Eagle Bancorp (NASDAQ:EGBN) Research Coverage Started at Piper Sandler

Piper Sandler started coverage on shares of Eagle Bancorp (NASDAQ:EGBN) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $27.00 price target on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods boosted their price target on Eagle Bancorp from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th.

Eagle Bancorp Trading Up 0.8 %

NASDAQ:EGBN opened at $23.28 on Monday. The stock has a market cap of $702.82 million, a PE ratio of 9.27 and a beta of 1.09. The stock’s 50-day moving average is $22.17 and its two-hundred day moving average is $20.49. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.02 and a quick ratio of 1.02. Eagle Bancorp has a fifty-two week low of $15.99 and a fifty-two week high of $31.97.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.34. The business had revenue of $175.06 million during the quarter, compared to analyst estimates of $80.90 million. Eagle Bancorp had a negative net margin of 5.28% and a positive return on equity of 5.50%. During the same quarter in the previous year, the business earned $0.94 EPS. As a group, equities research analysts forecast that Eagle Bancorp will post 1.46 earnings per share for the current fiscal year.

Eagle Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, October 21st will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Monday, October 21st. Eagle Bancorp’s dividend payout ratio is 26.29%.

Institutional Trading of Eagle Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp lifted its stake in shares of Eagle Bancorp by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 26,191 shares of the financial services provider’s stock valued at $615,000 after buying an additional 515 shares during the period. Carmichael Hill & Associates Inc. lifted its position in shares of Eagle Bancorp by 36.1% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 721 shares during the period. Illinois Municipal Retirement Fund grew its holdings in shares of Eagle Bancorp by 5.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 18,028 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 870 shares in the last quarter. XML Financial LLC grew its holdings in shares of Eagle Bancorp by 4.7% during the 1st quarter. XML Financial LLC now owns 19,986 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 900 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in shares of Eagle Bancorp during the first quarter valued at approximately $26,000. Institutional investors 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.