Angel Oak Capital Advisors LLC Invests $1.06 Million in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Angel Oak Capital Advisors LLC acquired a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,600 shares of the financial services provider's stock, valued at approximately $1,057,000. Eagle Bancorp makes up 1.4% of Angel Oak Capital Advisors LLC's investment portfolio, making the stock its 11th largest position. Angel Oak Capital Advisors LLC owned 0.13% of Eagle Bancorp at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. CWM LLC increased its position in Eagle Bancorp by 46.7% in the third quarter. CWM LLC now owns 14,491 shares of the financial services provider's stock worth $327,000 after buying an additional 4,615 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Eagle Bancorp by 49.8% in the 3rd 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. Burt Wealth Advisors bought a new stake in Eagle Bancorp during the 3rd quarter worth approximately $315,000. Empowered Funds LLC raised its stake in Eagle Bancorp by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider's stock worth $639,000 after acquiring an additional 1,340 shares during the period. Finally, LMR Partners LLP purchased a new position in Eagle Bancorp during the third quarter valued at approximately $230,000. 78.03% of the stock is owned by institutional investors.

Eagle Bancorp Price Performance

Shares of EGBN stock traded down $1.09 during mid-day trading on Friday, hitting $22.77. The company had a trading volume of 620,517 shares, compared to its average volume of 296,074. 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 stock's 50 day moving average price is $25.63 and its 200-day moving average price is $24.84. Eagle Bancorp, Inc. has a 52-week low of $15.99 and a 52-week high of $30.94. The company has a market capitalization of $687.65 million, a P/E ratio of -14.50 and a beta of 1.09.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate 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%. Equities research analysts forecast that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The company also recently declared 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. This represents a $0.66 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Friday, February 7th. Eagle Bancorp's payout ratio is presently -42.04%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Piper Sandler decreased their price objective on shares of Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Keefe, Bruyette & Woods cut their price target 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. Finally, StockNews.com raised Eagle Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th.

Eagle Bancorp 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.