Quantbot Technologies LP Makes New $329,000 Investment in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Quantbot Technologies LP acquired a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,626 shares of the financial services provider's stock, valued at approximately $329,000.

Several other institutional investors also recently modified their holdings of EGBN. Geode Capital Management LLC increased 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 during the period. HighTower Advisors LLC increased its position in Eagle Bancorp by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider's stock valued at $247,000 after buying an additional 450 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Eagle Bancorp during the fourth quarter worth approximately $1,081,000. Oppenheimer & Co. Inc. acquired a new position in Eagle Bancorp during the fourth quarter worth $212,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Eagle Bancorp by 934.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 26,346 shares of the financial services provider's stock worth $686,000 after acquiring an additional 23,800 shares during the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on EGBN. Keefe, Bruyette & Woods lowered their price target on Eagle Bancorp from $32.00 to $30.00 and set a "market perform" rating for the company in a research report on Monday, January 27th. Piper Sandler lowered their price target on shares of Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating on the stock in a report on Friday, January 24th.

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Eagle Bancorp Price Performance

Shares of NASDAQ EGBN traded up $0.46 during trading hours on Wednesday, reaching $21.41. 348,586 shares of the stock traded hands, compared to its average volume of 313,833. Eagle Bancorp, Inc. has a 52-week low of $15.99 and a 52-week high of $30.94. The company has a market capitalization of $646.67 million, a P/E ratio of -13.64 and a beta of 1.08. The company's 50-day simple moving average is $23.44 and its two-hundred day simple moving average is $25.09. 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 issued its earnings results 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 positive return on equity of 4.68% and a negative net margin of 6.65%. Equities research analysts forecast that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.165 per share. The ex-dividend date was Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.08%. Eagle Bancorp's dividend payout ratio is presently -42.04%.

Insiders Place Their Bets

In other news, CFO Eric R. Newell purchased 1,170 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $21.37 per share, for a total transaction of $25,002.90. Following the completion of the transaction, the chief financial officer now directly owns 28,733 shares of the company's stock, valued at $614,024.21. This trade represents a 4.24 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.10% of the company's stock.

Eagle Bancorp 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.