Piper Sandler Issues Pessimistic Forecast for Eagle Bancorp (NASDAQ:EGBN) Stock Price

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

Several other equities research analysts have also weighed in on EGBN. Keefe, Bruyette & Woods boosted their target price on Eagle Bancorp from $25.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th.

Eagle Bancorp Stock Up 1.4 %

NASDAQ:EGBN traded up $0.35 during mid-day trading on Friday, reaching $25.63. The stock had a trading volume of 64,013 shares, 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 stock has a market cap of $774.03 million, a P/E ratio of -16.30 and a beta of 1.10. The business’s 50 day moving average is $27.12 and its 200 day moving average is $24.20. Eagle Bancorp has a fifty-two week low of $15.99 and a fifty-two week high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share 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 year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. bought a new stake in shares of Eagle Bancorp in the 2nd quarter worth approximately $35,000. R Squared Ltd bought a new position in shares of Eagle Bancorp during the 4th quarter worth about $51,000. Point72 DIFC Ltd bought a new stake in Eagle Bancorp in the third quarter valued at about $48,000. GAMMA Investing LLC raised its position in Eagle Bancorp by 102.0% in the third quarter. GAMMA Investing LLC now owns 2,444 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 1,234 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake 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 purchasing an additional 846 shares during the period. Institutional investors and hedge funds own 78.03% of the company’s stock.

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.