2,262 Shares in Eagle Bancorp, Inc. (NASDAQ:EGBN) Bought by Millstone Evans Group LLC

Millstone Evans Group LLC acquired a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,262 shares of the financial services provider’s stock, valued at approximately $59,000.

Several other large investors have also recently made changes to their positions in EGBN. HighTower Advisors LLC boosted its holdings in shares of Eagle Bancorp by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider’s stock worth $247,000 after buying an additional 450 shares during the last quarter. Ieq Capital LLC boosted its stake in Eagle Bancorp by 3.3% in the fourth quarter. Ieq Capital LLC now owns 20,724 shares of the financial services provider’s stock valued at $539,000 after acquiring an additional 667 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Eagle Bancorp by 353.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 775 shares during the period. GAMMA Investing LLC increased its stake in shares of Eagle Bancorp by 45.7% during the 4th quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 1,116 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Eagle Bancorp by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 1,340 shares during the period. 78.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler decreased their price objective on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Keefe, Bruyette & Woods cut their price target on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Monday, January 27th.

Eagle Bancorp Stock Performance

NASDAQ:EGBN opened at $21.37 on Monday. Eagle Bancorp, Inc. has a twelve month low of $15.99 and a twelve month high of $30.94. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The stock has a market cap of $645.46 million, a P/E ratio of -13.61 and a beta of 1.08. The business’s 50-day moving average price is $23.95 and its two-hundred day moving average price is $25.10.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. As a group, equities analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.165 per share. The ex-dividend date was Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a yield of 3.09%. Eagle Bancorp’s payout ratio is -42.04%.

Insiders Place Their Bets

In other news, CFO Eric R. Newell acquired 1,170 shares of Eagle Bancorp stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $21.37 per share, for a total transaction of $25,002.90. Following the transaction, the chief financial officer now owns 28,733 shares of the company’s stock, valued at $614,024.21. This trade represents a 4.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.10% of the company’s stock.

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.