Eagle Bancorp, Inc. $EGBN Shares Acquired by Angel Oak Capital Advisors LLC

Angel Oak Capital Advisors LLC lifted its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 17.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,600 shares of the financial services provider’s stock after acquiring an additional 7,000 shares during the quarter. Eagle Bancorp accounts for 1.3% of Angel Oak Capital Advisors LLC’s holdings, making the stock its 22nd biggest position. Angel Oak Capital Advisors LLC owned approximately 0.16% of Eagle Bancorp worth $927,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BlackBarn Capital Partners LP purchased a new stake in Eagle Bancorp in the first quarter valued at $7,980,000. Nuveen LLC acquired a new position in shares of Eagle Bancorp in the 1st quarter valued at about $7,275,000. Millennium Management LLC lifted its holdings in shares of Eagle Bancorp by 164.6% in the 1st quarter. Millennium Management LLC now owns 314,370 shares of the financial services provider’s stock valued at $6,602,000 after buying an additional 195,567 shares during the period. Jupiter Asset Management Ltd. boosted its stake in shares of Eagle Bancorp by 112.5% in the second quarter. Jupiter Asset Management Ltd. now owns 357,404 shares of the financial services provider’s stock worth $6,962,000 after buying an additional 189,233 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in Eagle Bancorp by 998.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 158,227 shares of the financial services provider’s stock worth $3,082,000 after acquiring an additional 143,820 shares during the period. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Trading Up 0.1%

Shares of NASDAQ:EGBN opened at $16.42 on Friday. The business’s 50 day moving average price is $19.24 and its 200-day moving average price is $18.76. Eagle Bancorp, Inc. has a 1 year low of $15.03 and a 1 year high of $30.94. The firm has a market capitalization of $498.66 million, a price-to-earnings ratio of -4.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.84.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Monday, September 11th. The financial services provider reported $1.20 EPS for the quarter. The company had revenue of $88.48 million during the quarter. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.07%. On average, equities research analysts forecast that Eagle Bancorp, Inc. will post 2.31 earnings per share 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. Investors of record on Monday, November 3rd will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, November 3rd. Eagle Bancorp’s dividend payout ratio is -1.01%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EGBN. Wall Street Zen cut Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Eagle Bancorp in a research note on Wednesday, October 8th. Piper Sandler decreased their target price on shares of Eagle Bancorp from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Finally, Zacks Research downgraded shares of Eagle Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Eagle Bancorp presently has a consensus rating of “Reduce” and an average target price of $21.25.

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.