Eagle Bancorp (NASDAQ:EGBN – Get a rating) was downgraded by stock analysts to StockNews.com from a “hold” rating to a “sell” rating in a research note released Thursday to investors.
Eagle Bancorp is trading down 0.3%
NASDAQ: EGBN opened at $48.53 on Thursday. Eagle Bancorp has a one-year low of $44.85 and a one-year high of $63.84. The company has a 50-day simple moving average of $48.25 and a 200-day simple moving average of $51.78. The company has a market capitalization of $1.56 billion, a P/E ratio of 9.99 and a beta of 0.94. The company has a debt ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79.
Eagle Bancorp (NASDAQ:EGBN – Get a rating) last released its quarterly results on Wednesday, July 20. The financial services provider reported earnings per share of $0.78 for the quarter, missing analyst consensus estimates of $1.15 per ($0.37). The company had revenue of $88.48 million in the quarter, versus a consensus estimate of $91.00 million. Eagle Bancorp had a net margin of 39.92% and a return on equity of 13.01%. In the same quarter a year earlier, the company posted earnings of $1.50 per share. Equity analysts expect Eagle Bancorp to post EPS of 4.97 for the current fiscal year.
Eagle Bancorp Institutional Negotiation
Institutional investors have recently changed their positions in the company. ProShare Advisors LLC increased its stake in Eagle Bancorp by 62.2% in the fourth quarter. ProShare Advisors LLC now owns 7,909 shares of the financial services provider worth $461,000 after acquiring 3,032 additional shares in the last quarter. First Trust Advisors LP increased its stake in Eagle Bancorp by 16.7% during the 4th quarter. First Trust Advisors LP now owns 133,297 shares of the financial services provider valued at $7,777,000 after buying an additional 19,067 shares last quarter. WINTON GROUP Ltd increased its equity stake in Eagle Bancorp by 136.2% in the fourth quarter. WINTON GROUP Ltd now owns 17,153 shares of the financial services provider worth $1,001,000 after buying a further 9,891 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Eagle Bancorp by 18.4% during the fourth quarter. Teacher Retirement System of Texas now owns 6,087 shares of the financial services provider worth $355,000 after purchasing an additional 946 shares during the period. Finally, Citigroup Inc. increased its holdings of Eagle Bancorp shares by 38.5% during the fourth quarter. Citigroup Inc. now owns 26,506 shares of the financial services provider valued at $1,547,000 after buying an additional 7,369 shares in the last quarter. Institutional investors and hedge funds own 73.95% of the company’s shares.
Eagle Bancorp Company Profile
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 commercial and consumer lending 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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