Keefe, Bruyette & Woods Issues Pessimistic Forecast for Eagle Bancorp (NASDAQ:EGBN) Stock Price

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

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

Get Our Latest Report on Eagle Bancorp

Eagle Bancorp Price Performance

NASDAQ:EGBN opened at $26.35 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. Eagle Bancorp has a 12-month low of $15.99 and a 12-month high of $30.94. The stock’s 50 day moving average price is $27.01 and its two-hundred day moving average price is $24.37. The firm has a market capitalization of $795.77 million, a price-to-earnings ratio of -16.78 and a beta of 1.10.

Eagle Bancorp (NASDAQ:EGBNGet Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, analysts anticipate that Eagle Bancorp will post 2.42 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, February 7th. Eagle Bancorp’s dividend payout ratio is currently -42.04%.

Hedge Funds Weigh In On Eagle Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Eagle Bancorp by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,440 shares of the financial services provider’s stock worth $26,637,000 after purchasing an additional 169,621 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 25,578 shares during the period. AQR Capital Management LLC raised its position in shares of Eagle Bancorp by 53.2% in the second quarter. AQR Capital Management LLC now owns 539,186 shares of the financial services provider’s stock valued at $10,191,000 after buying an additional 187,249 shares in the last quarter. Fourthstone LLC bought a new stake in shares of Eagle Bancorp in the third quarter valued at approximately $5,972,000. Finally, JPMorgan Chase & Co. grew its position in Eagle Bancorp by 44.5% during the third quarter. JPMorgan Chase & Co. now owns 158,254 shares of the financial services provider’s stock worth $3,573,000 after buying an additional 48,749 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Company Profile

(Get Free Report)

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.

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