Eagle Bancorp (NASDAQ:EGBN) Price Target Cut to $27.50 by Analysts at Piper Sandler

Eagle Bancorp (NASDAQ:EGBN) had its price objective decreased by equities researchers at Piper Sandler from $31.00 to $27.50 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price would suggest a potential upside of 7.30% from the stock’s previous close.

Several other brokerages also recently weighed in on EGBN. Keefe, Bruyette & Woods lifted their price objective on shares of Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.

Eagle Bancorp Stock Performance

Shares of NASDAQ:EGBN traded up $0.35 during trading on Friday, reaching $25.63. 64,013 shares of the company’s stock traded hands, compared to its average volume of 233,167. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50 day moving average of $27.12 and a 200-day moving average of $24.20. Eagle Bancorp has a 12 month low of $15.99 and a 12 month high of $30.94. The stock has a market capitalization of $774.03 million, a P/E ratio of -16.30 and a beta of 1.10.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.69% and a negative net margin of 6.65%. On average, equities analysts expect that Eagle Bancorp will post 2.42 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC increased its position in shares of Eagle Bancorp by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 450 shares during the period. Nisa Investment Advisors LLC grew its holdings in Eagle Bancorp by 49.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 846 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Eagle Bancorp by 9.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,007 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 1,112 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Eagle Bancorp by 45.7% in the 4th quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Eagle Bancorp by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider’s stock valued at $639,000 after purchasing an additional 1,340 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors.

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.