Proficio Capital Partners LLC Takes Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Proficio Capital Partners LLC bought a new stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 41,544 shares of the financial services provider’s stock, valued at approximately $1,081,000. Proficio Capital Partners LLC owned about 0.14% of Eagle Bancorp at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its position in shares of Eagle Bancorp by 353.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 775 shares during the last quarter. Versor Investments LP purchased a new stake in Eagle Bancorp in the 4th quarter worth about $760,000. Oppenheimer & Co. Inc. purchased a new stake in Eagle Bancorp in the 4th quarter worth about $212,000. Heritage Investors Management Corp increased its holdings in Eagle Bancorp by 6.1% in the 4th quarter. Heritage Investors Management Corp now owns 29,978 shares of the financial services provider’s stock worth $780,000 after acquiring an additional 1,712 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in Eagle Bancorp by 3.3% in the 4th quarter. Ieq Capital LLC now owns 20,724 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 667 shares during the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eagle Bancorp

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

Eagle Bancorp Stock Down 1.0 %

EGBN stock opened at $21.37 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $645.46 million, a PE ratio of -13.61 and a beta of 1.08. Eagle Bancorp, Inc. has a twelve month low of $15.99 and a twelve month high of $30.94. The stock has a 50-day simple moving average of $23.95 and a two-hundred day simple moving average of $25.05.

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 negative net margin of 6.65% and a positive return on equity of 4.68%. On average, equities analysts predict 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 issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Friday, February 7th. Eagle Bancorp’s payout ratio is presently -42.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Monday, January 27th. Piper Sandler decreased their price objective on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a report on Friday, January 24th.

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.