Eagle Bancorp (NASDAQ:EGBN) Shares Gap Up - Should You Buy?

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $19.41, but opened at $19.90. Eagle Bancorp shares last traded at $19.99, with a volume of 12,457 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods lowered 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 note on Monday, January 27th. Piper Sandler lowered 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 note on Friday, January 24th.

Eagle Bancorp Stock Up 0.9 %

The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $616.21 million, a PE ratio of -12.92 and a beta of 1.04. The business's 50-day moving average price is $21.65 and its 200-day moving average price is $24.79.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its 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%. As a group, equities research analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.165 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.66 annualized dividend and a dividend yield of 3.25%. Eagle Bancorp's dividend payout ratio is -42.04%.

Insider Activity at Eagle Bancorp

In other news, CFO Eric R. Newell acquired 1,170 shares of Eagle Bancorp stock in a transaction on Friday, March 7th. The stock was bought at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the transaction, the chief financial officer now owns 28,733 shares of the company's stock, valued at $614,024.21. The trade was a 4.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.10% of the company's stock.

Institutional Trading of Eagle Bancorp

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Eagle Bancorp by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 2,689,423 shares of the financial services provider's stock worth $70,006,000 after acquiring an additional 35,255 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Eagle Bancorp by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,571,976 shares of the financial services provider's stock valued at $40,919,000 after buying an additional 63,702 shares in the last quarter. Fourthstone LLC raised its position in shares of Eagle Bancorp by 382.7% during the fourth quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider's stock worth $33,231,000 after purchasing an additional 1,012,182 shares during the period. North Reef Capital Management LP raised its holdings in Eagle Bancorp by 251.9% during the 4th quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider's stock worth $25,186,000 after buying an additional 692,593 shares during the period. Finally, Geode Capital Management LLC lifted its position in Eagle Bancorp by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider's stock valued at $16,254,000 after acquiring an additional 25,578 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors.

About Eagle Bancorp

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.