BNP Paribas Financial Markets Has $1.26 Million Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

BNP Paribas Financial Markets raised its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 41.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,627 shares of the financial services provider’s stock after buying an additional 16,338 shares during the quarter. BNP Paribas Financial Markets owned 0.18% of Eagle Bancorp worth $1,256,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EGBN. Price T Rowe Associates Inc. MD grew its stake in Eagle Bancorp by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 30,187 shares of the financial services provider’s stock worth $710,000 after buying an additional 1,152 shares in the last quarter. CWM LLC boosted its position in shares of Eagle Bancorp by 78.8% during the 2nd quarter. CWM LLC now owns 9,876 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 4,351 shares in the last quarter. SG Americas Securities LLC increased its stake in Eagle Bancorp by 15.8% in the second quarter. SG Americas Securities LLC now owns 21,885 shares of the financial services provider’s stock valued at $414,000 after acquiring an additional 2,990 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Eagle Bancorp by 12.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 14,995 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 1,609 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Eagle Bancorp by 122.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,917 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 3,804 shares in the last quarter. Institutional investors own 78.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods increased their price objective on shares of Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler began coverage on shares of Eagle Bancorp in a research report on Monday, October 21st. They issued a “neutral” rating and a $27.00 target price on the stock.

Eagle Bancorp Trading Down 1.0 %

EGBN opened at $28.97 on Tuesday. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $31.97. The firm has a market capitalization of $874.89 million, a PE ratio of -20.69 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50-day moving average is $26.70 and its 200 day moving average is $22.31.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.45 by $0.27. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%. The firm had revenue of $180.76 million for the quarter, compared to analysts’ expectations of $80.31 million. During the same quarter last year, the firm earned $0.91 EPS. As a group, research analysts predict that Eagle Bancorp, Inc. will post 1.68 earnings per share for the current fiscal year.

Eagle Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 21st were paid a $0.165 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.66 annualized dividend and a yield of 2.28%. Eagle Bancorp’s payout ratio is -47.14%.

Eagle Bancorp Profile

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.