Caxton Associates LLP Purchases Shares of 35,709 Eagle Bancorp, Inc. $EGBN

Caxton Associates LLP purchased a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 35,709 shares of the financial services provider’s stock, valued at approximately $750,000. Caxton Associates LLP owned 0.12% of Eagle Bancorp at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Eagle Bancorp by 3.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,801 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 488 shares during the period. Quantinno Capital Management LP increased its stake in shares of Eagle Bancorp by 5.7% in the fourth quarter. Quantinno Capital Management LP now owns 11,146 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 601 shares during the period. CWM LLC increased its stake in shares of Eagle Bancorp by 5.5% in the first quarter. CWM LLC now owns 15,287 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 802 shares during the period. New York State Common Retirement Fund increased its stake in shares of Eagle Bancorp by 13.2% in the first quarter. New York State Common Retirement Fund now owns 8,549 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 1,000 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Eagle Bancorp by 24.6% during the first quarter. Oppenheimer & Co. Inc. now owns 10,142 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Trading Up 0.7%

Eagle Bancorp stock opened at $19.62 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $595.86 million, a price-to-earnings ratio of -19.24 and a beta of 1.14. Eagle Bancorp, Inc. has a 1 year low of $15.47 and a 1 year high of $30.94. The firm’s 50 day moving average price is $18.98 and its two-hundred day moving average price is $19.32.

Eagle Bancorp (NASDAQ:EGBN) last posted 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 business had revenue of $74.19 million during the quarter, compared to analyst estimates of $73.03 million. Eagle Bancorp had a negative return on equity of 2.54% and a negative net margin of 4.60%. On average, research analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were given a $0.165 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.66 annualized dividend and a yield of 3.4%. Eagle Bancorp’s payout ratio is -64.71%.

Analyst Upgrades and Downgrades

EGBN has been the topic of a number of research analyst reports. Jefferies Financial Group set a $20.00 price objective on shares of Eagle Bancorp and gave the company a “hold” rating in a research note on Wednesday, May 21st. Piper Sandler lowered their price objective on shares of Eagle Bancorp from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Wall Street Zen lowered shares of Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 26th. Finally, Janney Montgomery Scott upgraded shares of Eagle Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, June 10th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.00.

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.