Campbell & CO Investment Adviser LLC Makes New $1.54 Million Investment in Eagle Bancorp, Inc. $EGBN

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 acquired a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Eagle Bancorp by 2.2% in the first quarter. Vanguard Group Inc. now owns 2,748,105 shares of the financial services provider's stock valued at $57,710,000 after acquiring an additional 58,682 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Eagle Bancorp by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,571,976 shares of the financial services provider's stock worth $40,919,000 after purchasing an additional 63,702 shares during the period. American Century Companies Inc. lifted its holdings in shares of Eagle Bancorp by 6.7% during the first quarter. American Century Companies Inc. now owns 691,789 shares of the financial services provider's stock worth $14,528,000 after purchasing an additional 43,597 shares during the period. BlackBarn Capital Partners LP acquired a new stake in shares of Eagle Bancorp during the first quarter worth $7,980,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Eagle Bancorp by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 368,919 shares of the financial services provider's stock worth $7,747,000 after purchasing an additional 14,074 shares during the period. 78.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EGBN has been the subject of several recent research reports. Wall Street Zen downgraded Eagle Bancorp from a "hold" rating to a "strong sell" rating in a report on Saturday, July 26th. Janney Montgomery Scott raised Eagle Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a report on Tuesday, June 10th. Jefferies Financial Group set a $20.00 target price on Eagle Bancorp and gave the company a "hold" rating in a report on Wednesday, May 21st. Finally, Piper Sandler reduced their target price on Eagle Bancorp from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $21.00.

Eagle Bancorp Price Performance

Eagle Bancorp 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 595,499. The company has a market capitalization of $589.79 million, a price-to-earnings ratio of -19.04 and a beta of 1.07. The firm's 50-day simple moving average is $18.89 and its 200-day simple moving average is $19.60. Eagle Bancorp, Inc. has a 1 year low of $15.47 and a 1 year high of $30.94. 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 posted its quarterly earnings data 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). The company had revenue of $74.19 million for the quarter, compared to analysts' expectations of $73.03 million. Eagle Bancorp had a negative return on equity of 2.54% and a negative net margin of 4.60%. On average, analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 8th. Eagle Bancorp's payout ratio is currently -64.71%.

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.