Quantbot Technologies LP Increases Position in Eagle Bancorp, Inc. $EGBN

Quantbot Technologies LP lifted its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 43.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 70,393 shares of the financial services provider’s stock after acquiring an additional 21,194 shares during the period. Quantbot Technologies LP’s holdings in Eagle Bancorp were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EGBN. Versant Capital Management Inc grew its stake in Eagle Bancorp by 102.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 753 shares during the last quarter. Financial Consulate Inc. acquired a new stake in shares of Eagle Bancorp during the third quarter worth about $34,000. Hantz Financial Services Inc. boosted its position in Eagle Bancorp by 298.0% in the third quarter. Hantz Financial Services Inc. now owns 3,176 shares of the financial services provider’s stock valued at $64,000 after buying an additional 2,378 shares during the last quarter. MAI Capital Management increased its holdings in Eagle Bancorp by 24.2% in the 2nd quarter. MAI Capital Management now owns 3,448 shares of the financial services provider’s stock worth $67,000 after buying an additional 671 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in Eagle Bancorp during the 2nd quarter worth approximately $70,000. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Stock Down 1.2%

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

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

Eagle Bancorp Announces Dividend

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

Analysts Set New Price Targets

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

Eagle Bancorp Company 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.