Eagle Bancorp (NASDAQ:EGBN) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Eagle Bancorp (NASDAQ:EGBN) from a hold rating to a sell rating in a research report report published on Saturday.

A number of other equities research analysts also recently weighed in on the stock. Piper Sandler dropped their price target on shares of Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Jefferies Financial Group set a $20.00 price target on shares of Eagle Bancorp and gave the stock a “hold” rating in a research note on Wednesday, May 21st. Janney Montgomery Scott raised shares of Eagle Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, June 10th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.75.

Eagle Bancorp Trading Down 1.9%

EGBN opened at $17.23 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. The company has a market cap of $523.40 million, a price-to-earnings ratio of -10.97 and a beta of 1.03. The firm has a 50 day simple moving average of $18.53 and a 200 day simple moving average of $22.42. Eagle Bancorp has a fifty-two week low of $15.99 and a fifty-two week high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.40). The business had revenue of $73.86 million for the quarter, compared to the consensus estimate of $71.93 million. Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. On average, sell-side analysts anticipate that Eagle Bancorp will post 2.31 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.83%. The ex-dividend date was Monday, May 5th. Eagle Bancorp’s payout ratio is presently -44.00%.

Institutional Investors Weigh In On Eagle Bancorp

Several large investors have recently bought and sold shares of EGBN. Vanguard Group Inc. increased its position in shares of Eagle Bancorp by 2.2% during the first quarter. Vanguard Group Inc. now owns 2,748,105 shares of the financial services provider’s stock worth $57,710,000 after acquiring an additional 58,682 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Eagle Bancorp by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,571,976 shares of the financial services provider’s stock worth $40,919,000 after acquiring an additional 63,702 shares in the last quarter. Fourthstone LLC increased its position in shares of Eagle Bancorp by 382.7% during the fourth quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider’s stock worth $33,231,000 after acquiring an additional 1,012,182 shares in the last quarter. North Reef Capital Management LP increased its position in shares of Eagle Bancorp by 251.9% during the fourth quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider’s stock worth $25,186,000 after acquiring an additional 692,593 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Eagle Bancorp by 6.7% during the first quarter. American Century Companies Inc. now owns 691,789 shares of the financial services provider’s stock worth $14,528,000 after acquiring an additional 43,597 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.