Piper Sandler Cuts Eagle Bancorp (NASDAQ:EGBN) Price Target to $27.50

Eagle Bancorp (NASDAQ:EGBN) had its target price decreased by Piper Sandler from $31.00 to $27.50 in a report issued on Friday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

Several other brokerages have also recently weighed in on EGBN. StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods increased their price target on shares of Eagle Bancorp from $25.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Eagle Bancorp Stock Up 0.7 %

Shares of Eagle Bancorp stock opened at $25.46 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. Eagle Bancorp has a twelve month low of $15.99 and a twelve month high of $30.94. The company has a market cap of $768.89 million, a price-to-earnings ratio of -16.22 and a beta of 1.10. The company’s 50 day moving average is $27.05 and its 200 day moving average is $24.33.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.69% and a negative net margin of 6.65%. Research analysts anticipate that Eagle Bancorp will post 2.42 EPS for the current year.

Eagle Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.59%. Eagle Bancorp’s dividend payout ratio (DPR) is presently -42.04%.

Institutional Investors Weigh In On Eagle Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EGBN. Point72 Asset Management L.P. purchased a new stake in shares of Eagle Bancorp in the second quarter worth $35,000. R Squared Ltd bought a new position in Eagle Bancorp in the 4th quarter worth $51,000. Point72 DIFC Ltd purchased a new stake in Eagle Bancorp in the 3rd quarter worth $48,000. GAMMA Investing LLC raised its holdings in Eagle Bancorp by 102.0% during the third quarter. GAMMA Investing LLC now owns 2,444 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 1,234 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of Eagle Bancorp by 49.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 846 shares in 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.