Eagle Bancorp, Inc. $EGBN Stock Position Lifted by Rafferty Asset Management LLC

Rafferty Asset Management LLC lifted its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 56.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,079 shares of the financial services provider’s stock after acquiring an additional 30,048 shares during the quarter. Rafferty Asset Management LLC owned 0.27% of Eagle Bancorp worth $1,680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EGBN. MAI Capital Management lifted its stake in Eagle Bancorp by 24.2% during the second quarter. MAI Capital Management now owns 3,448 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 671 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Eagle Bancorp by 102.2% during the third quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 753 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Eagle Bancorp by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,581 shares of the financial services provider’s stock worth $369,000 after buying an additional 780 shares during the last quarter. Financial Consulate Inc. acquired a new position in shares of Eagle Bancorp in the 3rd quarter valued at about $34,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Eagle Bancorp by 113.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider’s stock valued at $80,000 after buying an additional 2,172 shares during the last quarter. 78.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EGBN has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Eagle Bancorp in a report on Wednesday, January 21st. Zacks Research cut Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. UBS Group set a $25.00 price objective on Eagle Bancorp in a research report on Tuesday, January 27th. Finally, Piper Sandler upped their price objective on Eagle Bancorp from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $23.60.

Eagle Bancorp Stock Down 1.2%

EGBN opened at $25.51 on Friday. Eagle Bancorp, Inc. has a 12 month low of $15.03 and a 12 month high of $29.26. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market cap of $774.74 million, a P/E ratio of -6.06 and a beta of 1.03. The stock’s 50 day moving average price is $24.68 and its 200 day moving average price is $21.24.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.37. The business had revenue of $80.50 million during the quarter, compared to the consensus estimate of $67.81 million. Eagle Bancorp had a negative net margin of 20.19% and a negative return on equity of 10.91%. As a group, research analysts predict that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, February 2nd. Eagle Bancorp’s dividend payout ratio is currently -0.95%.

Eagle Bancorp Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.