36,807 Shares in Eagle Bancorp, Inc. (NASDAQ:EGBN) Purchased by Choreo LLC

Choreo LLC purchased a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 36,807 shares of the financial services provider’s stock, valued at approximately $689,000. Choreo LLC owned approximately 0.12% of Eagle Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Riverview Trust Co acquired a new position in Eagle Bancorp in the first quarter worth about $26,000. Carmichael Hill & Associates Inc. boosted its stake in Eagle Bancorp by 36.1% in the second quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 721 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Eagle Bancorp by 122.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,917 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 3,804 shares during the period. CWM LLC boosted its stake in Eagle Bancorp by 78.8% in the second quarter. CWM LLC now owns 9,876 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 4,351 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in Eagle Bancorp in the fourth quarter valued at approximately $200,000. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EGBN shares. Keefe, Bruyette & Woods lifted their target price on Eagle Bancorp from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. StockNews.com downgraded Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, June 9th.

Eagle Bancorp Stock Performance

Shares of NASDAQ EGBN opened at $21.58 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.42. The stock has a 50 day simple moving average of $20.87 and a 200-day simple moving average of $20.44. The company has a market cap of $651.28 million, a PE ratio of 8.60 and a beta of 1.09. Eagle Bancorp, Inc. has a 12-month low of $15.99 and a 12-month high of $31.97.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.34. Eagle Bancorp had a positive return on equity of 5.50% and a negative net margin of 5.28%. The business had revenue of $175.06 million during the quarter, compared to the consensus estimate of $80.90 million. During the same period in the previous year, the firm posted $0.94 earnings per share. On average, equities research analysts forecast that Eagle Bancorp, Inc. will post 1.46 EPS for the current year.

Eagle Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Saturday, July 20th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, July 19th. This represents a $1.80 annualized dividend and a yield of 8.34%. Eagle Bancorp’s payout ratio is 71.71%.

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.