Empowered Funds LLC Raises Stock Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Empowered Funds LLC raised its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 95.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,189 shares of the financial services provider's stock after purchasing an additional 26,889 shares during the period. Empowered Funds LLC owned 0.18% of Eagle Bancorp worth $1,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EGBN. CWM LLC boosted its holdings in shares of Eagle Bancorp by 46.7% during the 3rd quarter. CWM LLC now owns 14,491 shares of the financial services provider's stock valued at $327,000 after purchasing an additional 4,615 shares during the last quarter. Nisa Investment Advisors LLC raised 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 in the last quarter. Burt Wealth Advisors purchased a new stake in shares of Eagle Bancorp during the 3rd quarter valued at about $315,000. LMR Partners LLP purchased a new stake in shares of Eagle Bancorp during the 3rd quarter valued at about $230,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Eagle Bancorp by 328.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,741 shares of the financial services provider's stock valued at $1,394,000 after buying an additional 47,327 shares in the last quarter. Institutional investors own 78.03% of the company's stock.

Eagle Bancorp Trading Down 2.1 %

Eagle Bancorp stock traded down $0.53 during midday trading on Wednesday, reaching $24.62. The stock had a trading volume of 506,547 shares, compared to its average volume of 279,536. 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, Inc. has a 52-week low of $15.99 and a 52-week high of $30.94. The firm has a market cap of $743.57 million, a price-to-earnings ratio of -15.68 and a beta of 1.09. The company has a fifty day moving average of $25.86 and a 200 day moving average of $24.82.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its quarterly earnings data 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%. On average, analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, February 7th. Eagle Bancorp's dividend payout ratio (DPR) is currently -42.04%.

Analyst Upgrades and Downgrades

EGBN has been the topic of several recent research reports. Piper Sandler decreased 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. Keefe, Bruyette & Woods decreased 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, StockNews.com upgraded shares of Eagle Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th.

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.