Versor Investments LP Invests $760,000 in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Versor Investments LP 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 Form 13F filing with the SEC. The fund bought 29,200 shares of the financial services provider's stock, valued at approximately $760,000. Versor Investments LP owned about 0.10% of Eagle Bancorp at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in shares of Eagle Bancorp by 49.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 846 shares during the period. Burt Wealth Advisors bought a new stake in Eagle Bancorp in the 3rd quarter valued at $315,000. Empowered Funds LLC grew its position in Eagle Bancorp by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider's stock worth $639,000 after purchasing an additional 1,340 shares during the last quarter. LMR Partners LLP acquired a new stake in Eagle Bancorp in the 3rd quarter worth $230,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 worth $1,394,000 after purchasing an additional 47,327 shares during the period. 78.03% of the stock is currently owned by institutional investors.

Eagle Bancorp Stock Performance

Eagle Bancorp stock traded down $0.48 on Tuesday, hitting $22.77. The company's stock had a trading volume of 131,394 shares, compared to its average volume of 310,507. Eagle Bancorp, Inc. has a one year low of $15.99 and a one year high of $30.94. The firm has a market cap of $687.64 million, a P/E ratio of -14.58 and a beta of 1.09. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $25.10 and a 200-day moving average price of $25.08.

Remove Ads

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its 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 negative net margin of 6.65% and a positive return on equity of 4.68%. On average, equities analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.165 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.90%. Eagle Bancorp's payout ratio is presently -42.04%.

Wall Street Analyst Weigh In

EGBN has been the topic of a number of recent research reports. Piper Sandler decreased their target price on 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 reduced their price objective 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.

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.