nd.

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Shares of NASDAQ:EGBN traded down $0.35 during trading on Friday, reaching $58.50. 29,938 shares of the company traded hands, compared to its average volume of 142,917. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05. Eagle Bancorp has a 52 week low of $46.20 and a 52 week high of $69.80. The company has a market cap of $2,003.57, a price-to-earnings ratio of 17.54 and a beta of 0.88.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.02. Eagle Bancorp had a return on equity of 12.49% and a net margin of 28.32%. The business had revenue of $84.86 million during the quarter, compared to the consensus estimate of $80.80 million. research analysts predict that Eagle Bancorp will post 4.35 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Hilton Capital Management LLC acquired a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $558,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $1,314,000. MetLife Investment Advisors LLC acquired a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $869,000. Millennium Management LLC increased its stake in shares of Eagle Bancorp by 367.6% in the fourth quarter. Millennium Management LLC now owns 421,467 shares of the financial services provider’s stock valued at $24,403,000 after buying an additional 331,328 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $236,000. 69.87% of the stock is owned by institutional investors and hedge funds.

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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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