Eagle Bancorp (NASDAQ:EGBN) Sees Large Volume Increase – Time to Buy?

Eagle Bancorp, Inc. (NASDAQ:EGBN) shares saw strong trading volume on Tuesday . 523,714 shares changed hands during mid-day trading, an increase of 110% from the previous session’s volume of 248,817 shares.The stock last traded at $25.12 and had previously closed at $25.65.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price on Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a research note on Monday, January 27th. StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Piper Sandler lowered their target price on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a research note on Friday, January 24th.

Eagle Bancorp Price Performance

The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $25.76 and a 200 day moving average price of $24.82. The company has a market capitalization of $720.57 million, a price-to-earnings ratio of -15.20 and a beta of 1.09.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. As a group, equities research analysts forecast that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.77%. Eagle Bancorp’s dividend payout ratio (DPR) is presently -42.04%.

Institutional Investors Weigh In On Eagle Bancorp

Institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its stake in shares of Eagle Bancorp by 353.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 775 shares during the period. Point72 DIFC Ltd bought a new position in Eagle Bancorp during the third quarter worth about $48,000. R Squared Ltd bought a new position in Eagle Bancorp during the fourth quarter worth about $51,000. Nisa Investment Advisors LLC lifted its holdings in Eagle Bancorp by 49.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 846 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new position in Eagle Bancorp during the fourth quarter worth about $59,000. 78.03% of the stock is owned by institutional investors and hedge funds.

About Eagle Bancorp

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.