Barclays PLC Increases Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Barclays PLC raised its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 29.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,120 shares of the financial services provider’s stock after buying an additional 17,051 shares during the period. Barclays PLC owned about 0.25% of Eagle Bancorp worth $1,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Fourthstone LLC acquired a new position in Eagle Bancorp during the 3rd quarter worth about $5,972,000. AQR Capital Management LLC lifted its position in shares of 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 purchasing an additional 187,249 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Eagle Bancorp by 13.7% during the second 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. purchased a new position in shares of Eagle Bancorp in the second quarter valued at approximately $2,989,000. Finally, Algert Global LLC grew its holdings in shares of 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 purchasing an additional 91,782 shares in the last quarter. 78.03% of the stock is owned by institutional investors and hedge funds.

Eagle Bancorp Trading Down 4.7 %

NASDAQ EGBN opened at $23.41 on Friday. Eagle Bancorp, Inc. has a 52 week low of $15.99 and a 52 week high of $30.94. The firm has a 50 day moving average of $27.79 and a two-hundred day moving average of $23.85. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $706.98 million, a PE ratio of -16.72 and a beta of 1.09.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.27. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%. The firm had revenue of $180.76 million during the quarter, compared to the consensus estimate of $80.31 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. As a group, research analysts expect that Eagle Bancorp, Inc. will post 1.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EGBN. Keefe, Bruyette & Woods increased their target price on shares of Eagle Bancorp from $25.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler assumed coverage on Eagle Bancorp in a research note on Monday, October 21st. They issued a “neutral” rating and a $27.00 price objective on the stock. Finally, StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th.

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.