Cubist Systematic Strategies LLC Purchases 55,832 Shares of Eagle Bancorp, Inc. $EGBN

Key Points

• Cubist Systematic Strategies LLC increased its stake in Eagle Bancorp, Inc. by 74.5%, owning 130,737 shares valued at $2.74 million as of its latest SEC filing.
• Eagle Bancorp reported a loss of ($2.30) EPS for the last quarter, significantly missing analysts' consensus of $0.40 EPS, despite revenue surpassing expectations at $74.19 million.
• The company declared a quarterly dividend of $0.165 per share, representing a yield of 3.3%, with an annualized dividend payout ratio currently at -64.71%.

Cubist Systematic Strategies LLC lifted its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 74.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,737 shares of the financial services provider's stock after acquiring an additional 55,832 shares during the period. Cubist Systematic Strategies LLC owned 0.43% of Eagle Bancorp worth $2,745,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. First Trust Advisors LP grew its position in shares of Eagle Bancorp by 15.3% in the fourth quarter. First Trust Advisors LP now owns 31,842 shares of the financial services provider's stock valued at $829,000 after purchasing an additional 4,231 shares during the last quarter. Northern Trust Corp grew its position in shares of Eagle Bancorp by 6.1% in the fourth quarter. Northern Trust Corp now owns 317,422 shares of the financial services provider's stock valued at $8,262,000 after purchasing an additional 18,298 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Eagle Bancorp by 4.9% during the 4th quarter. Jane Street Group LLC now owns 75,235 shares of the financial services provider's stock worth $1,958,000 after purchasing an additional 3,532 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Eagle Bancorp by 44.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 24,531 shares of the financial services provider's stock worth $639,000 after purchasing an additional 7,520 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Eagle Bancorp by 5.9% during the 4th quarter. Deutsche Bank AG now owns 190,958 shares of the financial services provider's stock worth $4,971,000 after purchasing an additional 10,567 shares in the last quarter. 78.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Eagle Bancorp Stock Performance

NASDAQ:EGBN traded up $0.16 on Wednesday, hitting $19.64. The company's stock had a trading volume of 217,223 shares, compared to its average volume of 410,517. Eagle Bancorp, Inc. has a one year low of $15.47 and a one year high of $30.94. The firm has a market capitalization of $596.53 million, a P/E ratio of -19.26 and a beta of 1.14. The stock has a fifty day moving average of $19.00 and a two-hundred day moving average of $19.32. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported ($2.30) earnings per share (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 firm had revenue of $74.19 million for the quarter, compared to the consensus estimate of $73.03 million. Research analysts predict that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

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

Eagle Bancorp Company 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.