Hsbc Holdings PLC Makes New $535,000 Investment in Eagle Bancorp, Inc. $EGBN

Hsbc Holdings PLC acquired a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,597 shares of the financial services provider’s stock, valued at approximately $535,000. Hsbc Holdings PLC owned approximately 0.08% of Eagle Bancorp as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC raised its stake in Eagle Bancorp by 128.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 782 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Eagle Bancorp by 113.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 2,172 shares in the last quarter. Raymond James Financial Inc. bought a new position in Eagle Bancorp in the 2nd quarter worth approximately $99,000. GAMMA Investing LLC grew its holdings in Eagle Bancorp by 204.0% during the 4th quarter. GAMMA Investing LLC now owns 6,590 shares of the financial services provider’s stock valued at $141,000 after buying an additional 4,422 shares in the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in Eagle Bancorp during the 3rd quarter valued at approximately $169,000. Institutional investors own 78.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EGBN shares. Piper Sandler boosted their target price on shares of Eagle Bancorp from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Raymond James Financial initiated coverage on shares of Eagle Bancorp in a research note on Tuesday, April 14th. They set a “strong-buy” rating and a $32.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eagle Bancorp in a report on Friday, June 5th. Finally, Zacks Research cut shares of Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $29.00.

Eagle Bancorp Stock Performance

NASDAQ:EGBN opened at $27.78 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86. Eagle Bancorp, Inc. has a 1 year low of $15.03 and a 1 year high of $29.29. The stock’s 50 day simple moving average is $27.03 and its two-hundred day simple moving average is $25.84. The company has a market cap of $847.29 million, a price-to-earnings ratio of -7.33 and a beta of 0.96.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.20. The business had revenue of $76.40 million for the quarter, compared to analysts’ expectations of $77.37 million. Eagle Bancorp had a negative return on equity of 10.03% and a negative net margin of 18.65%. As a group, equities analysts anticipate that Eagle Bancorp, Inc. will post 1.79 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Eagle Bancorp’s dividend payout ratio is presently -1.06%.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.