Strs Ohio Makes New $66,000 Investment in Eagle Bancorp, Inc. (NASDAQ:EGBN)


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Strs Ohio bought a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 2,500 shares of the financial services provider’s stock, valued at approximately $66,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Eagle Bancorp by 57.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,932 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 1,430 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Eagle Bancorp by 206.0% during the 2nd quarter. Bank of Montreal Can now owns 4,660 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 3,137 shares during the period. Toth Financial Advisory Corp grew its holdings in shares of Eagle Bancorp by 11.3% during the 3rd quarter. Toth Financial Advisory Corp now owns 4,957 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 502 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of Eagle Bancorp by 3,184.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,127 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 6,910 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Eagle Bancorp by 210.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,205 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 5,562 shares during the period. 62.64% of the stock is owned by institutional investors and hedge funds.

Shares of EGBN opened at $41.30 on Friday. The stock has a 50-day simple moving average of $39.25 and a 200-day simple moving average of $32.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.02. The stock has a market capitalization of $1.31 billion, a PE ratio of 10.48, a PEG ratio of 4.07 and a beta of 1.14. Eagle Bancorp, Inc. has a 1 year low of $23.08 and a 1 year high of $49.10.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.51. The business had revenue of $96.88 million during the quarter, compared to analysts’ expectations of $86.64 million. Eagle Bancorp had a return on equity of 10.81% and a net margin of 28.94%. Analysts predict that Eagle Bancorp, Inc. will post 3.84 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Friday, January 8th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, January 7th. Eagle Bancorp’s payout ratio is presently 20.37%.

EGBN has been the subject of a number of research analyst reports. TheStreet upgraded Eagle Bancorp from a “c” rating to a “b-” rating in a report on Thursday, December 3rd. ValuEngine upgraded Eagle Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 1st. Zacks Investment Research cut Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 1st. Piper Sandler raised their target price on Eagle Bancorp from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, October 26th. Finally, BidaskClub upgraded Eagle Bancorp from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $38.00.

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. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement, certificate of deposit, and investment sweep accounts; and time deposits.

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Institutional Ownership by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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