Eagle Bancorp (NASDAQ:EGBN - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Other equities analysts have also issued reports about the stock. Piper Sandler cut their price objective on shares of Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective on shares of Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Jefferies Financial Group set a $20.00 price objective on shares of Eagle Bancorp and gave the company a "hold" rating in a report on Wednesday, May 21st. Finally, Janney Montgomery Scott upgraded shares of Eagle Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 target price on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $21.75.

View Our Latest Research Report on EGBN

NASDAQ EGBN opened at $17.57 on Friday. The firm's 50 day moving average price is $18.57 and its two-hundred day moving average price is $22.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. Eagle Bancorp has a twelve month low of $15.99 and a twelve month high of $30.94. The stock has a market cap of $533.72 million, a price-to-earnings ratio of -11.19 and a beta of 1.03.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.40). The firm had revenue of $73.86 million for the quarter, compared to analyst estimates of $71.93 million. Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. Equities analysts anticipate that Eagle Bancorp will post 2.31 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new position in shares of Eagle Bancorp in the 4th quarter valued at about $1,081,000. Oppenheimer & Co. Inc. acquired a new stake in Eagle Bancorp in the 4th quarter worth about $212,000. Smartleaf Asset Management LLC raised its stake in Eagle Bancorp by 353.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock worth $26,000 after purchasing an additional 775 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Eagle Bancorp in the 4th quarter worth about $515,000. Finally, Savant Capital LLC acquired a new stake in Eagle Bancorp in the 4th quarter worth about $231,000. 78.03% of the stock is currently owned by institutional investors and hedge funds.

(Get Free Report)

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Eagle Bancorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eagle Bancorp wasn't on the list.

While Eagle Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here