30,984 Shares in Eagle Bancorp, Inc. (NASDAQ:EGBN) Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. bought a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,984 shares of the financial services provider’s stock, valued at approximately $807,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Eagle Bancorp by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,689,423 shares of the financial services provider’s stock worth $70,006,000 after acquiring an additional 35,255 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Eagle Bancorp by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,571,976 shares of the financial services provider’s stock worth $40,919,000 after purchasing an additional 63,702 shares during the period. Fourthstone LLC raised its stake in Eagle Bancorp by 382.7% during the fourth quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider’s stock worth $33,231,000 after purchasing an additional 1,012,182 shares during the period. North Reef Capital Management LP raised its stake in 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 purchasing an additional 692,593 shares during the period. Finally, American Century Companies Inc. raised its stake in Eagle Bancorp by 14.7% during the fourth quarter. American Century Companies Inc. now owns 648,192 shares of the financial services provider’s stock worth $16,872,000 after purchasing an additional 83,305 shares during the period. Institutional investors and hedge funds own 78.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th. Piper Sandler reduced their target price on shares of Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th.

Insider Activity

In related news, CFO Eric R. Newell purchased 1,170 shares of Eagle Bancorp stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $21.37 per share, with a total value of $25,002.90. Following the purchase, the chief financial officer now owns 28,733 shares of the company’s stock, valued at approximately $614,024.21. The trade was a 4.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.39% of the company’s stock.

Eagle Bancorp Price Performance

Shares of EGBN stock opened at $18.77 on Friday. 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 firm’s 50-day moving average is $19.87 and its two-hundred day moving average is $24.04. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $30.94. The company has a market capitalization of $570.18 million, a PE ratio of -11.96 and a beta of 1.02.

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

Eagle Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, May 5th. Eagle Bancorp’s dividend payout ratio (DPR) is -44.00%.

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.