Stocks of Eagle Bancorp Inc. (NASDAQ:EGBN) traded higher last session on Wall Street, up 0.23% to $47.78.
According to the data, Eagle Bancorp Inc. (NASDAQ:EGBN) has 3 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $48.00, we find $49.00. Given the previous closing price of $47.67, this indicates a potential upside of 2.79 percent. EGBN stock price is now 5.82% away from the 50-day moving average and 0.65% away from the 200-day moving average. The market capitalization of the company currently stands at $1.46B.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
A total of 3 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $49.00 as their price target over the next twelve months.
, while the Gabelli & Co previously rated the stock as ‘Buy’ on January 29, 2021.
Insiders disposed of 17,602 shares of company stock worth roughly $0.84 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EGBN stock. A new stake in Eagle Bancorp Inc. shares was purchased by DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT during the first quarter worth $9,147,000. STIEVEN CAPITAL ADVISORS, L.P. invested $6,251,000 in shares of EGBN during the first quarter. In the first quarter, OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in Eagle Bancorp Inc. valued at approximately $1,011,000. DEKABANK DEUTSCHE GIROZENTRALE acquired a new stake in EGBN for approximately $806,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in EGBN valued at around $683,000 in the second quarter. In total, there are 284 active investors with 76.40% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $47.87 for Eagle Bancorp Inc. (NASDAQ: EGBN). During the past 12 months, Eagle Bancorp Inc. has had a low of $41.97 and a high of $62.05. The fifty day moving average price for EGBN is $45.19 and a two-hundred day moving average price translates $47.43 for the stock.
The latest earnings results from Eagle Bancorp Inc. (NASDAQ: EGBN) was released for Sep, 2022. According to the Banks – Regional Company, earnings per share came in at $1.16, missing analysts’ expectations of $1.18 by -0.02. This compares to $1.36 EPS in the same period last year. The net profit margin was 34.50% and return on equity was 11.50% for EGBN. The company reported revenue of $111.53 million for the quarter, compared to $89.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.1 percent. For the current quarter, analysts expect EGBN to generate $84.2M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/31/2023. Investors who held shares on 01/05/2023 were paid a $0.45 dividend. On an annualized basis, this represents a $1.80 dividend and a 3.77% percent yield. There was an ex-dividend date of 01/04/2023 for this dividend. In terms of dividend payout ratio, EGBN is presently at 36.00%.
Eagle Bancorp Inc.(EGBN) 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. In addition, it provides online and mobile banking services; and other services, including cash management services, business sweep accounts, lock boxes, remote deposit captures, account reconciliation services, merchant card services, safety deposit boxes, and automated clearing house origination, as well as after-hours depositories and ATM services. Further, the company offers insurance products and services through a referral program. The company serves sole proprietors, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and individuals, as well as investors. As of December 31, 2021, it operated seventeen banking offices comprising 6 in Suburban Maryland, 5 in the District of Columbia, and 6 in Northern Virginia. Eagle Bancorp, Inc. was incorporated in 1997 and is headquartered in Bethesda, Maryland.
