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

Jupiter Asset Management Ltd. bought a new stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in Eagle Bancorp by 42.0% during the 4th 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 during the last quarter. New York State Common Retirement Fund increased its position in shares of Eagle Bancorp by 13.2% during the 1st quarter. New York State Common Retirement Fund now owns 8,549 shares of the financial services provider's stock valued at $180,000 after purchasing an additional 1,000 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Eagle Bancorp by 24.6% in the 1st 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 last quarter. Graham Capital Management L.P. bought a new position in Eagle Bancorp during the fourth quarter valued at about $220,000. Finally, Focus Partners Wealth bought a new stake in Eagle Bancorp in the fourth quarter worth about $224,000. 78.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. 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 research report on Tuesday, June 10th. Jefferies Financial Group set a $20.00 price objective on shares of Eagle Bancorp and gave the company a "hold" rating in a research note on Wednesday, May 21st. Wall Street Zen lowered Eagle Bancorp from a "hold" rating to a "strong sell" rating in a research note on Saturday, July 26th. Piper Sandler lowered their price target on shares of Eagle Bancorp from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Eagle Bancorp has a consensus rating of "Hold" and a consensus price target of $21.00.

Eagle Bancorp Stock Performance

Shares of EGBN traded down $0.15 during mid-day trading on Thursday, hitting $16.37. 322,308 shares of the company traded hands, compared to its average volume of 396,065. 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, Inc. has a 1 year low of $15.47 and a 1 year high of $30.94. The stock has a market cap of $497.32 million, a price-to-earnings ratio of -16.06 and a beta of 1.07. The stock has a 50-day moving average price of $18.61 and a two-hundred day moving average price of $20.49.

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

Eagle Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend 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.