Angel Oak Capital Advisors LLC Invests $1.06 Million in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Angel Oak Capital Advisors LLC bought a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN) during the fourth quarter, Holdings Channel reports. The firm bought 40,600 shares of the financial services provider’s stock, valued at approximately $1,057,000. Eagle Bancorp makes up approximately 1.4% of Angel Oak Capital Advisors LLC’s investment portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EGBN. CWM LLC increased its stake in Eagle Bancorp by 46.7% in the 3rd quarter. CWM LLC now owns 14,491 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 4,615 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Eagle Bancorp by 49.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 846 shares during the last quarter. Burt Wealth Advisors purchased a new stake in Eagle Bancorp during the third quarter valued at $315,000. Empowered Funds LLC lifted its position in Eagle Bancorp by 5.0% during the third quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider’s stock valued at $639,000 after purchasing an additional 1,340 shares during the last quarter. Finally, LMR Partners LLP purchased a new position in shares of Eagle Bancorp in the 3rd quarter worth $230,000. 78.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EGBN. Piper Sandler decreased their target price on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a research report on Friday, January 24th. StockNews.com upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods cut their target price on Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th.

Eagle Bancorp Price Performance

EGBN stock opened at $25.65 on Tuesday. The stock has a market cap of $774.63 million, a PE ratio of -16.34 and a beta of 1.09. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $30.94. The company has a 50-day moving average price of $26.04 and a 200 day moving average price of $24.79. 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 (NASDAQ:EGBN) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. Equities research analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.57%. The ex-dividend date is Friday, February 7th. Eagle Bancorp’s dividend payout ratio (DPR) is presently -42.04%.

Eagle Bancorp 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.