Jane Street Group LLC Has $1.62 Million Stake in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Jane Street Group LLC grew its position in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 63.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,703 shares of the financial services provider's stock after acquiring an additional 27,942 shares during the period. Jane Street Group LLC owned 0.24% of Eagle Bancorp worth $1,619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Point72 Asset Management L.P. bought a new position in shares of Eagle Bancorp in the second quarter worth about $35,000. Point72 DIFC Ltd bought a new position in Eagle Bancorp in the 3rd quarter worth approximately $48,000. Carmichael Hill & Associates Inc. lifted its holdings in Eagle Bancorp by 36.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider's stock worth $51,000 after buying an additional 721 shares in the last quarter. GAMMA Investing LLC boosted its position in Eagle Bancorp by 102.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the financial services provider's stock valued at $55,000 after buying an additional 1,234 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Eagle Bancorp by 49.8% in 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 period. 78.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EGBN shares. Keefe, Bruyette & Woods upped their price target on Eagle Bancorp from $25.00 to $32.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of Eagle Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, Piper Sandler started coverage on shares of Eagle Bancorp in a research note on Monday, October 21st. They issued a "neutral" rating and a $27.00 target price on the stock.

Eagle Bancorp Trading Down 2.1 %

Shares of EGBN stock traded down $0.56 during trading hours on Friday, reaching $26.02. The company had a trading volume of 216,095 shares, compared to its average volume of 311,209. Eagle Bancorp, Inc. has a 1-year low of $15.99 and a 1-year high of $31.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $785.86 million, a price-to-earnings ratio of -18.59 and a beta of 1.09. The company has a 50 day moving average of $27.83 and a 200 day moving average of $23.16.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $180.76 million during the quarter, compared to the consensus estimate of $80.31 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. On average, equities research analysts anticipate that Eagle Bancorp, Inc. will post 1.68 EPS for the current year.

Eagle Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 21st were given a $0.165 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.54%. Eagle Bancorp's dividend payout ratio is -47.14%.

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.