GAMMA Investing LLC Has $1.43 Million Stake in Eagle Bancorp, Inc. (NASDAQ:EGBN)

GAMMA Investing LLC increased its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 1,812.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,082 shares of the financial services provider's stock after purchasing an additional 64,522 shares during the period. GAMMA Investing LLC owned about 0.23% of Eagle Bancorp worth $1,430,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position 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 valued at $70,006,000 after acquiring an additional 35,255 shares during the period. Dimensional Fund Advisors LP grew its position in Eagle Bancorp by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,571,976 shares of the financial services provider's stock valued at $40,919,000 after acquiring an additional 63,702 shares during the period. Fourthstone LLC grew its position in Eagle Bancorp by 382.7% in the fourth quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider's stock valued at $33,231,000 after acquiring an additional 1,012,182 shares during the period. North Reef Capital Management LP grew its position in Eagle Bancorp by 251.9% in the fourth quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider's stock valued at $25,186,000 after acquiring an additional 692,593 shares during the period. Finally, American Century Companies Inc. grew its position 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 valued at $16,872,000 after acquiring an additional 83,305 shares during the period. 78.03% of the stock is currently owned by institutional investors.

Eagle Bancorp Price Performance

Shares of EGBN stock traded down $0.52 during trading hours on Friday, hitting $17.57. 281,660 shares of the company's stock were exchanged, compared to its average volume of 327,823. The stock's 50-day moving average is $18.57 and its 200-day moving average is $22.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. The stock has a market cap of $533.72 million, a price-to-earnings ratio of -11.19 and a beta of 1.03. Eagle Bancorp, Inc. has a 52 week low of $15.99 and a 52 week high of $30.94.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.40). The business had revenue of $73.86 million for the quarter, compared to the consensus estimate of $71.93 million. Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. As a group, research analysts forecast that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Monday, May 5th. Eagle Bancorp's dividend payout ratio (DPR) is presently -44.00%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EGBN. Wall Street Zen cut Eagle Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday. Jefferies Financial Group set a $20.00 price target on Eagle Bancorp and gave the company a "hold" rating in a research report on Wednesday, May 21st. Janney Montgomery Scott upgraded 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. Keefe, Bruyette & Woods lowered their price target on Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Finally, Piper Sandler decreased their target price on Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $21.75.

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.