Algert Global LLC Purchases 53,046 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Algert Global LLC grew its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 34.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,508 shares of the financial services provider's stock after purchasing an additional 53,046 shares during the period. Algert Global LLC owned about 0.69% of Eagle Bancorp worth $5,401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Eagle Bancorp by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 2,689,423 shares of the financial services provider's stock worth $70,006,000 after buying an additional 35,255 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Eagle Bancorp by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,571,976 shares of the financial services provider's stock valued at $40,919,000 after purchasing an additional 63,702 shares during the last quarter. Fourthstone LLC grew its holdings in shares of Eagle Bancorp by 382.7% during the 4th quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider's stock valued at $33,231,000 after purchasing an additional 1,012,182 shares during the last quarter. North Reef Capital Management LP raised its position in Eagle Bancorp by 251.9% in the 4th quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider's stock worth $25,186,000 after purchasing an additional 692,593 shares during the period. Finally, American Century Companies Inc. lifted its stake in Eagle Bancorp by 14.7% in the fourth quarter. American Century Companies Inc. now owns 648,192 shares of the financial services provider's stock worth $16,872,000 after purchasing an additional 83,305 shares during the last quarter. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Stock Performance

Shares of NASDAQ:EGBN opened at $18.31 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company has a market cap of $556.07 million, a price-to-earnings ratio of -11.66 and a beta of 1.02. 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 $20.46 and a 200-day moving average price of $24.44.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share 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 business had revenue of $73.86 million during the quarter, compared to analysts' expectations of $71.93 million. As a group, equities analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 5th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Monday, May 5th. Eagle Bancorp's payout ratio is currently -44.00%.

Wall Street Analyst Weigh In

EGBN has been the topic of several analyst reports. Piper Sandler decreased their price objective on Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price objective on Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating for the company in a research report on Monday, April 28th.

Insiders Place Their Bets

In other news, CFO Eric R. Newell bought 1,170 shares of the stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the purchase, the chief financial officer now directly owns 28,733 shares in the company, valued at $614,024.21. This trade represents a 4.24 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.39% of the company's stock.

About Eagle Bancorp

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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