Eagle Bancorp (NASDAQ:EGBN) Given New $30.00 Price Target at Keefe, Bruyette & Woods

Eagle Bancorp (NASDAQ:EGBN) had its price target lowered by Keefe, Bruyette & Woods from $32.00 to $30.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on EGBN. StockNews.com upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Piper Sandler decreased their price objective on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a report on Friday.

Eagle Bancorp Price Performance

Shares of EGBN opened at $26.35 on Monday. The stock has a 50 day simple moving average of $27.01 and a 200 day simple moving average of $24.37. Eagle Bancorp has a 52-week low of $15.99 and a 52-week high of $30.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $795.77 million, a PE ratio of -16.78 and a beta of 1.10.

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

Eagle Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $0.165 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.66 annualized dividend and a yield of 2.50%. Eagle Bancorp’s payout ratio is currently -42.04%.

Hedge Funds Weigh In On Eagle Bancorp

Large investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in Eagle Bancorp by 3.7% during the third quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider’s stock worth $16,254,000 after acquiring an additional 25,578 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Eagle Bancorp by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 1,340 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Eagle Bancorp by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider’s stock valued at $247,000 after buying an additional 450 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Eagle Bancorp by 41.6% in the third quarter. BNP Paribas Financial Markets now owns 55,627 shares of the financial services provider’s stock valued at $1,256,000 after buying an additional 16,338 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Eagle Bancorp by 63.9% in the third quarter. Jane Street Group LLC now owns 71,703 shares of the financial services provider’s stock valued at $1,619,000 after buying an additional 27,942 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

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.