Aquatic Capital Management LLC Boosts Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Aquatic Capital Management LLC boosted its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 432.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,646 shares of the financial services provider’s stock after acquiring an additional 8,646 shares during the period. Aquatic Capital Management LLC’s holdings in Eagle Bancorp were worth $277,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of EGBN. Vanguard Group Inc. lifted its holdings in shares of Eagle Bancorp by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 2,689,423 shares of the financial services provider’s stock valued at $70,006,000 after purchasing an additional 35,255 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Eagle Bancorp by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,571,976 shares of the financial services provider’s stock valued at $40,919,000 after buying an additional 63,702 shares during the last quarter. Fourthstone LLC boosted its holdings in shares of Eagle Bancorp by 382.7% in the fourth quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider’s stock valued at $33,231,000 after acquiring an additional 1,012,182 shares during the period. North Reef Capital Management LP grew its position in shares of Eagle Bancorp by 251.9% during the fourth quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider’s stock worth $25,186,000 after acquiring an additional 692,593 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Eagle Bancorp by 14.7% in the 4th quarter. American Century Companies Inc. now owns 648,192 shares of the financial services provider’s stock valued at $16,872,000 after acquiring an additional 83,305 shares during the period. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Price Performance

Shares of NASDAQ EGBN opened at $18.50 on Friday. The stock has a fifty day moving average price of $20.55 and a 200 day moving average price of $24.49. Eagle Bancorp, Inc. has a 1-year low of $15.99 and a 1-year high of $30.94. 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 company has a market cap of $561.85 million, a PE ratio of -11.78 and a beta of 1.02.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.40). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. The firm had revenue of $73.86 million during the quarter, compared to analyst estimates of $71.93 million. Sell-side analysts forecast that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 5th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.57%. The ex-dividend date is Monday, May 5th. Eagle Bancorp’s payout ratio is -44.00%.

Insider Transactions at Eagle Bancorp

In other Eagle Bancorp news, CFO Eric R. Newell acquired 1,170 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average price of $21.37 per share, with a total value of $25,002.90. Following the completion of the acquisition, the chief financial officer now directly owns 28,733 shares of the company’s stock, valued at approximately $614,024.21. The trade was a 4.24 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

EGBN has been the subject of a number of recent research reports. Piper Sandler decreased their price target on shares of Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Keefe, Bruyette & Woods decreased their target price on shares of Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, April 28th.

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.