Versor Investments LP Invests $760,000 in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Versor Investments LP acquired a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,200 shares of the financial services provider’s stock, valued at approximately $760,000. Versor Investments LP owned 0.10% of Eagle Bancorp at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Fourthstone LLC purchased a new position in Eagle Bancorp in the third quarter valued at $5,972,000. Algert Global LLC increased its holdings in Eagle Bancorp by 146.4% in the third quarter. Algert Global LLC now owns 154,462 shares of the financial services provider’s stock valued at $3,488,000 after buying an additional 91,782 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Eagle Bancorp by 44.5% in the third quarter. JPMorgan Chase & Co. now owns 158,254 shares of the financial services provider’s stock valued at $3,573,000 after buying an additional 48,749 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Eagle Bancorp by 328.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,741 shares of the financial services provider’s stock valued at $1,394,000 after buying an additional 47,327 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Eagle Bancorp in the fourth quarter valued at $1,081,000. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EGBN shares. Keefe, Bruyette & Woods dropped their target price on Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating on the stock in a report on Monday, January 27th. Piper Sandler dropped their target price on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a report on Friday, January 24th.

Eagle Bancorp Stock Performance

NASDAQ EGBN opened at $23.26 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. Eagle Bancorp, Inc. has a 1 year low of $15.99 and a 1 year high of $30.94. The company has a market capitalization of $702.50 million, a PE ratio of -14.82 and a beta of 1.09. The company has a fifty day moving average of $25.23 and a two-hundred day moving average of $24.94.

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

Eagle Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.165 per share. The ex-dividend date was Friday, February 7th. This represents a $0.66 annualized dividend and a dividend yield of 2.84%. Eagle Bancorp’s dividend payout ratio (DPR) is -42.04%.

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.