Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 328.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,741 shares of the financial services provider's stock after purchasing an additional 47,327 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.20% of Eagle Bancorp worth $1,394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of Eagle Bancorp in the 2nd quarter worth approximately $35,000. Carmichael Hill & Associates Inc. raised its holdings in shares of Eagle Bancorp by 36.1% during the second quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider's stock worth $51,000 after purchasing an additional 721 shares during the period. GAMMA Investing LLC lifted its position in shares of Eagle Bancorp by 102.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the financial services provider's stock worth $55,000 after buying an additional 1,234 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Eagle Bancorp by 49.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider's stock valued at $57,000 after buying an additional 846 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Eagle Bancorp during the second quarter worth about $89,000. 78.03% of the stock is owned by institutional investors.

Eagle Bancorp Stock Performance

NASDAQ EGBN traded down $0.03 on Wednesday, hitting $29.45. The stock had a trading volume of 128,613 shares, compared to its average volume of 313,974. The company's 50-day moving average is $25.46 and its two-hundred day moving average is $21.74. The stock has a market cap of $889.39 million, a price-to-earnings ratio of -21.06 and a beta of 1.06. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a one year low of $15.99 and a one year high of $31.97.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.45 by $0.27. Eagle Bancorp had a positive return on equity of 5.04% and a negative net margin of 5.97%. The firm had revenue of $180.76 million for the quarter, compared to analysts' expectations of $80.31 million. During the same period last year, the firm earned $0.91 EPS. On average, analysts expect that Eagle Bancorp, Inc. will post 1.68 earnings per share for the current year.

Eagle Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 21st were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.66 annualized dividend and a yield of 2.24%. Eagle Bancorp's payout ratio is -47.14%.

Analyst Ratings Changes

EGBN has been the subject of several recent research reports. Piper Sandler assumed coverage on Eagle Bancorp in a report on Monday, October 21st. They set a "neutral" rating and a $27.00 target price for the company. StockNews.com raised Eagle Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th.

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.