Quantbot Technologies LP Purchases 21,194 Shares of Eagle Bancorp, Inc. $EGBN

Quantbot Technologies LP raised its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 43.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,393 shares of the financial services provider’s stock after buying an additional 21,194 shares during the period. Quantbot Technologies LP owned about 0.23% of Eagle Bancorp worth $1,423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in Eagle Bancorp by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 733,007 shares of the financial services provider’s stock valued at $14,281,000 after acquiring an additional 4,392 shares during the period. Fourthstone LLC increased its stake in Eagle Bancorp by 63.6% in the second quarter. Fourthstone LLC now owns 644,930 shares of the financial services provider’s stock worth $12,563,000 after purchasing an additional 250,729 shares during the period. BlackBarn Capital Partners LP lifted its position in shares of Eagle Bancorp by 40.0% during the second quarter. BlackBarn Capital Partners LP now owns 532,181 shares of the financial services provider’s stock worth $10,367,000 after purchasing an additional 152,181 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Eagle Bancorp by 15.1% during the second quarter. Invesco Ltd. now owns 442,614 shares of the financial services provider’s stock valued at $8,622,000 after purchasing an additional 58,212 shares during the period. Finally, AQR Capital Management LLC boosted its position in Eagle Bancorp by 75.4% in the 2nd quarter. AQR Capital Management LLC now owns 385,677 shares of the financial services provider’s stock valued at $7,513,000 after buying an additional 165,747 shares during the period. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EGBN shares. Piper Sandler increased their price objective on shares of Eagle Bancorp from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Eagle Bancorp in a research note on Wednesday, January 21st. UBS Group set a $25.00 price objective on Eagle Bancorp in a research report on Tuesday, January 27th. Finally, Zacks Research lowered Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.60.

Eagle Bancorp Trading Down 1.2%

Shares of NASDAQ:EGBN opened at $25.51 on Friday. The business’s 50-day moving average is $24.68 and its 200 day moving average is $21.24. Eagle Bancorp, Inc. has a 1 year low of $15.03 and a 1 year high of $29.26. The firm has a market capitalization of $774.74 million, a P/E ratio of -6.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.86.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.37. Eagle Bancorp had a negative return on equity of 10.91% and a negative net margin of 20.19%.The business had revenue of $80.50 million during the quarter, compared to the consensus estimate of $67.81 million. On average, research analysts predict that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a $0.01 dividend. The ex-dividend date was Monday, February 2nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Eagle Bancorp’s dividend payout ratio (DPR) is -0.95%.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.