According to Zacks, “EAGLE BANCORP is the holding company for EagleBank. The Bank is headquartered in Bethesda, Maryland, and conducts full service commercial banking services through nine offices, located in Montgomery County, Maryland and Washington, D.C. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace. “
EGBN has been the subject of a number of other research reports. Sandler O’Neill set a $60.00 price target on Eagle Bancorp and gave the stock a buy rating in a research report on Monday, April 22nd. BidaskClub cut Eagle Bancorp from a buy rating to a hold rating in a research report on Friday, March 1st. Stephens set a $58.00 price target on Eagle Bancorp and gave the stock a hold rating in a research report on Monday, April 22nd. ValuEngine cut Eagle Bancorp from a hold rating to a sell rating in a research report on Wednesday, March 6th. Finally, Boenning Scattergood restated an outperform rating on shares of Eagle Bancorp in a research report on Thursday, June 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Eagle Bancorp currently has a consensus rating of Hold and a consensus target price of $63.00.
Shares of EGBN opened at $53.28 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50-day moving average of $54.85. The stock has a market capitalization of $1.84 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97. Eagle Bancorp has a 52 week low of $45.15 and a 52 week high of $65.42.
Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.02). The company had revenue of $81.02 million during the quarter, compared to analysts’ expectations of $82.25 million. Eagle Bancorp had a return on equity of 14.28% and a net margin of 34.72%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 EPS. Equities research analysts forecast that Eagle Bancorp will post 4.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, May 30th. Eagle Bancorp’s dividend payout ratio is currently 19.91%.
Several large investors have recently added to or reduced their stakes in EGBN. Flinton Capital Management LLC purchased a new stake in shares of Eagle Bancorp during the fourth quarter worth about $80,000. Neuburgh Advisers LLC purchased a new stake in shares of Eagle Bancorp during the fourth quarter worth about $98,000. Pearl River Capital LLC purchased a new stake in shares of Eagle Bancorp during the first quarter worth about $104,000. Zions Bancorporation N.A. purchased a new stake in shares of Eagle Bancorp during the first quarter worth about $177,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Eagle Bancorp during the first quarter worth about $189,000. Hedge funds and other institutional investors own 76.01% of the company’s stock.
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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