Semanteon Capital Management LP Makes New $1.02 Million Investment in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Semanteon Capital Management LP purchased a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,095 shares of the financial services provider’s stock, valued at approximately $1,018,000. Semanteon Capital Management LP owned approximately 0.13% of Eagle Bancorp at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Eagle Bancorp by 353.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock worth $26,000 after buying an additional 775 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Eagle Bancorp during the third quarter worth $48,000. R Squared Ltd bought a new stake in Eagle Bancorp in the 4th quarter valued at $51,000. GAMMA Investing LLC boosted its stake in Eagle Bancorp by 45.7% in the 4th quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 1,116 shares during the period. Finally, FMR LLC boosted its stake in Eagle Bancorp by 84.9% in the 3rd quarter. FMR LLC now owns 4,785 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 2,197 shares during the period. Institutional investors and hedge funds own 78.03% of the company’s stock.

Insider Buying and Selling

In related news, CFO Eric R. Newell bought 1,170 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of $21.37 per share, for a total transaction of $25,002.90. Following the transaction, the chief financial officer now owns 28,733 shares in the company, valued at $614,024.21. The trade was a 4.24 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by company insiders.

Eagle Bancorp Stock Performance

Shares of NASDAQ EGBN opened at $21.58 on Friday. Eagle Bancorp, Inc. has a one year low of $15.99 and a one year high of $30.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. The firm has a market cap of $651.80 million, a price-to-earnings ratio of -13.75 and a beta of 1.08. The stock’s fifty day moving average price is $23.99 and its two-hundred day moving average price is $25.05.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results 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%. On average, equities analysts forecast that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Friday, February 7th. Eagle Bancorp’s dividend payout ratio (DPR) is currently -42.04%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Piper Sandler reduced their price objective on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a research report on Friday, January 24th. Keefe, Bruyette & Woods decreased their price target on shares of 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.

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.