Eagle Bancorp (EGBN) Upgraded to Buy by BidaskClub

BidaskClub upgraded shares of Eagle Bancorp (NASDAQ:EGBN) from a hold rating to a buy rating in a research report released on Thursday.

EGBN has been the topic of several other reports. Zacks Investment Research upgraded Eagle Bancorp from a hold rating to a strong-buy rating and set a $71.00 price objective on the stock in a report on Friday, January 12th. Keefe, Bruyette & Woods upgraded Eagle Bancorp from a market perform rating to an outperform rating in a report on Monday, December 4th. Finally, Stephens upgraded Eagle Bancorp from an equal weight rating to an overweight rating and set a $69.00 price objective on the stock in a report on Friday, January 19th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $68.00.

Shares of Eagle Bancorp (NASDAQ:EGBN) opened at $62.30 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. Eagle Bancorp has a twelve month low of $46.20 and a twelve month high of $69.80. The stock has a market capitalization of $2,159.18, a PE ratio of 21.34 and a beta of 0.84.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Eagle Bancorp had a return on equity of 12.65% and a net margin of 28.32%. The company had revenue of $84.86 million for the quarter, compared to analysts’ expectations of $80.80 million. equities research analysts anticipate that Eagle Bancorp will post 4.43 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. lifted its stake in Eagle Bancorp by 984.3% in the 4th quarter. Meeder Asset Management Inc. now owns 2,624 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 2,382 shares in the last quarter. Zions Bancorporation purchased a new position in Eagle Bancorp in the 3rd quarter worth approximately $231,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Eagle Bancorp in the 4th quarter worth approximately $236,000. Oppenheimer Asset Management Inc. lifted its stake in Eagle Bancorp by 38.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,966 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 1,092 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in Eagle Bancorp by 29.2% in the 4th quarter. D.A. Davidson & CO. now owns 4,830 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 1,091 shares in the last quarter. Institutional investors own 66.91% of the company’s stock.

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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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