A number of other hedge funds and other institutional investors have also recently bought and sold shares of EGBN. Empowered Funds LLC raised its stake in shares of Eagle Bancorp by 95.0% in the 4th quarter. Empowered Funds LLC now owns 55,189 shares of the financial services provider’s stock valued at $1,437,000 after acquiring an additional 26,889 shares during the period. Savant Capital LLC acquired a new stake in Eagle Bancorp in the 4th quarter valued at $231,000. Rhumbline Advisers raised its position in Eagle Bancorp by 4.0% in the fourth quarter. Rhumbline Advisers now owns 99,351 shares of the financial services provider’s stock valued at $2,586,000 after purchasing an additional 3,810 shares during the period. Principal Financial Group Inc. raised its position in Eagle Bancorp by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 146,416 shares of the financial services provider’s stock valued at $3,811,000 after purchasing an additional 4,197 shares during the period. Finally, Angel Oak Capital Advisors LLC acquired a new position in shares of Eagle Bancorp during the fourth quarter worth about $1,057,000. 78.03% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group set a $20.00 target price on Eagle Bancorp and gave the company a “hold” rating in a research note on Wednesday, May 21st. Janney Montgomery Scott raised shares of Eagle Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, June 10th. Wall Street Zen lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Keefe, Bruyette & Woods decreased their target price on shares of 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. Finally, Piper Sandler lowered their price target on shares of Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Eagle Bancorp has an average rating of “Hold” and a consensus target price of $21.75.

View Our Latest Research Report on Eagle Bancorp

EGBN stock opened at $17.57 on Monday. The stock’s 50 day moving average is $18.57 and its two-hundred day moving average is $22.50. Eagle Bancorp, Inc. has a 52-week low of $15.99 and a 52-week high of $30.94. The company has a market capitalization of $533.72 million, a PE ratio of -11.19 and a beta of 1.03. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $71.93 million. Analysts predict that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were paid a $0.165 dividend. The ex-dividend date was Monday, May 5th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.76%. Eagle Bancorp’s dividend payout ratio (DPR) is presently -44.00%.

(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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