Eagle Bancorp, Inc. $EGBN Shares Sold by JCSD Capital LLC

JCSD Capital LLC lessened its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 13.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,900 shares of the financial services provider’s stock after selling 25,000 shares during the period. Eagle Bancorp accounts for 6.5% of JCSD Capital LLC’s holdings, making the stock its 5th biggest holding. JCSD Capital LLC owned about 0.52% of Eagle Bancorp worth $4,483,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of EGBN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Eagle Bancorp by 15.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,033 shares of the financial services provider’s stock valued at $1,392,000 after purchasing an additional 6,487 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Eagle Bancorp by 247.7% during the 2nd quarter. Hsbc Holdings PLC now owns 42,520 shares of the financial services provider’s stock valued at $1,204,000 after acquiring an additional 30,292 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Eagle Bancorp by 5.9% during the second quarter. Wellington Management Group LLP now owns 1,233,336 shares of the financial services provider’s stock valued at $35,014,000 after purchasing an additional 68,314 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Eagle Bancorp in the 2nd quarter worth approximately $39,000. Finally, Stone Point Capital LLC purchased a new position in Eagle Bancorp in the second quarter worth $21,660,548,000. Institutional investors and hedge funds own 78.03% of the company’s stock.

Analysts Set New Price Targets

EGBN has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eagle Bancorp in a research note on Friday, June 5th. Piper Sandler lifted their price objective on shares of Eagle Bancorp from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Finally, Zacks Research upgraded Eagle Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $29.00.

Eagle Bancorp Price Performance

EGBN opened at $27.57 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a market capitalization of $840.33 million, a P/E ratio of -21.88 and a beta of 0.96. The company’s 50-day simple moving average is $27.82 and its two-hundred day simple moving average is $26.70. Eagle Bancorp, Inc. has a 52-week low of $15.03 and a 52-week high of $29.29.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11). Eagle Bancorp had a negative return on equity of 3.37% and a negative net margin of 6.43%.The company had revenue of $73.11 million during the quarter, compared to the consensus estimate of $74.41 million. As a group, analysts predict that Eagle Bancorp, Inc. will post 1.52 EPS for the current year.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Thursday, August 6th were issued a $0.01 dividend. The ex-dividend date was Thursday, August 6th. This represents a $0.04 annualized dividend and a yield of 0.1%. Eagle Bancorp’s dividend payout ratio (DPR) is currently -3.17%.

Eagle Bancorp Company 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.