Inscription Capital LLC Invests $495,000 in Eagle Bancorp, Inc. $EGBN

Inscription Capital LLC bought a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,109 shares of the financial services provider’s stock, valued at approximately $495,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EGBN. Farther Finance Advisors LLC increased its position in shares of Eagle Bancorp by 128.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 782 shares during the period. Versant Capital Management Inc increased its position in shares of Eagle Bancorp by 102.2% in the third quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 753 shares during the period. Financial Consulate Inc. bought a new position in shares of Eagle Bancorp in the third quarter worth $34,000. Hantz Financial Services Inc. increased its position in shares of Eagle Bancorp by 298.0% in the third quarter. Hantz Financial Services Inc. now owns 3,176 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 2,378 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Eagle Bancorp by 113.1% in the second 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 during the period. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Stock Performance

Eagle Bancorp stock opened at $26.45 on Wednesday. Eagle Bancorp, Inc. has a 12-month low of $15.03 and a 12-month high of $29.26. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $25.69 and its two-hundred day moving average price is $22.75. The stock has a market cap of $803.10 million, a PE ratio of -6.98 and a beta of 0.99.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.20. The company had revenue of $76.40 million for the quarter, compared to analyst estimates 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, analysts expect that Eagle Bancorp, Inc. will post 1.78 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, May 4th. Eagle Bancorp’s payout ratio is currently -1.06%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group set a $25.00 price target on Eagle Bancorp in a research report on Tuesday, January 27th. Weiss Ratings restated a “sell (d)” rating on shares of Eagle Bancorp in a research report on Wednesday, January 21st. Piper Sandler raised their price target on Eagle Bancorp from $27.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday. Wall Street Zen upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Zacks Research upgraded Eagle Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

About Eagle Bancorp

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.