Smartleaf Asset Management LLC Has $26,000 Stake in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Smartleaf Asset Management LLC increased its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 353.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 994 shares of the financial services provider’s stock after buying an additional 775 shares during the period. Smartleaf Asset Management LLC’s holdings in Eagle Bancorp were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EGBN. Geode Capital Management LLC increased its stake in Eagle Bancorp by 3.7% in the third quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider’s stock valued at $16,254,000 after acquiring an additional 25,578 shares during the last quarter. Fourthstone LLC bought a new position in Eagle Bancorp in the third quarter valued at approximately $5,972,000. JPMorgan Chase & Co. increased its stake in Eagle Bancorp by 44.5% in the third quarter. JPMorgan Chase & Co. now owns 158,254 shares of the financial services provider’s stock valued at $3,573,000 after acquiring an additional 48,749 shares during the last quarter. Algert Global LLC increased its stake in Eagle Bancorp by 146.4% in the third quarter. Algert Global LLC now owns 154,462 shares of the financial services provider’s stock valued at $3,488,000 after acquiring an additional 91,782 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Eagle Bancorp by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 146,416 shares of the financial services provider’s stock valued at $3,811,000 after acquiring an additional 4,197 shares during the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Stock Performance

NASDAQ EGBN opened at $20.67 on Thursday. The firm’s fifty day moving average price is $24.52 and its two-hundred day moving average price is $25.12. The stock has a market cap of $624.32 million, a PE ratio of -13.17 and a beta of 1.08. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. On average, equities analysts expect that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.19%. Eagle Bancorp’s payout ratio is presently -42.04%.

Insiders Place Their Bets

In other Eagle Bancorp news, CFO Eric R. Newell acquired 1,170 shares of Eagle Bancorp stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $21.37 per share, with a total value of $25,002.90. Following the completion of the purchase, the chief financial officer now directly owns 28,733 shares in the company, valued at $614,024.21. This trade represents a 4.24 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th. Piper Sandler decreased their price objective on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a research note on Friday, January 24th.

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.