With over 0.35 million Eagle Bancorp Inc. (EGBN) shares trading Tuesday and a closing price of $45.20 on the day, the dollar volume was approximately $15.73 million. The shares have shown a negative half year performance of -3.58% and its price on 01/10/23 gained nearly 1.48%. Currently, there are 32.08M common shares owned by the public and among those 31.25M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for EGBN have a consensus price objective of $48.75. The analysts have set the share’s price value over the next 12 months at a high of $50.00 and a low of $46.25. The average price target is 7.28% above its recent price level and an upside to the estimated low will see the stock gain 2.27% over that period. But an upside of 9.6% will see the stock hit the forecast high price target while median target price for the stock is $50.00.
Top 5 Undervalued Stocks To Own In 2023
Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.
Click here to download your Free Research Report…
Sponsored
Insiders at the company have transacted a total of 33 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 97,339 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 9,252 shares.
The top 3 mutual fund holders in Eagle Bancorp Inc. are iShares Core S&P Small Cap ETF, Fidelity Low Priced Stock Fund, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 2.27 million shares of the company’s stock, all valued at over $107.01 million. Fidelity Low Priced Stock Fund sold 416.0 shares to see its total holdings shrink to 1.06 million shares valued at over $49.82 million and representing 3.31% of the shares outstanding. Vanguard Total Stock Market Index bought 2092.0 shares to bring its total holdings to over 0.98 million shares at a value of $46.43 million. Vanguard Total Stock Market Index now owns shares totaling to 3.08% of the shares outstanding.
Shares of Eagle Bancorp Inc. (NASDAQ: EGBN) opened at $44.46, down -$0.08 from a prior closing price of $44.54. However, the script later moved the day high at 45.49, up 1.48%. The company’s stock has a 5-day price change of 1.96% and 1.53% over the past three months. EGBN shares are trading 2.56% year to date (YTD), with the 12-month market performance down to -28.00% lower. It has a 12-month low price of $41.97 and touched a high of $63.84 over the same period. EGBN has an average intraday trading volume of 158.71K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.30%, 0.10%, and -5.76% respectively.
Institutional ownership of Eagle Bancorp Inc. (NASDAQ: EGBN) shares accounts for 76.40% of the company’s 32.08M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $1.41B and a beta (3y monthly) value of 0.87. The stock’s trailing 12-month PE ratio is 10.34, while the earnings-per-share (ttm) stands at $4.37. The company has a PEG of 1.42 and the debt-to-equity ratio at 0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.42% over the week and 2.39% over the month.
Analysts forecast that Eagle Bancorp Inc. (EGBN) will achieve an EPS of $1.16 for the current quarter, $1.11 for the next quarter and $4.8 for 2023. The lowest estimate earnings-per-share for the quarter is $1.16 while analysts give the company a high EPS estimate of $1.16. Comparatively, EPS for the current quarter was $1.3 a year ago. Earnings per share for the fiscal year are expected to increase by 35.10%, and -1.30% over the next financial year. EPS should shrink at an annualized rate of 7.30% over the next five years, compared to 14.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Eagle Bancorp Inc. (EGBN) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 3 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the EGBN, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on December 05, 2022, with the firm’s price target at $50. Seaport Global Securities on their part issued Neutral rating on December 17, 2020.
