Hsbc Holdings PLC Purchases New Position in Eagle Bancorp, Inc. $EGBN

Hsbc Holdings PLC purchased a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN) in the 4th quarter, HoldingsChannel reports. The firm purchased 25,597 shares of the financial services provider’s stock, valued at approximately $535,000.

Several other large investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in Eagle Bancorp by 128.6% during the fourth 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 stake in shares of 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 valued at $80,000 after purchasing an additional 2,172 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Eagle Bancorp in the 2nd quarter valued at approximately $99,000. GAMMA Investing LLC boosted its holdings in shares of Eagle Bancorp by 204.0% in the 4th quarter. GAMMA Investing LLC now owns 6,590 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 4,422 shares during the period. Finally, iSAM Funds UK Ltd purchased a new position in shares of Eagle Bancorp in the 3rd quarter worth approximately $169,000. 78.03% of the stock is owned by institutional investors.

Eagle Bancorp Stock Performance

Shares of Eagle Bancorp stock opened at $27.78 on Friday. The stock’s fifty day moving average is $27.03 and its two-hundred day moving average is $25.84. The company has a market capitalization of $847.29 million, a PE ratio of -7.33 and a beta of 0.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. Eagle Bancorp, Inc. has a 52 week low of $15.03 and a 52 week high of $29.29.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.20. The business had revenue of $76.40 million during the quarter, compared to the consensus estimate 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 1.79 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, May 4th. Eagle Bancorp’s payout ratio is -1.06%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Eagle Bancorp in a report on Friday, June 5th. Piper Sandler lifted their price objective on shares of Eagle Bancorp from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Zacks Research cut shares of Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Raymond James Financial assumed coverage on shares of Eagle Bancorp in a research report on Tuesday, April 14th. They set a “strong-buy” rating and a $32.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Eagle Bancorp presently has a consensus rating of “Hold” and a consensus target price of $29.00.

Eagle Bancorp 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.