Eagle Bancorp (NASDAQ:EGBN) Director Buys $25,260.00 in Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) Director Louis Jr. Mathews acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were acquired at an average cost of $16.84 per share, for a total transaction of $25,260.00. Following the acquisition, the director directly owned 8,657 shares of the company’s stock, valued at $145,783.88. This trade represents a 20.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Eagle Bancorp Price Performance

Eagle Bancorp stock opened at $18.90 on Thursday. The company has a market cap of $574.01 million, a P/E ratio of -4.77 and a beta of 1.17. Eagle Bancorp, Inc. has a one year low of $15.03 and a one year high of $30.18. The business has a fifty day moving average of $18.76 and a two-hundred day moving average of $18.72. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.84 and a current ratio of 0.86.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Monday, September 11th. The financial services provider reported $1.20 earnings per share for the quarter. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.07%. The business had revenue of $88.48 million for the quarter. As a group, analysts predict that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, November 3rd. Eagle Bancorp’s dividend payout ratio (DPR) is presently -1.01%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Caxton Associates LLP raised its position in shares of Eagle Bancorp by 69.8% during the 3rd quarter. Caxton Associates LLP now owns 67,285 shares of the financial services provider’s stock worth $1,361,000 after purchasing an additional 27,655 shares during the last quarter. Verition Fund Management LLC increased its position in Eagle Bancorp by 50.3% during the third quarter. Verition Fund Management LLC now owns 81,057 shares of the financial services provider’s stock worth $1,639,000 after buying an additional 27,135 shares in the last quarter. North Reef Capital Management LP increased its position in Eagle Bancorp by 558.2% during the third quarter. North Reef Capital Management LP now owns 2,632,918 shares of the financial services provider’s stock worth $53,238,000 after buying an additional 2,232,918 shares in the last quarter. Mariner LLC raised its holdings in shares of Eagle Bancorp by 216.3% in the third quarter. Mariner LLC now owns 53,360 shares of the financial services provider’s stock worth $1,079,000 after acquiring an additional 36,489 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Eagle Bancorp by 135.6% in the third quarter. Millennium Management LLC now owns 444,631 shares of the financial services provider’s stock valued at $8,990,000 after acquiring an additional 255,932 shares in the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Zacks Research cut Eagle Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Eagle Bancorp in a report on Wednesday, October 8th. Finally, Piper Sandler lowered their target price on Eagle Bancorp from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Eagle Bancorp has a consensus rating of “Reduce” and a consensus price target of $21.25.

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.