GAMMA Investing LLC Has $1.43 Million Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

GAMMA Investing LLC grew its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 1,812.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,082 shares of the financial services provider’s stock after purchasing an additional 64,522 shares during the period. GAMMA Investing LLC owned about 0.23% of Eagle Bancorp worth $1,430,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EGBN. Fourthstone LLC raised its holdings in Eagle Bancorp by 382.7% in the fourth quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider’s stock worth $33,231,000 after purchasing an additional 1,012,182 shares during the period. North Reef Capital Management LP raised its holdings in Eagle Bancorp by 251.9% in the fourth quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider’s stock worth $25,186,000 after purchasing an additional 692,593 shares during the period. JPMorgan Chase & Co. raised its holdings in Eagle Bancorp by 69.5% in the fourth quarter. JPMorgan Chase & Co. now owns 268,214 shares of the financial services provider’s stock worth $6,982,000 after purchasing an additional 109,960 shares during the period. American Century Companies Inc. raised its holdings in Eagle Bancorp by 14.7% in the fourth quarter. American Century Companies Inc. now owns 648,192 shares of the financial services provider’s stock worth $16,872,000 after purchasing an additional 83,305 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Eagle Bancorp by 69.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 178,418 shares of the financial services provider’s stock worth $4,644,000 after purchasing an additional 73,378 shares during the period. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Stock Down 2.9%

Shares of EGBN stock opened at $17.57 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a 1 year low of $15.99 and a 1 year high of $30.94. The firm’s fifty day moving average price is $18.57 and its two-hundred day moving average price is $22.55. The firm has a market capitalization of $533.72 million, a P/E ratio of -11.19 and a beta of 1.03.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.40). Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. The business had revenue of $73.86 million during the quarter, compared to analyst estimates of $71.93 million. On average, equities analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were paid a $0.165 dividend. The ex-dividend date was Monday, May 5th. This represents a $0.66 annualized dividend and a yield of 3.76%. Eagle Bancorp’s payout ratio is currently -44.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EGBN shares. Keefe, Bruyette & Woods cut their target price on shares of Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. Piper Sandler dropped their price objective on shares of Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Janney Montgomery Scott upgraded shares of Eagle Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, June 10th. Jefferies Financial Group set a $20.00 price objective on shares of Eagle Bancorp and gave the stock a “hold” rating in a report on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.75.

Eagle Bancorp Company 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.