JCSD Capital LLC Lowers Stake in Eagle Bancorp, Inc. $EGBN

JCSD Capital LLC trimmed its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 13.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 157,900 shares of the financial services provider’s stock after selling 25,000 shares during the period. Eagle Bancorp comprises 6.5% of JCSD Capital LLC’s portfolio, making the stock its 5th biggest holding. JCSD Capital LLC’s holdings in Eagle Bancorp were worth $4,483,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EGBN. Public Employees Retirement System of Ohio bought a new position in shares of Eagle Bancorp in the 2nd quarter worth approximately $39,000. Farther Finance Advisors LLC grew its position in Eagle Bancorp by 128.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock valued at $30,000 after buying an additional 782 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Eagle Bancorp during the first quarter valued at approximately $37,000. Versant Capital Management Inc increased its holdings in Eagle Bancorp by 16.2% during the second quarter. Versant Capital Management Inc now owns 3,545 shares of the financial services provider’s stock valued at $101,000 after buying an additional 493 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Eagle Bancorp by 113.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider’s stock valued at $80,000 after buying an additional 2,172 shares during the last quarter. 78.03% of the stock is currently owned by institutional investors.

Eagle Bancorp Stock Performance

Eagle Bancorp stock opened at $27.57 on Monday. The firm has a 50 day moving average of $27.82 and a 200 day moving average of $26.70. The firm has a market capitalization of $840.33 million, a price-to-earnings ratio of -21.88 and a beta of 0.96. Eagle Bancorp, Inc. has a 12-month low of $15.03 and a 12-month high of $29.29. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11). Eagle Bancorp had a negative return on equity of 3.37% and a negative net margin of 6.43%.The firm had revenue of $73.11 million for the quarter, compared to the consensus estimate of $74.41 million. As a group, research analysts predict that Eagle Bancorp, Inc. will post 1.52 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Thursday, August 6th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, August 6th. Eagle Bancorp’s dividend payout ratio (DPR) is presently -3.17%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EGBN. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eagle Bancorp in a research note on Friday, June 5th. Piper Sandler upped their price objective on Eagle Bancorp from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, Zacks Research raised Eagle Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $29.00.

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.