168,171 Shares in Eagle Bancorp, Inc. (NASDAQ:EGBN) Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. bought a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 168,171 shares of the financial services provider's stock, valued at approximately $3,532,000. Jupiter Asset Management Ltd. owned 0.55% of Eagle Bancorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EGBN. Russell Investments Group Ltd. lifted its position in shares of Eagle Bancorp by 42.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider's stock worth $82,000 after acquiring an additional 933 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Eagle Bancorp by 13.2% in the first quarter. New York State Common Retirement Fund now owns 8,549 shares of the financial services provider's stock worth $180,000 after buying an additional 1,000 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Eagle Bancorp by 24.6% in the first quarter. Oppenheimer & Co. Inc. now owns 10,142 shares of the financial services provider's stock worth $213,000 after buying an additional 2,000 shares during the period. Graham Capital Management L.P. purchased a new position in shares of Eagle Bancorp in the fourth quarter worth $220,000. Finally, Focus Partners Wealth purchased a new position in shares of Eagle Bancorp in the fourth quarter worth $224,000. 78.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on EGBN. Wall Street Zen downgraded shares of Eagle Bancorp from a "hold" rating to a "strong sell" rating in a research note on Saturday, July 26th. Janney Montgomery Scott upgraded shares of 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. Keefe, Bruyette & Woods dropped their target price on shares of Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating for the company in a report on Monday, April 28th. 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 decreased their price objective on shares of Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $21.75.

Eagle Bancorp Stock Down 0.7%

Shares of EGBN stock traded down $0.11 during trading hours on Tuesday, hitting $16.38. 491,119 shares of the company's stock traded hands, compared to its average volume of 556,076. The stock's fifty day simple moving average is $18.66 and its two-hundred day simple moving average is $20.55. Eagle Bancorp, Inc. has a 12-month low of $15.47 and a 12-month high of $30.94. The stock has a market cap of $497.62 million, a price-to-earnings ratio of -16.06 and a beta of 1.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its earnings results 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). Eagle Bancorp had a negative net margin of 4.60% and a negative return on equity of 2.54%. The business had revenue of $74.19 million for the quarter, compared to analysts' expectations of $73.03 million. On average, analysts expect that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, August 8th. Eagle Bancorp's dividend payout ratio (DPR) is presently -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.