Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in Eagle Bancorp in the fourth quarter valued at approximately $1,081,000. Oppenheimer & Co. Inc. purchased a new stake in Eagle Bancorp in the fourth quarter valued at approximately $212,000. Nisa Investment Advisors LLC lifted its stake in Eagle Bancorp by 934.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 26,346 shares of the financial services provider’s stock valued at $686,000 after buying an additional 23,800 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Eagle Bancorp by 353.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock valued at $26,000 after buying an additional 775 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Eagle Bancorp in the fourth quarter valued at approximately $515,000. 78.03% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Eric R. Newell purchased 1,170 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the completion of the purchase, the chief financial officer now directly owns 28,733 shares of the company’s stock, valued at $614,024.21. This trade represents a 4.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.39% of the company’s stock.

Shares of NASDAQ EGBN opened at $18.77 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a twelve month low of $15.99 and a twelve month high of $30.94. The stock has a 50 day moving average of $19.87 and a two-hundred day moving average of $24.03. The stock has a market cap of $570.18 million, a P/E ratio of -11.96 and a beta of 1.02.

Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.40). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. The company had revenue of $73.86 million for the quarter, compared to analysts’ expectations of $71.93 million. On average, research analysts forecast that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Monday, May 5th. Eagle Bancorp’s dividend payout ratio (DPR) is presently -44.00%.

A number of equities research analysts have weighed in on EGBN shares. Keefe, Bruyette & Woods reduced their price objective on Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. Piper Sandler reduced their price objective on Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, April 28th.

View Our Latest Report on Eagle Bancorp

(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.

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