Jump Financial LLC Invests $930,000 in Eagle Bancorp, Inc. $EGBN

Key Points

• Jump Financial LLC has acquired a new position in Eagle Bancorp, purchasing 44,306 shares valued at approximately $930,000, representing around 0.15% of the company's stock.
• Eagle Bancorp reported a quarterly EPS of ($2.30), significantly missing analysts' expectations of $0.40, while revenue reached $74.19 million, slightly above the forecast of $73.03 million.
• The firm announced a quarterly dividend of $0.165, translating to an annualized yield of 3.4%, despite having a negative payout ratio of -64.71%.

Jump Financial LLC purchased a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 44,306 shares of the financial services provider's stock, valued at approximately $930,000. Jump Financial LLC owned 0.15% of Eagle Bancorp at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. BlackBarn Capital Partners LP purchased a new position in shares of Eagle Bancorp during the 1st quarter worth $7,980,000. AlphaQuest LLC grew its holdings in shares of Eagle Bancorp by 761.6% during the 1st quarter. AlphaQuest LLC now owns 34,026 shares of the financial services provider's stock worth $715,000 after purchasing an additional 30,077 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Eagle Bancorp during the 1st quarter worth $205,000. Quantbot Technologies LP grew its holdings in shares of Eagle Bancorp by 322.7% during the 1st quarter. Quantbot Technologies LP now owns 53,370 shares of the financial services provider's stock worth $1,121,000 after purchasing an additional 40,744 shares during the period. Finally, Algert Global LLC grew its holdings in shares of Eagle Bancorp by 9.6% during the 1st quarter. Algert Global LLC now owns 227,326 shares of the financial services provider's stock worth $4,774,000 after purchasing an additional 19,818 shares during the period. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Stock Up 0.6%

Shares of EGBN traded up $0.12 during midday trading on Thursday, hitting $19.72. The company had a trading volume of 24,183 shares, compared to its average volume of 411,979. The company's 50-day simple moving average is $18.96 and its 200-day simple moving average is $19.48. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $598.90 million, a P/E ratio of -19.33 and a beta of 1.14. Eagle Bancorp, Inc. has a 1 year low of $15.47 and a 1 year high of $30.94.

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

Eagle Bancorp Dividend Announcement

The business 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 3.3%. The ex-dividend date was Friday, August 8th. Eagle Bancorp's dividend payout ratio (DPR) is presently -64.71%.

Wall Street Analyst Weigh In

EGBN has been the subject of a number of research analyst reports. 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. Piper Sandler lowered 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. Wall Street Zen cut Eagle Bancorp from a "hold" rating to a "strong sell" rating in a report on Saturday, July 26th. Finally, Janney Montgomery Scott upgraded 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. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Eagle Bancorp has a consensus rating of "Hold" and an average target price of $21.00.

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.