Eagle Bancorp, Inc. $EGBN Shares Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in Eagle Bancorp, Inc. by 95.4%, holding a total of 99,126 shares valued at approximately $2.08 million.
• Several institutional investors, including Graham Capital Management and HSBC Holdings, have recently acquired positions in Eagle Bancorp, indicating a growing interest in the company's stock.
• Analyst ratings for Eagle Bancorp vary, with price targets ranging from $18.00 to $24.00, reflecting differing views on the company's growth potential.

Trexquant Investment LP boosted its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 95.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 99,126 shares of the financial services provider's stock after purchasing an additional 48,400 shares during the quarter. Trexquant Investment LP owned approximately 0.33% of Eagle Bancorp worth $2,082,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EGBN. BlackBarn Capital Partners LP purchased a new stake in shares of Eagle Bancorp in the first quarter valued at $7,980,000. Nuveen LLC purchased a new stake in shares of Eagle Bancorp in the first quarter valued at $7,275,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Eagle Bancorp in the first quarter valued at $3,532,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Eagle Bancorp in the first quarter valued at $1,542,000. Finally, GAMMA Investing LLC lifted its position in shares of Eagle Bancorp by 1,812.4% in the first quarter. GAMMA Investing LLC now owns 68,082 shares of the financial services provider's stock valued at $1,430,000 after acquiring an additional 64,522 shares in the last quarter. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Trading Up 0.7%

Eagle Bancorp stock traded up $0.14 during trading on Wednesday, hitting $19.62. The company's stock had a trading volume of 329,839 shares, compared to its average volume of 474,898. The stock has a market capitalization of $595.86 million, a price-to-earnings ratio of -19.24 and a beta of 1.14. 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 stock's fifty day moving average is $18.98 and its 200 day moving average is $19.32. 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 results on Wednesday, July 23rd. The financial services provider reported ($2.30) EPS for the quarter, missing the consensus estimate of $0.40 by ($2.70). The firm had revenue of $74.19 million for the quarter, compared to analyst estimates of $73.03 million. Eagle Bancorp had a negative return on equity of 2.54% and a negative net margin of 4.60%. As a group, equities research analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were paid a $0.165 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.4%. Eagle Bancorp's dividend payout ratio (DPR) is -64.71%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Jefferies Financial Group set a $20.00 price objective on Eagle Bancorp and gave the company a "hold" rating in a research report 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. 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 research note on Tuesday, June 10th. Finally, Piper Sandler dropped their target price on Eagle Bancorp from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $21.00.

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.