Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $68.00.

EGBN has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $64.00 target price on shares of Eagle Bancorp in a research note on Tuesday, October 3rd. Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 19th. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Friday, October 20th. BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Finally, Stephens upgraded Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 target price for the company in a research note on Friday.

In other Eagle Bancorp news, Director Harvey Michael Goodman sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $67.00, for a total value of $201,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dudley C. Dworken sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $67.00, for a total value of $134,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,959 shares of company stock valued at $2,682,251. 8.39% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of EGBN. Wasatch Advisors Inc. lifted its stake in Eagle Bancorp by 20.4% in the fourth quarter. Wasatch Advisors Inc. now owns 2,631,962 shares of the financial services provider’s stock valued at $152,391,000 after buying an additional 446,808 shares during the last quarter. Jennison Associates LLC lifted its stake in Eagle Bancorp by 23.7% in the third quarter. Jennison Associates LLC now owns 1,291,987 shares of the financial services provider’s stock valued at $86,628,000 after buying an additional 247,254 shares during the last quarter. Vanguard Group Inc. lifted its stake in Eagle Bancorp by 5.4% in the second quarter. Vanguard Group Inc. now owns 2,523,941 shares of the financial services provider’s stock valued at $159,766,000 after buying an additional 129,146 shares during the last quarter. BlackRock Inc. lifted its stake in Eagle Bancorp by 5.3% in the second quarter. BlackRock Inc. now owns 2,061,719 shares of the financial services provider’s stock valued at $130,506,000 after buying an additional 103,343 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Eagle Bancorp by 5.0% in the third quarter. Victory Capital Management Inc. now owns 1,386,541 shares of the financial services provider’s stock valued at $92,968,000 after buying an additional 66,279 shares during the last quarter. Institutional investors own 69.54% of the company’s stock.

Shares of Eagle Bancorp (NASDAQ EGBN) opened at $62.60 on Tuesday. The firm has a market capitalization of $2,140.00, a P/E ratio of 21.44 and a beta of 0.87. Eagle Bancorp has a 52 week low of $46.20 and a 52 week high of $69.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.02. The firm had revenue of $84.86 million during the quarter, compared to analysts’ expectations of $80.80 million. Eagle Bancorp had a return on equity of 12.65% and a net margin of 28.32%. analysts forecast that Eagle Bancorp will post 4.41 EPS for the current year.

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Eagle Bancorp Company Profile

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.

Analyst Recommendations for Eagle Bancorp (NASDAQ:EGBN)

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