Eagle Bancorp, Inc. $EGBN Shares Purchased by UBS Group AG

UBS Group AG increased its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 20.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 274,950 shares of the financial services provider’s stock after acquiring an additional 46,777 shares during the period. UBS Group AG’s holdings in Eagle Bancorp were worth $5,889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. North Reef Capital Management LP lifted its position in shares of Eagle Bancorp by 558.2% during the 3rd quarter. North Reef Capital Management LP now owns 2,632,918 shares of the financial services provider’s stock valued at $53,238,000 after acquiring an additional 2,232,918 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Eagle Bancorp by 851.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 143,480 shares of the financial services provider’s stock worth $2,901,000 after acquiring an additional 128,396 shares in the last quarter. SummerHaven Investment Management LLC acquired a new stake in shares of Eagle Bancorp in the 3rd quarter worth approximately $806,000. Sippican Capital Advisors increased its stake in Eagle Bancorp by 161.3% in the 4th quarter. Sippican Capital Advisors now owns 98,680 shares of the financial services provider’s stock valued at $2,114,000 after purchasing an additional 60,920 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in Eagle Bancorp by 43.1% in the 3rd quarter. Quantbot Technologies LP now owns 70,393 shares of the financial services provider’s stock valued at $1,423,000 after purchasing an additional 21,194 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Price Performance

Eagle Bancorp stock opened at $25.80 on Thursday. Eagle Bancorp, Inc. has a 12-month low of $15.03 and a 12-month high of $29.26. The stock has a market capitalization of $786.90 million, a P/E ratio of -6.81 and a beta of 0.96. The firm’s 50-day moving average is $25.65 and its two-hundred day moving average is $23.44. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.20. The business had revenue of $76.40 million during the quarter, compared to analyst estimates of $77.37 million. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.03%. Equities analysts predict that Eagle Bancorp, Inc. will post 1.79 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $0.01 dividend. The ex-dividend date was Monday, May 4th. This represents a $0.04 annualized dividend and a yield of 0.2%. Eagle Bancorp’s payout ratio is -1.06%.

Analyst Ratings Changes

EGBN has been the topic of several research reports. Piper Sandler upped their target price on Eagle Bancorp from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Raymond James Financial started coverage on shares of Eagle Bancorp in a research note on Tuesday, April 14th. They issued a “strong-buy” rating and a $32.00 price objective on the stock. Zacks Research cut shares of Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Eagle Bancorp in a report on Wednesday, January 21st. Finally, UBS Group set a $25.00 price objective on shares of Eagle Bancorp in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.50.

About Eagle Bancorp

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.