Barclays PLC Buys 17,051 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Barclays PLC increased its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 29.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,120 shares of the financial services provider’s stock after buying an additional 17,051 shares during the quarter. Barclays PLC owned 0.25% of Eagle Bancorp worth $1,695,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EGBN. Fourthstone LLC bought a new position in Eagle Bancorp during the 3rd quarter valued at about $5,972,000. AQR Capital Management LLC lifted its holdings in Eagle Bancorp by 53.2% in the second quarter. AQR Capital Management LLC now owns 539,186 shares of the financial services provider’s stock valued at $10,191,000 after buying an additional 187,249 shares during the period. Dimensional Fund Advisors LP boosted its stake in Eagle Bancorp by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,409,440 shares of the financial services provider’s stock valued at $26,637,000 after acquiring an additional 169,621 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in Eagle Bancorp in the second quarter valued at approximately $2,989,000. Finally, Algert Global LLC grew its holdings in Eagle Bancorp by 146.4% during the 3rd quarter. Algert Global LLC now owns 154,462 shares of the financial services provider’s stock worth $3,488,000 after acquiring an additional 91,782 shares during the period. Institutional investors and hedge funds own 78.03% of the company’s stock.

Analyst Ratings Changes

EGBN has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their target price on Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler initiated coverage on shares of Eagle Bancorp in a research report on Monday, October 21st. They set a “neutral” rating and a $27.00 price target on the stock. Finally, StockNews.com raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.

Eagle Bancorp Trading Down 2.1 %

EGBN opened at $26.02 on Friday. The firm’s fifty day simple moving average is $27.83 and its 200 day simple moving average is $23.16. The stock has a market capitalization of $785.86 million, a P/E ratio of -18.59 and a beta of 1.09. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $31.20.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.27. The business had revenue of $180.76 million for the quarter, compared to analyst estimates of $80.31 million. Eagle Bancorp had a positive return on equity of 5.04% and a negative net margin of 5.97%. During the same quarter last year, the firm earned $0.91 EPS. As a group, research analysts anticipate that Eagle Bancorp, Inc. will post 1.68 EPS for the current fiscal year.

Eagle Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 21st were given a dividend of $0.165 per share. The ex-dividend date was Monday, October 21st. This represents a $0.66 annualized dividend and a yield of 2.54%. Eagle Bancorp’s dividend payout ratio (DPR) is presently -47.14%.

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.