Ieq Capital LLC Buys 667 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Ieq Capital LLC lifted its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 20,724 shares of the financial services provider’s stock after acquiring an additional 667 shares during the quarter. Ieq Capital LLC’s holdings in Eagle Bancorp were worth $539,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in Eagle Bancorp by 49.8% in the 3rd 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 acquired a new stake in shares of Eagle Bancorp during the 3rd quarter worth $315,000. Empowered Funds LLC grew its holdings in shares of Eagle Bancorp by 5.0% during 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 in the last quarter. LMR Partners LLP acquired a new stake in Eagle Bancorp in the third quarter valued at about $230,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Eagle Bancorp by 328.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,741 shares of the financial services provider’s stock valued at $1,394,000 after buying an additional 47,327 shares in the last quarter. Institutional investors own 78.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on EGBN shares. Keefe, Bruyette & Woods dropped their target price 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. Piper Sandler lowered their price objective on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a research report on Friday, January 24th.

Eagle Bancorp Trading Down 1.9 %

Shares of EGBN stock opened at $22.76 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94. The stock has a 50 day simple moving average of $25.31 and a two-hundred day simple moving average of $24.96. The company has a market cap of $687.40 million, a P/E ratio of -14.50 and a beta of 1.09.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.50 EPS 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%. Research analysts forecast 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. Investors of record on Friday, February 7th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.66 annualized dividend and a dividend yield of 2.90%. Eagle Bancorp’s payout ratio is -42.04%.

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.