27,406 Shares in Eagle Bancorp, Inc. $EGBN Acquired by Inceptionr LLC

Inceptionr LLC acquired a new stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 27,406 shares of the financial services provider’s stock, valued at approximately $554,000. Inceptionr LLC owned about 0.09% of Eagle Bancorp at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc lifted 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 acquiring an additional 753 shares during the period. Financial Consulate Inc. bought a new position in shares of Eagle Bancorp during the 3rd quarter valued at $34,000. Hantz Financial Services Inc. lifted its holdings in shares of Eagle Bancorp by 298.0% during the 3rd 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 period. MAI Capital Management boosted its stake in shares of 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 last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Eagle Bancorp in the second quarter worth $70,000. 78.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EGBN has been the subject of a number of research reports. UBS Group set a $25.00 price objective on Eagle Bancorp in a research report on Tuesday, January 27th. Piper Sandler boosted their price target on Eagle Bancorp from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Zacks Research lowered shares of Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Eagle Bancorp in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Eagle Bancorp currently has a consensus rating of “Hold” and an average target price of $23.60.

Eagle Bancorp Stock Performance

EGBN opened at $24.91 on Wednesday. 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 stock has a market capitalization of $756.52 million, a price-to-earnings ratio of -5.92 and a beta of 1.03. The company has a fifty day moving average of $24.92 and a 200 day moving average of $21.43. Eagle Bancorp, Inc. has a fifty-two week low of $15.03 and a fifty-two week high of $29.26.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.25 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 analysts’ expectations of $67.81 million. As a group, sell-side analysts forecast that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given 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 was Monday, February 2nd. Eagle Bancorp’s payout ratio is currently -0.95%.

About Eagle Bancorp

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.