Savant Capital LLC Acquires Shares of 10,262 Eagle Bancorp, Inc. $EGBN

Savant Capital LLC acquired a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,262 shares of the financial services provider’s stock, valued at approximately $200,000.

A number of other institutional investors also recently modified their holdings of the business. BlackBarn Capital Partners LP acquired a new position in shares of Eagle Bancorp in the first quarter valued at about $7,980,000. Nuveen LLC bought a new stake in Eagle Bancorp in the 1st quarter valued at about $7,275,000. Millennium Management LLC grew its position in shares of Eagle Bancorp by 164.6% during the 1st quarter. Millennium Management LLC now owns 314,370 shares of the financial services provider’s stock worth $6,602,000 after purchasing an additional 195,567 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Eagle Bancorp during the first quarter worth approximately $3,532,000. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Eagle Bancorp by 998.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 158,227 shares of the financial services provider’s stock valued at $3,082,000 after buying an additional 143,820 shares in the last quarter. Institutional investors own 78.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EGBN shares. Wall Street Zen downgraded Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 26th. Piper Sandler reduced their target price on Eagle Bancorp from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Zacks Research cut Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Eagle Bancorp in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Eagle Bancorp presently has an average rating of “Reduce” and an average target price of $21.25.

Insider Activity

In related news, CFO Eric R. Newell acquired 3,050 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average cost of $16.55 per share, for a total transaction of $50,477.50. Following the transaction, the chief financial officer directly owned 33,615 shares in the company, valued at $556,328.25. This trade represents a 9.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.39% of the company’s stock.

Eagle Bancorp Trading Up 0.2%

Shares of EGBN opened at $17.08 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.84 and a current ratio of 0.86. Eagle Bancorp, Inc. has a 52-week low of $15.03 and a 52-week high of $30.94. The firm has a market cap of $518.74 million, a price-to-earnings ratio of -4.31 and a beta of 1.17. The business’s fifty day moving average is $18.92 and its 200-day moving average is $18.71.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Monday, September 11th. The financial services provider reported $1.20 earnings per share for the quarter. Eagle Bancorp had a negative return on equity of 10.07% and a negative net margin of 18.65%.The business had revenue of $88.48 million for the quarter. Equities analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were paid 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, November 3rd. Eagle Bancorp’s dividend payout ratio (DPR) is presently -1.01%.

Eagle Bancorp Company 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.