Cwm LLC Buys 1,819 Shares of Eagle Bancorp, Inc. $EGBN

Cwm LLC boosted its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 11.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,106 shares of the financial services provider’s stock after purchasing an additional 1,819 shares during the quarter. Cwm LLC owned approximately 0.06% of Eagle Bancorp worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in Eagle Bancorp by 72.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,640 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 8,277 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Eagle Bancorp by 24.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,142 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 2,000 shares during the period. Jump Financial LLC bought a new position in Eagle Bancorp in the 1st quarter worth about $930,000. Jupiter Asset Management Ltd. bought a new position in Eagle Bancorp in the 1st quarter worth about $3,532,000. Finally, Nuveen LLC bought a new position in Eagle Bancorp in the 1st quarter worth about $7,275,000. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Stock Performance

Shares of NASDAQ EGBN opened at $17.43 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average is $19.91 and its 200 day moving average is $19.07. The stock has a market cap of $529.35 million, a price-to-earnings ratio of -4.40 and a beta of 1.13. Eagle Bancorp, Inc. has a 1-year low of $15.47 and a 1-year high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Monday, September 11th. The financial services provider reported $1.20 EPS for the quarter. The business had revenue of $88.48 million for the quarter. Eagle Bancorp had a negative return on equity of 10.07% and a negative net margin of 18.65%. On average, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, November 3rd. Eagle Bancorp’s payout ratio is -16.67%.

Analyst Upgrades and Downgrades

EGBN has been the subject of several analyst reports. Wall Street Zen downgraded Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 26th. Piper Sandler dropped their price target on Eagle Bancorp from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Eagle Bancorp in a research report on Friday. Finally, Zacks Research upgraded Eagle Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Eagle Bancorp currently has an average rating of “Hold” and a consensus target price of $21.00.

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.