Eagle Bancorp (NASDAQ:EGBN) Issues Earnings Results

Eagle Bancorp (NASDAQ:EGBN) released its earnings results on Wednesday. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01), Zacks reports. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%.

Eagle Bancorp Stock Performance

EGBN traded down $0.52 on Wednesday, hitting $24.58. The company’s stock had a trading volume of 244,290 shares, compared to its average volume of 218,652. The company’s 50 day simple moving average is $27.28 and its 200-day simple moving average is $24.19. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. Eagle Bancorp has a 12 month low of $15.99 and a 12 month high of $30.94. The firm has a market cap of $742.32 million, a P/E ratio of -17.56 and a beta of 1.10.

Analysts Set New Price Targets

Several equities analysts have weighed in on EGBN shares. Keefe, Bruyette & Woods increased their price objective on Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Piper Sandler initiated coverage on Eagle Bancorp in a research note on Monday, October 21st. They issued a “neutral” rating and a $27.00 price objective on the 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.