Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been assigned a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. Eagle Bancorp’s rating score has declined by 3.6% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a one year consensus target price of $51.00 for the company and are expecting that the company will post $0.63 EPS for the current quarter, according to Zacks. Zacks has also assigned Eagle Bancorp an industry rank of 48 out of 265 based on the ratings given to its competitors.
Shares of Eagle Bancorp (NASDAQ:EGBN) opened at 49.32 on Monday. Eagle Bancorp has a 52 week low of $31.78 and a 52 week high of $55.56. The company has a market capitalization of $1.65 billion and a price-to-earnings ratio of 21.17. The firm has a 50 day moving average price of $52.12 and a 200 day moving average price of $46.81.
Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. During the same quarter in the previous year, the company earned $0.54 EPS. The company earned $65.20 million during the quarter, compared to analysts’ expectations of $59.53 million. The business’s quarterly revenue was up 32.0% on a year-over-year basis. Equities analysts forecast that Eagle Bancorp will post $2.46 EPS for the current year.
Several analysts recently weighed in on EGBN shares. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Friday, October 23rd. Keefe, Bruyette & Woods downgraded Eagle Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $48.00 to $55.00 in a research note on Wednesday, December 2nd.
In other news, Director Harvey Michael Goodman sold 1,000 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $49.21, for a total value of $49,210.00. Following the transaction, the director now directly owns 129,729 shares in the company, valued at approximately $6,383,964.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert P. Pincus sold 9,434 shares of the firm’s stock in a transaction on Wednesday, December 16th. The stock was sold at an average price of $52.99, for a total value of $499,907.66. Following the completion of the transaction, the director now owns 121,911 shares in the company, valued at $6,460,063.89. The disclosure for this sale can be found here.
Eagle Bancorp, Inc. is a bank holding company for EagleBank (NASDAQ:EGBN). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. The Bank operates twenty two banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and ten in Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area. The Bank also provides commercial banking services to sole proprietorships, small, medium and large-sized businesses, partnerships, corporations, non-profit organizations and associations, and investors. The Bank offers a range of retail banking services to accommodate the individual needs of both corporate customers as well as the community the Bank serves. The Bank also offers online banking, mobile banking and a remote deposit service.
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