Hilton Head Capital Partners LLC Acquires Shares of 18,411 Eagle Bancorp, Inc. $EGBN

by · The Markets Daily

Hilton Head Capital Partners LLC bought a new stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,411 shares of the financial services provider’s stock, valued at approximately $394,000. Hilton Head Capital Partners LLC owned 0.06% of Eagle Bancorp as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. North Reef Capital Management LP grew its position in shares of Eagle Bancorp by 558.2% during the 3rd quarter. North Reef Capital Management LP now owns 2,632,918 shares of the financial services provider’s stock valued at $53,238,000 after acquiring an additional 2,232,918 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of Eagle Bancorp by 5.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 644,957 shares of the financial services provider’s stock valued at $13,041,000 after acquiring an additional 32,787 shares during the period. Wellington Management Group LLP bought a new position in shares of Eagle Bancorp during the 3rd quarter valued at approximately $12,314,000. Millennium Management LLC grew its position in shares of Eagle Bancorp by 135.6% during the 3rd quarter. Millennium Management LLC now owns 444,631 shares of the financial services provider’s stock valued at $8,990,000 after acquiring an additional 255,932 shares during the period. Finally, Invesco Ltd. grew its position in shares of Eagle Bancorp by 15.1% during the 2nd quarter. Invesco Ltd. now owns 442,614 shares of the financial services provider’s stock valued at $8,622,000 after acquiring an additional 58,212 shares during the period. 78.03% of the stock is owned by institutional investors.

Eagle Bancorp Stock Performance

Eagle Bancorp stock opened at $27.27 on Monday. The firm’s fifty day moving average price is $26.20 and its 200-day moving average price is $24.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $831.74 million, a P/E ratio of -7.20 and a beta of 0.97. Eagle Bancorp, Inc. has a fifty-two week low of $15.03 and a fifty-two week high of $29.26.

Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.20. The firm had revenue of $76.40 million for the quarter, compared to analysts’ expectations of $77.37 million. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.03%. On average, equities research analysts expect that Eagle Bancorp, Inc. will post 1.79 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $0.01 per share. The ex-dividend date was Monday, May 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Eagle Bancorp’s dividend payout ratio (DPR) is -1.06%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Raymond James Financial assumed coverage on shares of Eagle Bancorp in a research report on Tuesday, April 14th. They set a “strong-buy” rating and a $32.00 target price for the company. Wall Street Zen raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Piper Sandler increased their target price on shares of Eagle Bancorp from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Finally, Zacks Research downgraded shares of Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Eagle Bancorp has an average rating of “Hold” and a consensus price target of $27.50.

Read Our Latest Report on EGBN

About Eagle Bancorp

(Free Report)

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.

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