R Squared Ltd Invests $224,000 in Eagle Bancorp, Inc. $EGBN

R Squared Ltd bought a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 11,498 shares of the financial services provider’s stock, valued at approximately $224,000.

Other large investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund increased its position in Eagle Bancorp by 13.2% in the 1st quarter. New York State Common Retirement Fund now owns 8,549 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 1,000 shares during the period. Hsbc Holdings PLC bought a new position in shares of Eagle Bancorp during the first quarter valued at $205,000. Aigen Investment Management LP bought a new position in shares of Eagle Bancorp during the first quarter valued at $209,000. Oppenheimer & Co. Inc. raised its stake in shares of Eagle Bancorp by 24.6% during the first quarter. Oppenheimer & Co. Inc. now owns 10,142 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Eagle Bancorp during the first quarter valued at $248,000. Institutional investors own 78.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of Eagle Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Eagle Bancorp in a research note on Friday. Piper Sandler dropped their price target on shares of Eagle Bancorp from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Eagle Bancorp Price Performance

Shares of EGBN opened at $17.43 on Friday. The firm has a market cap of $529.35 million, a PE ratio of -4.40 and a beta of 1.13. Eagle Bancorp, Inc. has a 52-week low of $15.47 and a 52-week high of $30.94. The business’s 50 day moving average price is $19.91 and its two-hundred day moving average price is $19.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.85 and a current ratio of 0.86.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Monday, September 11th. The financial services provider reported $1.20 EPS for the quarter. The company had revenue of $88.48 million during the quarter. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.07%. On average, equities analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, November 3rd. This represents a $0.04 annualized dividend and a yield of 0.2%. Eagle Bancorp’s payout ratio is -16.67%.

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.