Eagle Bancorp (NASDAQ:EGBN) Issues Earnings Results

Eagle Bancorp (NASDAQ:EGBN) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate 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

Eagle Bancorp stock opened at $24.58 on Thursday. The business has a 50 day simple moving average of $27.19 and a 200 day simple moving average of $24.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.86. Eagle Bancorp has a one year low of $15.99 and a one year high of $30.94.

Analyst Ratings Changes

A number of research firms have issued reports on EGBN. Piper Sandler started coverage on Eagle Bancorp in a report on Monday, October 21st. They issued a “neutral” rating and a $27.00 target price on the stock. Keefe, Bruyette & Woods raised their price target on shares of Eagle Bancorp from $25.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.

Eagle Bancorp Company Profile

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.