Eagle Bancorp (NASDAQ:EGBN) Trading 4.2% Higher – Still a Buy?

Eagle Bancorp, Inc. (NASDAQ:EGBN)’s stock price shot up 4.2% on Thursday . The stock traded as high as $25.55 and last traded at $25.62. 79,995 shares traded hands during trading, a decline of 61% from the average session volume of 206,194 shares. The stock had previously closed at $24.58.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods increased their price objective on Eagle Bancorp from $25.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler started coverage on shares of Eagle Bancorp in a research note on Monday, October 21st. They issued a “neutral” rating and a $27.00 target price for the company.

Eagle Bancorp Price Performance

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 company has a fifty day moving average price of $27.19 and a two-hundred day moving average price of $24.19. The company has a market cap of $759.98 million, a P/E ratio of -17.98 and a beta of 1.10.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data 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 5.04% and a negative net margin of 5.97%. On average, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 1.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Eagle Bancorp

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

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.