Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 29.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,120 shares of the financial services provider’s stock after acquiring an additional 17,051 shares during the quarter. Barclays PLC’s holdings in Eagle Bancorp were worth $1,695,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Eagle Bancorp by 3.7% during the third 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 in the last quarter. Empowered Funds LLC grew its stake in Eagle Bancorp by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider’s stock worth $639,000 after buying an additional 1,340 shares during the last quarter. HighTower Advisors LLC increased its position in Eagle Bancorp by 4.3% during the third quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider’s stock worth $247,000 after buying an additional 450 shares during the period. BNP Paribas Financial Markets lifted its stake in Eagle Bancorp by 41.6% in the third quarter. BNP Paribas Financial Markets now owns 55,627 shares of the financial services provider’s stock valued at $1,256,000 after buying an additional 16,338 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Eagle Bancorp by 63.9% in the third quarter. Jane Street Group LLC now owns 71,703 shares of the financial services provider’s stock valued at $1,619,000 after buying an additional 27,942 shares during the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Trading Down 4.7 %

Shares of EGBN stock opened at $23.41 on Friday. The company has a market capitalization of $706.98 million, a P/E ratio of -16.72 and a beta of 1.09. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $27.79 and its two-hundred day moving average is $23.85. Eagle Bancorp, Inc. has a twelve month low of $15.99 and a twelve month high of $30.94.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of Eagle Bancorp from $25.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Piper Sandler assumed coverage on shares of Eagle Bancorp in a report on Monday, October 21st. They issued a “neutral” rating and a $27.00 target price for the company.

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.