Zacks Investment Research Downgrades Eagle Bancorp (EGBN) to Sell

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Eagle Bancorp (NASDAQ:EGBN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

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. “

A number of other equities analysts have also commented on the stock. BidaskClub lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, March 16th. ValuEngine lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Stephens lowered shares of Eagle Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 6th. TheStreet raised shares of Eagle Bancorp from a “c+” rating to a “b-” rating in a research report on Thursday, January 31st. Finally, Keefe, Bruyette & Woods lowered shares of Eagle Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 17th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $66.85.

Shares of EGBN traded down $0.50 during trading hours on Thursday, hitting $52.14. The company had a trading volume of 522,000 shares, compared to its average volume of 244,147. The firm has a market capitalization of $1.87 billion, a PE ratio of 11.80, a PEG ratio of 0.93 and a beta of 0.98. Eagle Bancorp has a 12 month low of $45.15 and a 12 month high of $65.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.04 and a quick ratio of 1.03.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.03. Eagle Bancorp had a net margin of 36.62% and a return on equity of 14.58%. The business had revenue of $81.70 million for the quarter, compared to analyst estimates of $82.13 million. During the same period last year, the firm earned $0.88 earnings per share. Eagle Bancorp’s revenue for the quarter was up 8.4% compared to the same quarter last year. Analysts predict that Eagle Bancorp will post 4.7 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC bought a new position in Eagle Bancorp in the 4th quarter valued at about $45,000. First Manhattan Co. bought a new position in Eagle Bancorp in the 4th quarter valued at about $53,000. Flinton Capital Management LLC bought a new position in Eagle Bancorp in the 4th quarter valued at about $80,000. Neuburgh Advisers LLC bought a new position in Eagle Bancorp in the 4th quarter valued at about $98,000. Finally, Quantbot Technologies LP increased its holdings in Eagle Bancorp by 180.2% in the 3rd quarter. Quantbot Technologies LP now owns 2,023 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,301 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

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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