18,411 Shares in Eagle Bancorp, Inc. $EGBN Bought by Hilton Head Capital Partners LLC

Hilton Head Capital Partners LLC bought a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 18,411 shares of the financial services provider’s stock, valued at approximately $394,000.

A number of other large investors have also added to or reduced their stakes in EGBN. North Reef Capital Management LP grew its holdings in Eagle Bancorp by 558.2% in the 3rd quarter. North Reef Capital Management LP now owns 2,632,918 shares of the financial services provider’s stock worth $53,238,000 after acquiring an additional 2,232,918 shares during the last quarter. Wellington Management Group LLP bought a new stake in Eagle Bancorp in the 3rd quarter worth $12,314,000. Millennium Management LLC grew its holdings in Eagle Bancorp by 135.6% in the 3rd quarter. Millennium Management LLC now owns 444,631 shares of the financial services provider’s stock worth $8,990,000 after acquiring an additional 255,932 shares during the last quarter. AQR Capital Management LLC grew its holdings in Eagle Bancorp by 75.4% in the 2nd quarter. AQR Capital Management LLC now owns 385,677 shares of the financial services provider’s stock worth $7,513,000 after acquiring an additional 165,747 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Eagle Bancorp by 85.0% in the 3rd quarter. Bank of America Corp DE now owns 340,542 shares of the financial services provider’s stock worth $6,886,000 after acquiring an additional 156,452 shares during the last quarter. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Price Performance

Shares of Eagle Bancorp stock opened at $27.27 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $831.74 million, a PE ratio of -7.20 and a beta of 0.97. Eagle Bancorp, Inc. has a 52-week low of $15.03 and a 52-week high of $29.26. The company has a 50-day simple moving average of $26.20 and a two-hundred day simple moving average of $24.30.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.20. The business had revenue of $76.40 million during the quarter, compared to analysts’ expectations of $77.37 million. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.03%. On average, analysts anticipate that Eagle Bancorp, Inc. will post 1.79 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.04 annualized dividend and a yield of 0.1%. Eagle Bancorp’s payout ratio is -1.06%.

Analyst Upgrades and Downgrades

EGBN has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Eagle Bancorp from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Raymond James Financial initiated coverage on shares of Eagle Bancorp in a report on Tuesday, April 14th. They issued a “strong-buy” rating and a $32.00 price target on the stock. Zacks Research lowered shares of Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.50.

About Eagle Bancorp

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.