Eagle Bancorp, Inc. (NASDAQ:EGBN) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 69.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,214 shares of the financial services provider's stock after acquiring an additional 109,960 shares during the quarter. JPMorgan Chase & Co. owned 0.89% of Eagle Bancorp worth $6,982,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EGBN. American Century Companies Inc. grew its stake in shares of Eagle Bancorp by 14.7% in the fourth quarter. American Century Companies Inc. now owns 648,192 shares of the financial services provider's stock worth $16,872,000 after purchasing an additional 83,305 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Eagle Bancorp in the fourth quarter worth about $1,081,000. Angel Oak Capital Advisors LLC bought a new position in Eagle Bancorp in the 4th quarter valued at about $1,057,000. Semanteon Capital Management LP acquired a new position in Eagle Bancorp during the 4th quarter valued at about $1,018,000. Finally, Vanguard Group Inc. raised its position in shares of Eagle Bancorp by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 2,689,423 shares of the financial services provider's stock worth $70,006,000 after buying an additional 35,255 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Price Performance

Shares of EGBN traded up $0.78 during mid-day trading on Tuesday, hitting $20.85. The company's stock had a trading volume of 585,921 shares, compared to its average volume of 328,811. 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 50-day moving average price of $21.46 and a 200 day moving average price of $24.77. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94. The stock has a market capitalization of $633.21 million, a price-to-earnings ratio of -13.28 and a beta of 1.04.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its quarterly earnings results 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%. On average, research analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal 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. The ex-dividend date was Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a yield of 3.17%. Eagle Bancorp's dividend payout ratio is currently -42.04%.

Analyst Ratings Changes

Several research firms have recently issued reports on EGBN. Piper Sandler decreased their price objective on shares of Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating for the company in a report on Friday, January 24th. Keefe, Bruyette & Woods decreased 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.

Insiders Place Their Bets

In other news, CFO Eric R. Newell bought 1,170 shares of the company's stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $21.37 per share, with a total value of $25,002.90. Following the completion of the transaction, the chief financial officer now directly owns 28,733 shares in the company, valued at approximately $614,024.21. The trade was a 4.24 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.10% of the company's stock.

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.