Eagle Bancorp (NASDAQ:EGBN) Sees Strong Trading Volume - Should You Buy?

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) shares saw strong trading volume on Tuesday . 523,714 shares were traded during mid-day trading, an increase of 110% from the previous session's volume of 248,817 shares.The stock last traded at $25.12 and had previously closed at $25.65.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Eagle Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods dropped their target price on shares of Eagle Bancorp from $32.00 to $30.00 and set a "market perform" rating on the stock in a research report on Monday, January 27th. Finally, Piper Sandler dropped their target price 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.

Eagle Bancorp Stock Down 4.6 %

The stock has a market capitalization of $687.65 million, a price-to-earnings ratio of -14.50 and a beta of 1.09. The business's 50-day moving average is $25.76 and its two-hundred day moving average is $24.82. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06.

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 for the quarter, missing analysts' consensus estimates 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 analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a yield of 2.90%. Eagle Bancorp's payout ratio is presently -42.04%.

Hedge Funds Weigh In On Eagle Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. Alpine Global Management LLC acquired a new position in Eagle Bancorp in the 4th quarter valued at about $358,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Eagle Bancorp by 11.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,686 shares of the financial services provider's stock valued at $1,840,000 after purchasing an additional 7,029 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in Eagle Bancorp in the 4th quarter valued at about $1,228,000. ProShare Advisors LLC acquired a new position in Eagle Bancorp in the 4th quarter valued at about $232,000. Finally, Quantinno Capital Management LP boosted its holdings in Eagle Bancorp by 5.7% in the 4th quarter. Quantinno Capital Management LP now owns 11,146 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 601 shares during the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

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.