Louis Jr. Mathews Purchases 1,500 Shares of Eagle Bancorp (NASDAQ:EGBN) Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) Director Louis Jr. Mathews bought 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average cost of $17.20 per share, for a total transaction of $25,800.00. Following the transaction, the director owned 10,157 shares of the company’s stock, valued at $174,700.40. The trade was a 17.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Eagle Bancorp Stock Up 0.4%

NASDAQ EGBN traded up $0.07 on Monday, reaching $18.03. The company had a trading volume of 61,103 shares, compared to its average volume of 429,868. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average is $18.87 and its 200 day moving average is $18.71. Eagle Bancorp, Inc. has a 52-week low of $15.03 and a 52-week high of $30.94. The stock has a market capitalization of $547.59 million, a P/E ratio of -4.55 and a beta of 1.17.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Monday, September 11th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter. The firm had revenue of $88.48 million for the quarter. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.07%. Sell-side analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a $0.01 dividend. The ex-dividend date was Monday, November 3rd. This represents a $0.04 annualized dividend and a yield of 0.2%. Eagle Bancorp’s dividend payout ratio (DPR) is -1.01%.

Analyst Upgrades and Downgrades

EGBN has been the topic of several recent analyst reports. Piper Sandler dropped their target price on shares of Eagle Bancorp from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Zacks Research lowered Eagle Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Eagle Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $21.25.

Hedge Funds Weigh In On Eagle Bancorp

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Eagle Bancorp by 2.2% during the first quarter. Vanguard Group Inc. now owns 2,748,105 shares of the financial services provider’s stock valued at $57,710,000 after purchasing an additional 58,682 shares during the period. North Reef Capital Management LP grew its stake in shares of Eagle Bancorp by 558.2% during the 3rd quarter. North Reef Capital Management LP now owns 2,632,918 shares of the financial services provider’s stock worth $53,238,000 after acquiring an additional 2,232,918 shares during the period. Geode Capital Management LLC increased its holdings in Eagle Bancorp by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 733,007 shares of the financial services provider’s stock worth $14,281,000 after acquiring an additional 4,392 shares during the last quarter. American Century Companies Inc. increased its holdings in Eagle Bancorp by 6.7% in the 1st quarter. American Century Companies Inc. now owns 691,789 shares of the financial services provider’s stock worth $14,528,000 after acquiring an additional 43,597 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in Eagle Bancorp by 5.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 644,957 shares of the financial services provider’s stock valued at $13,041,000 after purchasing an additional 32,787 shares during the last quarter. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Company 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.