73,412 Shares in Eagle Bancorp, Inc. $EGBN Acquired by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC has acquired 73,412 shares of Eagle Bancorp, valued at approximately $1.54 million, representing a 0.24% stake in the company.
• Eagle Bancorp reported a quarterly earnings loss of ($2.30) per share, significantly missing the consensus estimate of $0.40, and has announced a quarterly dividend of $0.165 per share.
• Analysts have mixed ratings for Eagle Bancorp, with a consensus rating of "Hold" and an average price target of $21.00.

Campbell & CO Investment Adviser LLC bought a new stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 73,412 shares of the financial services provider's stock, valued at approximately $1,542,000. Campbell & CO Investment Adviser LLC owned 0.24% of Eagle Bancorp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jump Financial LLC acquired a new position in Eagle Bancorp during the 1st quarter valued at about $930,000. BlackBarn Capital Partners LP acquired a new position in Eagle Bancorp during the 1st quarter valued at about $7,980,000. AlphaQuest LLC boosted its stake in Eagle Bancorp by 761.6% during the 1st quarter. AlphaQuest LLC now owns 34,026 shares of the financial services provider's stock valued at $715,000 after purchasing an additional 30,077 shares during the period. Hsbc Holdings PLC acquired a new position in Eagle Bancorp during the 1st quarter valued at about $205,000. Finally, Quantbot Technologies LP boosted its stake in Eagle Bancorp by 322.7% during the 1st quarter. Quantbot Technologies LP now owns 53,370 shares of the financial services provider's stock valued at $1,121,000 after purchasing an additional 40,744 shares during the period. 78.03% of the stock is owned by institutional investors and hedge funds.

Eagle Bancorp Price Performance

Shares of EGBN stock traded up $0.17 during midday trading on Friday, reaching $19.42. 322,643 shares of the company were exchanged, compared to its average volume of 563,438. Eagle Bancorp, Inc. has a 12 month low of $15.47 and a 12 month high of $30.94. The company has a market cap of $589.79 million, a P/E ratio of -19.04 and a beta of 1.14. The company's 50 day moving average price is $18.89 and its two-hundred day moving average price is $19.52. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.85.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported ($2.30) EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($2.70). Eagle Bancorp had a negative return on equity of 2.54% and a negative net margin of 4.60%.The company had revenue of $74.19 million for the quarter, compared to the consensus estimate of $73.03 million. On average, sell-side analysts expect that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 8th. Eagle Bancorp's payout ratio is presently -64.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EGBN shares. Piper Sandler reduced their target price on shares of Eagle Bancorp from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Jefferies Financial Group set a $20.00 price target on shares of Eagle Bancorp and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Janney Montgomery Scott upgraded shares of Eagle Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a research report on Tuesday, June 10th. Finally, Wall Street Zen downgraded shares of Eagle Bancorp from a "hold" rating to a "strong sell" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Eagle Bancorp has a consensus rating of "Hold" and an average target price of $21.00.

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.