Eagle Bancorp (EGBN) Cut to “Sell” at ValuEngine

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ValuEngine lowered shares of Eagle Bancorp (NASDAQ:EGBN) from a hold rating to a sell rating in a research report report published on Wednesday.

Several other analysts have also recently issued reports on the stock. BidaskClub upgraded shares of Eagle Bancorp from a hold rating to a buy rating in a research note on Friday, February 22nd. Stephens lowered shares of Eagle Bancorp from an overweight rating to an equal weight rating in a report on Wednesday. TheStreet lowered shares of Eagle Bancorp from a b- rating to a c+ rating in a report on Thursday, November 15th. Boenning Scattergood reissued a buy rating on shares of Eagle Bancorp in a report on Thursday, January 17th. Finally, Keefe, Bruyette & Woods lowered shares of Eagle Bancorp from an outperform rating to a market perform rating in a report on Thursday, January 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Eagle Bancorp has an average rating of Hold and a consensus price target of $66.85.

NASDAQ:EGBN opened at $56.42 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.00 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96. Eagle Bancorp has a one year low of $45.15 and a one year high of $65.42.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.03. Eagle Bancorp had a net margin of 36.62% and a return on equity of 14.58%. The business had revenue of $81.70 million during the quarter, compared to the consensus estimate of $82.13 million. During the same period in the prior year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities analysts predict that Eagle Bancorp will post 4.7 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. MetLife Investment Advisors LLC raised its stake in Eagle Bancorp by 53.2% during the third quarter. MetLife Investment Advisors LLC now owns 22,996 shares of the financial services provider’s stock valued at $1,164,000 after purchasing an additional 7,986 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Eagle Bancorp by 15.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,939 shares of the financial services provider’s stock worth $452,000 after purchasing an additional 1,181 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Eagle Bancorp by 59.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,985,980 shares of the financial services provider’s stock worth $96,737,000 after purchasing an additional 741,131 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Eagle Bancorp in the third quarter worth about $2,491,000. Finally, Bank of Montreal Can grew its holdings in Eagle Bancorp by 12.7% during the 4th quarter. Bank of Montreal Can now owns 81,112 shares of the financial services provider’s stock worth $3,951,000 after acquiring an additional 9,150 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

About Eagle Bancorp

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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