12,626 Shares in Eagle Bancorp, Inc. (NASDAQ:EGBN) Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,626 shares of the financial services provider’s stock, valued at approximately $329,000.

A number of other hedge funds have also modified their holdings of the company. Millstone Evans Group LLC bought a new stake in shares of Eagle Bancorp during the 4th quarter valued at $59,000. Semanteon Capital Management LP purchased a new stake in Eagle Bancorp in the 4th quarter worth $1,018,000. Intech Investment Management LLC raised its holdings in Eagle Bancorp by 69.1% during the fourth quarter. Intech Investment Management LLC now owns 30,878 shares of the financial services provider’s stock valued at $804,000 after acquiring an additional 12,620 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Eagle Bancorp by 51.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 93,374 shares of the financial services provider’s stock valued at $2,431,000 after acquiring an additional 31,633 shares in the last quarter. Finally, Amundi boosted its stake in shares of Eagle Bancorp by 192.7% in the fourth quarter. Amundi now owns 15,121 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 9,955 shares during the period. 78.03% of the stock is currently owned by institutional investors.

Eagle Bancorp Stock Down 2.6 %

Shares of EGBN stock opened at $20.83 on Friday. The stock has a market cap of $629.15 million, a P/E ratio of -13.27 and a beta of 1.08. The company’s fifty day simple moving average is $23.65 and its two-hundred day simple moving average is $25.06. 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, Inc. has a 52 week low of $15.99 and a 52 week high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates 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%. Analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.17%. Eagle Bancorp’s dividend payout ratio is currently -42.04%.

Insider Activity at Eagle Bancorp

In other Eagle Bancorp news, CFO Eric R. Newell purchased 1,170 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $21.37 per share, with a total value of $25,002.90. Following the acquisition, the chief financial officer now owns 28,733 shares in the company, valued at approximately $614,024.21. The trade was a 4.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EGBN. Piper Sandler decreased their target price on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Keefe, Bruyette & Woods reduced their price objective on shares of 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 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.