Caxton Associates LP Raises Stake in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Caxton Associates LP boosted its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 17.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 73,991 shares of the financial services provider’s stock after purchasing an additional 10,733 shares during the period. Caxton Associates LP owned approximately 0.25% of Eagle Bancorp worth $1,398,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Squarepoint Ops LLC boosted its holdings in shares of Eagle Bancorp by 67.0% in the second quarter. Squarepoint Ops LLC now owns 92,745 shares of the financial services provider’s stock valued at $1,753,000 after acquiring an additional 37,210 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Eagle Bancorp in the second quarter valued at about $1,411,000. Public Sector Pension Investment Board boosted its holdings in shares of Eagle Bancorp by 6.9% in the second quarter. Public Sector Pension Investment Board now owns 66,421 shares of the financial services provider’s stock valued at $1,255,000 after acquiring an additional 4,316 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of Eagle Bancorp by 4.7% in the second quarter. Gabelli Funds LLC now owns 45,000 shares of the financial services provider’s stock valued at $850,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Eagle Bancorp by 39.9% in the second quarter. Thrivent Financial for Lutherans now owns 115,739 shares of the financial services provider’s stock valued at $2,188,000 after acquiring an additional 33,021 shares in the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Stock Performance

Shares of EGBN opened at $21.81 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.42. The stock has a market cap of $658.23 million, a P/E ratio of 8.69 and a beta of 1.09. The company has a 50-day moving average of $21.21 and a two-hundred day moving average of $20.39. Eagle Bancorp, Inc. has a 12-month low of $15.99 and a 12-month high of $31.97.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.34. The business had revenue of $175.06 million during the quarter, compared to analyst estimates of $80.90 million. Eagle Bancorp had a negative net margin of 5.28% and a positive return on equity of 5.50%. During the same quarter in the previous year, the business posted $0.94 earnings per share. As a group, research analysts predict that Eagle Bancorp, Inc. will post 1.46 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Saturday, July 20th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date of this dividend was Friday, July 19th. Eagle Bancorp’s dividend payout ratio is presently 71.71%.

Wall Street Analysts Forecast Growth

EGBN has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Eagle Bancorp from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. StockNews.com cut shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, June 9th.

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.