Savant Capital LLC Takes $231,000 Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Savant Capital LLC bought a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,879 shares of the financial services provider’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also made changes to their positions in EGBN. CWM LLC boosted its stake in shares of Eagle Bancorp by 46.7% in the third quarter. CWM LLC now owns 14,491 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 4,615 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Eagle Bancorp by 49.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 846 shares during the period. Burt Wealth Advisors purchased a new position in shares of Eagle Bancorp in the third quarter valued at $315,000. Empowered Funds LLC boosted its stake in shares of Eagle Bancorp by 5.0% in the third quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider’s stock valued at $639,000 after purchasing an additional 1,340 shares during the period. Finally, LMR Partners LLP acquired a new stake in Eagle Bancorp in the third quarter valued at $230,000. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EGBN has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating on the stock in a report on Monday, January 27th. Piper Sandler cut their price target on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, StockNews.com raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.

Eagle Bancorp Stock Down 1.9 %

Shares of NASDAQ:EGBN opened at $25.15 on Wednesday. The stock has a market capitalization of $759.53 million, a price-to-earnings ratio of -16.02 and a beta of 1.09. Eagle Bancorp, Inc. has a 1-year low of $15.99 and a 1-year high of $30.94. The company’s fifty day moving average is $26.04 and its two-hundred day moving average is $24.79. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88.

Eagle Bancorp (NASDAQ:EGBN) last issued 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 positive return on equity of 4.68% and a negative net margin of 6.65%. Equities analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.62%. Eagle Bancorp’s dividend payout ratio (DPR) is -42.04%.

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.