Eagle Bancorp (NASDAQ:EGBN) upgraded to “Hold” by StockNews.com


Eagle Bancorp (NASDAQ:EGBN – Get an assessment) was upgraded by StockNews.com investment analysts from a “sell” rating to a “hold” rating in a research note released Wednesday to investors.

Eagle Bancorp trades up 0.6%

Shares of EGBN opened at $47.55 on Wednesday. The company has a fifty-day simple moving average of $48.20 and a two-hundred-day simple moving average of $50.54. Eagle Bancorp has a 12-month low of $44.85 and a 12-month high of $63.84. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt ratio of 0.06. The stock has a market capitalization of $1.53 billion, a P/E ratio of 9.78 and a beta of 0.92.

Eagle Bancorp (NASDAQ:EGBN – Get Rating) last released its results on Wednesday, July 20. The financial services provider reported EPS of $0.78 for the quarter, missing the consensus estimate of $1.15 per ($0.37). Eagle Bancorp had a return on equity of 13.01% and a net margin of 39.92%. The company posted revenue of $88.48 million in the quarter, compared to analysts’ expectations of $91.00 million. In the same period a year earlier, the company posted earnings per share of $1.50. On average, research analysts expect Eagle Bancorp to post an EPS of 4.97 for the current year.

Institutional investors weigh in on Eagle Bancorp

Several institutional investors and hedge funds have recently changed their stock holdings. Pinebridge Investments LP increased its position in Eagle Bancorp by 477.0% during the second quarter. Pinebridge Investments LP now owns 577 shares of the financial services provider valued at $27,000 after acquiring an additional 477 shares during the period. Nisa Investment Advisors LLC increased its stake in Eagle Bancorp by 209.5% during Q2. Nisa Investment Advisors LLC now owns 650 shares of the financial services provider valued at $31,000 after buying an additional 440 shares in the last quarter. KBC Group NV acquired a new stake in Eagle Bancorp during the 2nd quarter, valued at approximately $112,000. Point72 Hong Kong Ltd bought a new stake in Eagle Bancorp during Q2, valued at around $121,000. Finally, Captrust Financial Advisors increased its stake in Eagle Bancorp by 74.6% during the 1st quarter. Captrust Financial Advisors now owns 2,353 shares of the financial services provider valued at $134,000 after buying an additional 1,005 shares last quarter. 73.95% of the shares are held by hedge funds and other institutional investors.

About Eagle Bancorp

(Get an evaluation)

Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.

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