Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Bought by Empowered Funds LLC

Empowered Funds LLC grew its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,300 shares of the financial services provider’s stock after buying an additional 1,340 shares during the quarter. Empowered Funds LLC owned 0.09% of Eagle Bancorp worth $639,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Epoch Investment Partners Inc. lifted its holdings in shares of Eagle Bancorp by 76.9% in the first quarter. Epoch Investment Partners Inc. now owns 457,881 shares of the financial services provider’s stock valued at $10,756,000 after purchasing an additional 199,057 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Eagle Bancorp by 39.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 115,739 shares of the financial services provider’s stock valued at $2,188,000 after buying an additional 33,021 shares during the last quarter. Quest Partners LLC grew its holdings in Eagle Bancorp by 52.3% during the 2nd quarter. Quest Partners LLC now owns 75,250 shares of the financial services provider’s stock valued at $1,422,000 after buying an additional 25,850 shares during the last quarter. AQR Capital Management LLC increased its position in 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 worth $10,191,000 after buying an additional 187,249 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Eagle Bancorp by 78.8% in the second quarter. CWM LLC now owns 9,876 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 4,351 shares during the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Trading Up 2.3 %

NASDAQ:EGBN opened at $29.41 on Friday. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $31.97. The business’s 50-day moving average is $25.15 and its two-hundred day moving average is $21.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $888.18 million, a PE ratio of -21.01 and a beta of 1.06.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.27. The company had revenue of $180.76 million during the quarter, compared to analysts’ expectations of $80.31 million. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%. During the same period in the prior year, the company posted $0.91 EPS. Research analysts predict that Eagle Bancorp, Inc. will post 1.68 earnings per share for the current fiscal year.

Eagle Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 21st were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.24%. The ex-dividend date was Monday, October 21st. Eagle Bancorp’s dividend payout ratio is currently -47.14%.

Analyst Ratings Changes

EGBN has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of 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 raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Piper Sandler assumed coverage on shares of Eagle Bancorp in a research note on Monday, October 21st. They set a “neutral” rating and a $27.00 price objective on the stock.

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.