Sippican Capital Advisors Buys 60,920 Shares of Eagle Bancorp, Inc. $EGBN

Key Points

• Sippican Capital Advisors increased its stake in Eagle Bancorp by 161.3%, buying 60,920 shares to own 98,680 shares (0.32% of the company) worth about $2.11 million, making EGBN its 25th largest position.
• Eagle Bancorp reported a quarterly EPS of $0.25 (vs. -$0.12 estimate) and revenue of $80.5M (vs. $67.8M estimate), but still posted a negative net margin (20.19%) and negative ROE (10.93%).
• Analyst sentiment is mixed with a MarketBeat consensus rating of Hold and a $23.60 price target; the stock has a $804.8M market cap, a 1‑year range of $15.03–$29.26, and a recently paid quarterly dividend of $0.01 (0.2% yield).

Sippican Capital Advisors lifted its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 161.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,680 shares of the financial services provider's stock after purchasing an additional 60,920 shares during the quarter. Eagle Bancorp comprises approximately 1.4% of Sippican Capital Advisors' holdings, making the stock its 25th largest position. Sippican Capital Advisors owned 0.32% of Eagle Bancorp worth $2,114,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Versant Capital Management Inc boosted its position in shares of Eagle Bancorp by 102.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider's stock worth $30,000 after purchasing an additional 753 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Eagle Bancorp by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,581 shares of the financial services provider's stock valued at $369,000 after acquiring an additional 780 shares in the last quarter. Choreo LLC lifted its position in Eagle Bancorp by 3.5% in the 4th quarter. Choreo LLC now owns 36,418 shares of the financial services provider's stock valued at $768,000 after acquiring an additional 1,220 shares in the last quarter. Financial Consulate Inc. bought a new position in Eagle Bancorp in the 3rd quarter valued at approximately $34,000. Finally, Tower Research Capital LLC TRC lifted its position in Eagle Bancorp by 113.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider's stock valued at $80,000 after acquiring an additional 2,172 shares in the last quarter. 78.03% of the stock is owned by institutional investors.

Eagle Bancorp Price Performance

Shares of EGBN opened at $26.51 on Monday. The firm has a market cap of $804.84 million, a PE ratio of -6.30 and a beta of 0.99. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $25.67 and a two-hundred day simple moving average of $22.22. Eagle Bancorp, Inc. has a 1-year low of $15.03 and a 1-year high of $29.26.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its earnings results on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.37. The business had revenue of $80.50 million during the quarter, compared to analyst estimates of $67.81 million. Eagle Bancorp had a negative net margin of 20.19% and a negative return on equity of 10.93%. On average, equities analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, February 2nd. Eagle Bancorp's dividend payout ratio is presently -0.95%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EGBN shares. Wall Street Zen raised Eagle Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Piper Sandler upped their price objective on Eagle Bancorp from $23.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, February 2nd. UBS Group set a $25.00 price objective on Eagle Bancorp in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Eagle Bancorp in a research report on Wednesday, January 21st. Finally, Zacks Research raised Eagle Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $23.60.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company's product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.

Want to see what other hedge funds are holding EGBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.