Eagle Bancorp (NASDAQ:EGBN) Stock Rating Lowered by Zacks Research

Eagle Bancorp (NASDAQ:EGBN) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

EGBN has been the subject of a number of other research reports. Piper Sandler decreased their price target on shares of Eagle Bancorp from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Weiss Ratings restated a “sell (d)” rating on shares of Eagle Bancorp in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Eagle Bancorp currently has an average rating of “Reduce” and an average price target of $21.25.

Eagle Bancorp Stock Performance

Shares of EGBN stock opened at $16.52 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. Eagle Bancorp has a 52 week low of $15.03 and a 52 week high of $30.94. The stock has a market capitalization of $501.70 million, a PE ratio of -4.17 and a beta of 1.17. The firm has a 50 day moving average of $19.61 and a two-hundred day moving average of $18.89.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Monday, September 11th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.07%. The company had revenue of $88.48 million during the quarter. On average, research analysts predict that Eagle Bancorp will post 2.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Eagle Bancorp

A number of large investors have recently bought and sold shares of the company. MAI Capital Management raised its position in Eagle Bancorp by 24.2% during the 2nd quarter. MAI Capital Management now owns 3,448 shares of the financial services provider’s stock worth $67,000 after buying an additional 671 shares during the last quarter. Versant Capital Management Inc raised its position in Eagle Bancorp by 102.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider’s stock worth $30,000 after buying an additional 753 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Eagle Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,581 shares of the financial services provider’s stock worth $369,000 after buying an additional 780 shares during the last quarter. CWM LLC raised its position in Eagle Bancorp by 5.5% during the 1st quarter. CWM LLC now owns 15,287 shares of the financial services provider’s stock worth $321,000 after buying an additional 802 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Eagle Bancorp by 5.6% during the 1st quarter. Inspire Investing LLC now owns 16,339 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 860 shares during the period. Hedge funds and other 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.