Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Bought by North Reef Capital Management LP

North Reef Capital Management LP grew its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 251.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 967,593 shares of the financial services provider's stock after purchasing an additional 692,593 shares during the quarter. Eagle Bancorp makes up 1.1% of North Reef Capital Management LP's holdings, making the stock its 22nd biggest position. North Reef Capital Management LP owned about 3.20% of Eagle Bancorp worth $25,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Jane Street Group LLC boosted its holdings in shares of Eagle Bancorp by 63.9% during the 3rd quarter. Jane Street Group LLC now owns 71,703 shares of the financial services provider's stock worth $1,619,000 after purchasing an additional 27,942 shares during the last quarter. Barclays PLC boosted its holdings in shares of Eagle Bancorp by 29.4% during the 3rd quarter. Barclays PLC now owns 75,120 shares of the financial services provider's stock worth $1,695,000 after purchasing an additional 17,051 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Eagle Bancorp by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider's stock worth $16,254,000 after purchasing an additional 25,578 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Eagle Bancorp by 44.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,254 shares of the financial services provider's stock worth $3,573,000 after purchasing an additional 48,749 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Eagle Bancorp by 45.7% during the 4th quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider's stock valued at $93,000 after buying an additional 1,116 shares during the period. Institutional investors and hedge funds own 78.03% of the company's stock.

Insider Transactions at Eagle Bancorp

In related news, CFO Eric R. Newell acquired 1,170 shares of the business's stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $21.37 per share, with a total value of $25,002.90. Following the completion of the transaction, the chief financial officer now owns 28,733 shares of the company's stock, valued at $614,024.21. The trade was a 4.24 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company's stock.

Eagle Bancorp Trading Down 0.5 %

NASDAQ EGBN traded down $0.10 on Wednesday, reaching $18.09. The stock had a trading volume of 91,869 shares, compared to its average volume of 332,928. The firm has a market capitalization of $549.39 million, a price-to-earnings ratio of -11.52 and a beta of 1.04. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a 12-month low of $15.99 and a 12-month high of $30.94. The stock has a fifty day moving average price of $20.83 and a two-hundred day moving average price of $24.62.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.40). The firm had revenue of $73.86 million during the quarter, compared to analysts' expectations of $71.93 million. Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. As a group, sell-side analysts forecast that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Monday, May 5th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, May 5th. Eagle Bancorp's dividend payout ratio is currently -44.00%.

Analysts Set New Price Targets

Several research firms have recently commented on EGBN. Keefe, Bruyette & Woods reduced 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 research report on Monday. Piper Sandler reduced their price target on shares of Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday.

Eagle Bancorp Company 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.