Oppenheimer & Co. Inc. Increases Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Oppenheimer & Co. Inc. lifted its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBNFree Report) by 24.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,142 shares of the financial services provider’s stock after buying an additional 2,000 shares during the period. Oppenheimer & Co. Inc.’s holdings in Eagle Bancorp were worth $213,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Eagle Bancorp by 72.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,640 shares of the financial services provider’s stock valued at $412,000 after buying an additional 8,277 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Eagle Bancorp by 1,812.4% during the first quarter. GAMMA Investing LLC now owns 68,082 shares of the financial services provider’s stock valued at $1,430,000 after buying an additional 64,522 shares during the last quarter. Alpine Global Management LLC purchased a new position in shares of Eagle Bancorp during the fourth quarter valued at approximately $358,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Eagle Bancorp by 11.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,686 shares of the financial services provider’s stock valued at $1,840,000 after buying an additional 7,029 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in shares of Eagle Bancorp during the fourth quarter valued at approximately $1,228,000. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Janney Montgomery Scott raised Eagle Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, June 10th. Wall Street Zen lowered Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Jefferies Financial Group set a $20.00 price target on Eagle Bancorp and gave the stock a “hold” rating in a report on Wednesday, May 21st. Piper Sandler dropped their price target on Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods dropped their price target on Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.75.

Read Our Latest Stock Analysis on Eagle Bancorp

Eagle Bancorp Stock Performance

Shares of Eagle Bancorp stock opened at $20.82 on Friday. The business’s fifty day simple moving average is $18.15 and its 200 day simple moving average is $21.55. The firm has a market capitalization of $632.51 million, a P/E ratio of -13.88 and a beta of 1.05. Eagle Bancorp, Inc. has a 12 month low of $16.68 and a 12 month high of $30.94. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBNGet Free Report) last issued its 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). The firm had revenue of $73.86 million during the quarter, compared to the consensus estimate of $71.93 million. Eagle Bancorp had a negative net margin of 6.52% and a positive return on equity of 4.86%. As a group, analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Dividend Announcement

The company also recently announced 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 dividend yield of 3.17%. Eagle Bancorp’s payout ratio is presently -44.00%.

Eagle Bancorp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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