Keefe, Bruyette & Woods Has Lowered Expectations for Eagle Bancorp (NASDAQ:EGBN) Stock Price

Eagle Bancorp (NASDAQ:EGBN) had its price target lowered by analysts at Keefe, Bruyette & Woods from $32.00 to $30.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 15.16% from the stock’s previous close.

EGBN has been the topic of several other reports. StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Piper Sandler decreased their target price on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a research note on Friday, January 24th.

Eagle Bancorp Price Performance

NASDAQ:EGBN opened at $26.05 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. The business’s 50-day moving average price is $26.96 and its 200 day moving average price is $24.41. Eagle Bancorp has a 52-week low of $15.99 and a 52-week high of $30.94. The firm has a market cap of $786.71 million, a P/E ratio of -16.59 and a beta of 1.10.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.50 EPS 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%. As a group, sell-side analysts predict that Eagle Bancorp will post 2.42 earnings per share for the current fiscal year.

Institutional Trading of Eagle Bancorp

Several institutional investors have recently made changes to their positions in EGBN. Fourthstone LLC bought a new position in Eagle Bancorp during the third quarter worth about $5,972,000. AQR Capital Management LLC increased its holdings in Eagle Bancorp by 53.2% during the 2nd quarter. AQR Capital Management LLC now owns 539,186 shares of the financial services provider’s stock valued at $10,191,000 after purchasing an additional 187,249 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Eagle Bancorp by 13.7% during 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 buying an additional 169,621 shares in the last quarter. Algert Global LLC lifted its position in shares of Eagle Bancorp by 146.4% during the third quarter. Algert Global LLC now owns 154,462 shares of the financial services provider’s stock worth $3,488,000 after purchasing an additional 91,782 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Eagle Bancorp by 401.1% in the 2nd quarter. Renaissance Technologies LLC now owns 105,636 shares of the financial services provider’s stock valued at $1,997,000 after buying an additional 84,556 shares during the last quarter. 78.03% 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. 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.