JPMorgan Chase & Co. Purchases 48,749 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

JPMorgan Chase & Co. grew its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 44.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,254 shares of the financial services provider’s stock after acquiring an additional 48,749 shares during the quarter. JPMorgan Chase & Co. owned about 0.52% of Eagle Bancorp worth $3,573,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EGBN. Fourthstone LLC purchased a new stake in Eagle Bancorp in the 3rd quarter worth about $5,972,000. AQR Capital Management LLC grew its stake in shares of Eagle Bancorp by 53.2% during 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 last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 worth $26,637,000 after buying an additional 169,621 shares during the period. Algert Global LLC lifted its stake in shares of 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 last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Eagle Bancorp by 401.1% during the 2nd quarter. Renaissance Technologies LLC now owns 105,636 shares of the financial services provider’s stock valued at $1,997,000 after acquiring an additional 84,556 shares during the period. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Price Performance

Shares of EGBN opened at $24.64 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50 day moving average price of $27.47 and a 200-day moving average price of $24.06. 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 market capitalization of $744.13 million, a PE ratio of -17.60 and a beta of 1.10.

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 the consensus estimate of $0.45 by $0.27. Eagle Bancorp had a positive return on equity of 5.04% and a negative net margin of 5.97%. The business had revenue of $180.76 million for the quarter, compared to analysts’ expectations of $80.31 million. During the same quarter last year, the firm earned $0.91 EPS. Equities analysts predict that Eagle Bancorp, Inc. will post 1.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EGBN. Piper Sandler initiated coverage on Eagle Bancorp in a research report on Monday, October 21st. They set a “neutral” rating and a $27.00 target price for the company. StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods boosted their price target on Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

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.