Walleye Capital LLC Acquires Shares of 18,452 Eagle Bancorp, Inc. $EGBN

Key Points

• Walleye Capital LLC acquired 18,452 shares of Eagle Bancorp, Inc. valued at approximately $387,000, increasing its ownership stake to 0.06%.
• Despite recent investments from several hedge funds, Eagle Bancorp reported a disappointing earnings per share of ($2.30), significantly missing the consensus estimate of $0.40.
• Eagle Bancorp declared a quarterly dividend of $0.165, translating to an annualized dividend yield of 3.4%, although it faces a negative dividend payout ratio of -64.71%.

Walleye Capital LLC acquired a new stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,452 shares of the financial services provider's stock, valued at approximately $387,000. Walleye Capital LLC owned approximately 0.06% of Eagle Bancorp as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Eagle Bancorp by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,748,105 shares of the financial services provider's stock valued at $57,710,000 after purchasing an additional 58,682 shares in the last quarter. American Century Companies Inc. grew its stake in Eagle Bancorp by 6.7% during the 1st quarter. American Century Companies Inc. now owns 691,789 shares of the financial services provider's stock valued at $14,528,000 after purchasing an additional 43,597 shares in the last quarter. BlackBarn Capital Partners LP bought a new position in Eagle Bancorp during the 1st quarter worth approximately $7,980,000. Charles Schwab Investment Management Inc. lifted its holdings in Eagle Bancorp by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 368,919 shares of the financial services provider's stock worth $7,747,000 after buying an additional 14,074 shares during the last quarter. Finally, Nuveen LLC bought a new position in Eagle Bancorp during the 1st quarter worth approximately $7,275,000. Institutional investors and hedge funds own 78.03% of the company's stock.

Eagle Bancorp Trading Up 0.4%

Shares of NASDAQ EGBN opened at $19.49 on Wednesday. The company has a market cap of $591.91 million, a price-to-earnings ratio of -19.11 and a beta of 1.14. Eagle Bancorp, Inc. has a 12-month low of $15.47 and a 12-month high of $30.94. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. The stock's 50 day simple moving average is $18.94 and its 200 day simple moving average is $19.48.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its quarterly 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). The company had revenue of $74.19 million during the quarter, compared to the consensus estimate of $73.03 million. Eagle Bancorp had a negative return on equity of 2.54% and a negative net margin of 4.60%. Equities research analysts expect that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Jefferies Financial Group set a $20.00 target price on Eagle Bancorp and gave the stock a "hold" rating in a report on Wednesday, May 21st. Wall Street Zen downgraded Eagle Bancorp from a "hold" rating to a "strong sell" rating in a report on Saturday, July 26th. Piper Sandler reduced their target price on Eagle Bancorp from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Janney Montgomery Scott raised Eagle Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 target price on the stock in a report on Tuesday, June 10th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.00.

About Eagle Bancorp

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.

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