Why Eagle Bancorp Inc’s (EGBN) Stock Is Down 4.30%

By AAII Staff
October 03, 2023
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Eagle Bancorp Inc before investing.

In this article, we go over a few key elements for understanding Eagle Bancorp Inc’s stock price such as:

  • Eagle Bancorp Inc’s current stock price and volume
  • Why Eagle Bancorp Inc’s stock price changed recently
  • Upgrades and downgrades for EGBN from analysts
  • EGBN’s stock price momentum as measured by its relative strength

About Eagle Bancorp Inc (EGBN)

Before we jump into Eagle Bancorp Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Eagle Bancorp, Inc. is a bank holding company for EagleBank (the Bank). The Bank is a chartered commercial bank, which conducts a full-service community banking business, primarily in Northern Virginia, Cyland, and Washington, D.C. The primary financial services offered by the Bank include real estate, commercial and consumer lending, as well as traditional deposit and repurchase agreement products. The Bank is also active in the origination and sale of residential mortgage loans, the origination of small business loans, and the origination, securitization and sale of multifamily Federal Housing Administration (FHA) loans. The Bank offers its products and services through approximately 16 banking offices, five lending centers and various electronic capabilities, including remote deposit services and mobile banking services. The Bank has three active direct subsidiaries: Bethesda Leasing, LLC, Eagle Insurance Services, LLC, and Landroval Municipal Finance, Inc.

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Eagle Bancorp Inc’s Stock Price as of Market Close

As of October 03, 2023, 4:00 PM, CST, Eagle Bancorp Inc’s stock price was $20.24.

Eagle Bancorp Inc is down 4.3% from its previous closing price of $21.15.

During the last market session, Eagle Bancorp Inc’s stock traded between $21.02 and $22.23. Currently, there are 30.46 million shares of Eagle Bancorp Inc stock available for purchase.

Eagle Bancorp Inc’s price-earnings (P/E) ratio is currently at 5.0, which is low compared to the Banks industry median of 7.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Eagle Bancorp Inc Stock Price History

Eagle Bancorp Inc’s (EGBN) price is currently down 5.64% so far this month.

During the month of October, Eagle Bancorp Inc’s stock price has reached a high of $22.23 and a low of $19.94.

Over the last year, Eagle Bancorp Inc has hit prices as high as $49.04 and as low as $16.72. Year to date, Eagle Bancorp Inc’s stock is down 65.31%.

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What Caused Eagle Bancorp Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of October 02, 2023,, no analysts have changed their rating of Eagle Bancorp Inc’s stock over the last month.

Additionally, you'll want to evaluate Eagle Bancorp Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Eagle Bancorp Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Eagle Bancorp Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Eagle Bancorp Inc (EGBN) by visiting AAII Stock Evaluator.

Relative Price Strength of Eagle Bancorp Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 02, 2023, Eagle Bancorp Inc has a weighted four-quarter relative price strength of -14.83%, which translates to a Momentum Score of 24 and is considered to be Weak.

Want to learn more about how Eagle Bancorp Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Eagle Bancorp Inc Stock Price: Bottom Line

As of October 3, 2023, Eagle Bancorp Inc’s stock price is $20.24, which is down 4.3% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Eagle Bancorp Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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