Eagle Bancorp (NASDAQ:EGBN) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Eagle Bancorp (NASDAQ:EGBN) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage set a “hold” rating and a $20.00 price target on the financial services provider’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 8.05% from the company’s current price.

A number of other brokerages also recently weighed in on EGBN. Keefe, Bruyette & Woods lowered their price target on Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating for the company in a report on Monday, April 28th. Piper Sandler dropped their price objective on shares of Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th.

Eagle Bancorp Stock Performance

Eagle Bancorp stock opened at $18.51 on Wednesday. Eagle Bancorp has a 52 week low of $15.99 and a 52 week high of $30.94. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $562.28 million, a P/E ratio of -11.79 and a beta of 1.02. The stock has a 50 day moving average of $19.79 and a 200-day moving average of $23.94.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.40). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. The company had revenue of $73.86 million during the quarter, compared to the consensus estimate of $71.93 million. On average, analysts expect that Eagle Bancorp will post 2.31 EPS for the current fiscal year.

Insider Buying and Selling at Eagle Bancorp

In other Eagle Bancorp news, CFO Eric R. Newell purchased 1,170 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $21.37 per share, with a total value of $25,002.90. Following the completion of the acquisition, the chief financial officer now owns 28,733 shares in the company, valued at approximately $614,024.21. This represents a 4.24% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.39% of the stock is currently owned by company insiders.

Institutional Trading of Eagle Bancorp

Large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its stake in shares of Eagle Bancorp by 353.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 775 shares in the last quarter. R Squared Ltd bought a new position in Eagle Bancorp in the 4th quarter valued at about $51,000. Millstone Evans Group LLC acquired a new position in Eagle Bancorp during the 4th quarter valued at about $59,000. Russell Investments Group Ltd. raised its position in shares of Eagle Bancorp by 42.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider’s stock worth $82,000 after buying an additional 933 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Eagle Bancorp in the 4th quarter worth approximately $212,000. 78.03% of the stock is currently owned by institutional investors and hedge funds.

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.