Barclays PLC Has $1.70 Million Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Barclays PLC boosted its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 29.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,120 shares of the financial services provider’s stock after acquiring an additional 17,051 shares during the period. Barclays PLC’s holdings in Eagle Bancorp were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of EGBN. Point72 Asset Management L.P. acquired a new position in Eagle Bancorp in the 2nd quarter valued at $35,000. Point72 DIFC Ltd acquired a new position in shares of Eagle Bancorp during the 3rd quarter worth approximately $48,000. Carmichael Hill & Associates Inc. grew its holdings in shares of Eagle Bancorp by 36.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 721 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Eagle Bancorp by 102.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 1,234 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Eagle Bancorp by 49.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 846 shares in the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Stock Down 2.1 %

Shares of NASDAQ EGBN opened at $26.02 on Friday. The company’s fifty day simple moving average is $27.83 and its 200 day simple moving average is $23.16. Eagle Bancorp, Inc. has a 12-month low of $15.99 and a 12-month high of $31.20. The firm has a market cap of $785.86 million, a PE ratio of -18.59 and a beta of 1.09. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.27. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%. The business had revenue of $180.76 million during the quarter, compared to analyst estimates of $80.31 million. During the same quarter in the previous year, the business posted $0.91 EPS. As a group, sell-side analysts forecast that Eagle Bancorp, Inc. will post 1.68 earnings per share for the current fiscal year.

Eagle Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 21st were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Monday, October 21st. Eagle Bancorp’s payout ratio is currently -47.14%.

Analysts Set New Price Targets

Several brokerages recently weighed in on EGBN. Piper Sandler assumed coverage on Eagle Bancorp in a research report on Monday, October 21st. They set a “neutral” rating and a $27.00 price objective for the company. StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

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.