Semanteon Capital Management LP Makes New Investment in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Semanteon Capital Management LP bought a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 39,095 shares of the financial services provider's stock, valued at approximately $1,018,000. Semanteon Capital Management LP owned 0.13% of Eagle Bancorp at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its position in Eagle Bancorp by 3.7% in the third quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider's stock valued at $16,254,000 after purchasing an additional 25,578 shares during the period. Fourthstone LLC purchased a new stake in shares of Eagle Bancorp during the 3rd quarter valued at about $5,972,000. JPMorgan Chase & Co. lifted its position in Eagle Bancorp by 44.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,254 shares of the financial services provider's stock worth $3,573,000 after acquiring an additional 48,749 shares in the last quarter. Algert Global LLC boosted its holdings in Eagle Bancorp by 146.4% in the 3rd quarter. Algert Global LLC now owns 154,462 shares of the financial services provider's stock worth $3,488,000 after acquiring an additional 91,782 shares during the period. Finally, Principal Financial Group Inc. grew its position in Eagle Bancorp by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 146,416 shares of the financial services provider's stock valued at $3,811,000 after acquiring an additional 4,197 shares in the last quarter. Institutional investors and hedge funds own 78.03% of the company's stock.

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Eagle Bancorp Stock Down 1.5 %

EGBN stock traded down $0.34 during midday trading on Tuesday, hitting $21.64. 271,437 shares of the company's stock were exchanged, compared to its average volume of 296,958. The firm has a 50 day moving average price of $23.92 and a 200-day moving average price of $25.11. Eagle Bancorp, Inc. has a 12-month low of $15.99 and a 12-month high of $30.94. The stock has a market capitalization of $653.61 million, a price-to-earnings ratio of -13.78 and a beta of 1.08. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings results 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 EPS for the current year.

Eagle Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Friday, February 7th. Eagle Bancorp's payout ratio is currently -42.04%.

Insider Activity

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

Analysts Set New Price Targets

A number of research analysts have recently commented on EGBN shares. Keefe, Bruyette & Woods reduced 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. Piper Sandler cut their price objective 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.

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.