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

Eagle Bancorp, Inc. (NASDAQ:EGBN) Director Louis Jr. Mathews acquired 1,500 shares of Eagle Bancorp stock in a transaction that occurred on Friday, November 21st. The stock was acquired at an average price of $17.20 per share, with a total value of $25,800.00. Following the completion of the purchase, the director directly owned 10,157 shares in the company, valued at $174,700.40. This represents a 17.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Eagle Bancorp Stock Performance

Shares of NASDAQ:EGBN traded up $0.07 during trading on Monday, hitting $18.03. 61,103 shares of the company were exchanged, compared to its average volume of 429,868. The company has a market cap of $547.59 million, a PE ratio of -4.55 and a beta of 1.17. The stock has a 50 day moving average of $18.87 and a 200 day moving average of $18.71. Eagle Bancorp, Inc. has a 52-week low of $15.03 and a 52-week high of $30.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.84.

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

Eagle Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a dividend of $0.01 per share. The ex-dividend date was Monday, November 3rd. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Eagle Bancorp’s dividend payout ratio is currently -1.01%.

Institutional Investors Weigh In On Eagle Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Eagle Bancorp by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,748,105 shares of the financial services provider’s stock worth $57,710,000 after buying an additional 58,682 shares in the last quarter. North Reef Capital Management LP raised its position 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 valued at $53,238,000 after buying an additional 2,232,918 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Eagle Bancorp by 0.6% during 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. grew its position in Eagle Bancorp by 6.7% in the first 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 in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Eagle Bancorp by 5.4% in 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 acquiring an additional 32,787 shares during the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EGBN has been the subject of a number of analyst reports. Zacks Research lowered shares of Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Eagle Bancorp in a research note on Wednesday, October 8th. Finally, Piper Sandler reduced their price target on shares of Eagle Bancorp from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $21.25.

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.