Brokerages Set Eagle Bancorp, Inc. (NASDAQ:EGBN) PT at $67.25

Eagle Bancorp, Inc. (NASDAQ:EGBN) has received an average recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $67.25.

A number of brokerages have recently weighed in on EGBN. BidaskClub upgraded Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Tuesday, July 25th.

In related news, CEO Ronald D. Paul sold 706 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $64.12, for a total value of $45,268.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Leland M. Weinstein sold 8,295 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $62.22, for a total value of $516,114.90. Following the completion of the sale, the director now owns 72,469 shares in the company, valued at approximately $4,509,021.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,924 shares of company stock worth $2,074,098. 8.39% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of EGBN. Prudential Financial Inc. raised its stake in shares of Eagle Bancorp by 0.3% in the first quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock worth $203,000 after buying an additional 10 shares in the last quarter. Alps Advisors Inc. raised its stake in Eagle Bancorp by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,889 shares of the financial services provider’s stock valued at $499,000 after buying an additional 21 shares in the last quarter. First National Bank of Hutchinson raised its stake in Eagle Bancorp by 0.3% in the second quarter. First National Bank of Hutchinson now owns 10,224 shares of the financial services provider’s stock valued at $649,000 after buying an additional 32 shares in the last quarter. Trillium Asset Management LLC raised its stake in Eagle Bancorp by 0.3% in the second quarter. Trillium Asset Management LLC now owns 18,185 shares of the financial services provider’s stock valued at $1,151,000 after buying an additional 48 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Eagle Bancorp by 1.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,751 shares of the financial services provider’s stock valued at $427,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 66.55% of the company’s stock.

Shares of Eagle Bancorp (NASDAQ:EGBN) opened at 62.10 on Tuesday. The stock’s 50 day moving average is $62.66 and its 200-day moving average is $60.78. Eagle Bancorp has a one year low of $47.20 and a one year high of $65.00. The stock has a market cap of $2.12 billion, a P/E ratio of 20.23 and a beta of 0.70.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.04. Eagle Bancorp had a return on equity of 12.39% and a net margin of 31.79%. The business had revenue of $76.72 million for the quarter, compared to analyst estimates of $75.41 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. On average, equities analysts forecast that Eagle Bancorp will post $3.27 EPS for the current year.

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About Eagle Bancorp

Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.

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