Eagle Bancorp (NASDAQ:EGBN) Stock Rating Upgraded by StockNews.com

Eagle Bancorp (NASDAQ:EGBN) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Eagle Bancorp Stock Performance

NASDAQ EGBN opened at $19.41 on Thursday. Eagle Bancorp has a 1-year low of $16.72 and a 1-year high of $31.97. The company has a 50 day moving average of $22.56 and a 200-day moving average of $24.10. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.08. The firm has a market cap of $580.94 million, a price-to-earnings ratio of 7.81 and a beta of 1.02.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.09). Eagle Bancorp had a return on equity of 6.14% and a net margin of 11.14%. The business had revenue of $75.89 million for the quarter, compared to the consensus estimate of $75.67 million. On average, equities analysts forecast that Eagle Bancorp will post 2.32 earnings per share for the current fiscal year.

Insider Activity at Eagle Bancorp

In other Eagle Bancorp news, EVP Lindsey S. Rheaume sold 22,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $22.98, for a total transaction of $505,560.00. Following the sale, the executive vice president now owns 9,075 shares of the company’s stock, valued at approximately $208,543.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EGBN. AQR Capital Management LLC increased its stake in shares of Eagle Bancorp by 378.9% in the 3rd quarter. AQR Capital Management LLC now owns 361,217 shares of the financial services provider’s stock valued at $7,748,000 after buying an additional 285,790 shares during the period. Epoch Investment Partners Inc. acquired a new stake in Eagle Bancorp in the fourth quarter worth about $7,801,000. Vanguard Group Inc. raised its holdings in Eagle Bancorp by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 3,362,689 shares of the financial services provider’s stock worth $101,351,000 after purchasing an additional 126,085 shares during the last quarter. Caxton Associates LP lifted its position in Eagle Bancorp by 480.5% during the 3rd quarter. Caxton Associates LP now owns 106,547 shares of the financial services provider’s stock valued at $2,285,000 after purchasing an additional 88,193 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Eagle Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,044,835 shares of the financial services provider’s stock valued at $31,493,000 after purchasing an additional 54,480 shares during the last quarter. Institutional investors own 78.03% 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. 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.