Proficio Capital Partners LLC bought a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 41,544 shares of the financial services provider's stock, valued at approximately $1,081,000. Proficio Capital Partners LLC owned about 0.14% of Eagle Bancorp as of its most recent SEC filing.
Several other large investors have also made changes to their positions in EGBN. Smartleaf Asset Management LLC grew its holdings in Eagle Bancorp by 353.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock worth $26,000 after acquiring an additional 775 shares during the period. R Squared Ltd acquired a new stake in shares of Eagle Bancorp during the fourth quarter worth $51,000. Point72 DIFC Ltd bought a new stake in Eagle Bancorp in the third quarter valued at about $48,000. GAMMA Investing LLC lifted its stake in Eagle Bancorp by 45.7% in the fourth quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider's stock valued at $93,000 after buying an additional 1,116 shares during the period. Finally, FMR LLC boosted its holdings in Eagle Bancorp by 84.9% during the third quarter. FMR LLC now owns 4,785 shares of the financial services provider's stock worth $108,000 after buying an additional 2,197 shares during the last quarter. Institutional investors and hedge funds own 78.03% of the company's stock.
Eagle Bancorp Trading Down 1.5 %
NASDAQ:EGBN traded down $0.34 on Tuesday, reaching $21.64. The company's stock had a trading volume of 271,437 shares, compared to its average volume of 296,958. The firm has a market cap of $653.61 million, a PE ratio of -13.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. The business's 50-day moving average price is $23.92 and its two-hundred day moving average price is $25.11. Eagle Bancorp, Inc. has a 1-year low of $15.99 and a 1-year high of $30.94.
Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last issued its quarterly earnings data 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%. Equities research analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.
Eagle Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, February 7th. Eagle Bancorp's dividend payout ratio is -42.04%.
Wall Street Analyst Weigh In
EGBN has been the subject of a number of recent analyst reports. Piper Sandler lowered their price target on Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating for the company in a research note on Friday, January 24th. Keefe, Bruyette & Woods lowered their target price on shares of 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.
Get Our Latest Report on Eagle Bancorp
Insider Buying and Selling
In other news, CFO Eric R. Newell bought 1,170 shares of the stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the acquisition, the chief financial officer now owns 28,733 shares in the company, valued at approximately $614,024.21. This trade represents a 4.24 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by company insiders.
Eagle Bancorp Profile
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Free Report)
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.
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