1,950 Shares in Eagle Bancorp, Inc. (NASDAQ:EGBN) Acquired by R Squared Ltd

R Squared Ltd acquired a new stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,950 shares of the financial services provider’s stock, valued at approximately $51,000.

A number of other large investors have also added to or reduced their stakes in EGBN. Sei Investments Co. grew its holdings in shares of Eagle Bancorp by 50.4% during the second quarter. Sei Investments Co. now owns 25,857 shares of the financial services provider’s stock valued at $489,000 after buying an additional 8,662 shares during the last quarter. Marshall Wace LLP bought a new position in Eagle Bancorp in the 2nd quarter valued at approximately $1,411,000. Squarepoint Ops LLC raised its stake in shares of Eagle Bancorp by 67.0% in the second quarter. Squarepoint Ops LLC now owns 92,745 shares of the financial services provider’s stock worth $1,753,000 after purchasing an additional 37,210 shares during the last quarter. Algert Global LLC lifted its stake in Eagle Bancorp by 42.7% during the 2nd quarter. Algert Global LLC now owns 62,680 shares of the financial services provider’s stock valued at $1,185,000 after acquiring an additional 18,760 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Eagle Bancorp in the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EGBN shares. Piper Sandler decreased their target price on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a research note on Friday, January 24th. StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods cut their target price on shares of 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 Trading Up 0.6 %

Eagle Bancorp stock opened at $26.21 on Friday. Eagle Bancorp, Inc. has a 1 year low of $15.99 and a 1 year high of $30.94. The firm’s 50 day moving average price is $26.79 and its 200-day moving average price is $24.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. The stock has a market cap of $791.54 million, a P/E ratio of -16.69 and a beta of 1.10.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate 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, equities analysts predict that Eagle Bancorp, Inc. will post 2.44 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Friday, February 7th. Eagle Bancorp’s dividend payout ratio is presently -42.04%.

About Eagle Bancorp

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.