Jane Street Group LLC Acquires 27,942 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Jane Street Group LLC increased its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 63.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,703 shares of the financial services provider’s stock after purchasing an additional 27,942 shares during the quarter. Jane Street Group LLC owned about 0.24% of Eagle Bancorp worth $1,619,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fourthstone LLC bought a new stake in shares of Eagle Bancorp during the third quarter valued at about $5,972,000. AQR Capital Management LLC lifted its stake in Eagle Bancorp by 53.2% in the 2nd quarter. AQR Capital Management LLC now owns 539,186 shares of the financial services provider’s stock worth $10,191,000 after purchasing an additional 187,249 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Eagle Bancorp by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,440 shares of the financial services provider’s stock worth $26,637,000 after purchasing an additional 169,621 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in Eagle Bancorp in the 2nd quarter valued at $2,989,000. Finally, Algert Global LLC grew its position 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 valued at $3,488,000 after purchasing an additional 91,782 shares in the last quarter. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Stock Down 0.3 %

Shares of NASDAQ:EGBN opened at $26.58 on Friday. The firm has a market capitalization of $802.77 million, a PE ratio of -18.99 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.86. Eagle Bancorp, Inc. has a 52-week low of $15.99 and a 52-week high of $31.33. The firm has a fifty day moving average of $27.83 and a 200 day moving average of $23.16.

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

Eagle Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 21st were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Monday, October 21st. Eagle Bancorp’s dividend payout ratio is currently -47.14%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Piper Sandler initiated coverage on shares of Eagle Bancorp in a research report on Monday, October 21st. They issued a “neutral” rating and a $27.00 price objective on the stock.

About Eagle Bancorp

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.