Voloridge Investment Management LLC bought a new stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 47,188 shares of the financial services provider's stock, valued at approximately $1,228,000. Voloridge Investment Management LLC owned 0.16% of Eagle Bancorp as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Eagle Bancorp by 353.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 775 shares during the period. R Squared Ltd purchased a new position in Eagle Bancorp during the 4th quarter valued at about $51,000. Millstone Evans Group LLC purchased a new position in Eagle Bancorp during the 4th quarter valued at about $59,000. Russell Investments Group Ltd. increased its position 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 valued at $82,000 after purchasing an additional 933 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in Eagle Bancorp during the 4th quarter valued at about $212,000. Hedge funds and other institutional investors own 78.03% of the company's stock.
Insider Buying and Selling
In other Eagle Bancorp news, CFO Eric R. Newell bought 1,170 shares of the company's stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $21.37 per share, with a total value of $25,002.90. Following the completion of the acquisition, the chief financial officer now directly owns 28,733 shares of the company's stock, valued at $614,024.21. This represents a 4.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Keefe, Bruyette & Woods cut their target price on shares of Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Piper Sandler decreased their target price on shares of Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Jefferies Financial Group set a $20.00 target price on shares of Eagle Bancorp and gave the company a "hold" rating in a research report on Wednesday, May 21st.
Check Out Our Latest Stock Report on EGBN
Eagle Bancorp Stock Performance
Shares of NASDAQ:EGBN traded up $0.02 during trading on Friday, hitting $17.62. 342,853 shares of the stock traded hands, compared to its average volume of 328,003. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The company has a market cap of $535.24 million, a price-to-earnings ratio of -11.22 and a beta of 1.02. The company has a fifty day moving average price of $19.13 and a two-hundred day moving average price of $23.38. Eagle Bancorp, Inc. has a 52-week low of $15.99 and a 52-week high of $30.94.
Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.40). The company had revenue of $73.86 million during the quarter, compared to analysts' expectations of $71.93 million. Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. As a group, equities analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.
Eagle Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Monday, May 5th. Eagle Bancorp's payout ratio is presently -44.00%.
Eagle Bancorp Profile
(
Free Report)
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.
Read More
Before you consider Eagle Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eagle Bancorp wasn't on the list.
While Eagle Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
