Counterpoint Mutual Funds LLC Takes Position in Eagle Bancorp, Inc. $EGBN

Counterpoint Mutual Funds LLC purchased a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 1st quarter, HoldingsChannel reports. The fund purchased 35,358 shares of the financial services provider’s stock, valued at approximately $879,000.

Several other institutional investors have also recently made changes to their positions in EGBN. Farther Finance Advisors LLC raised its position in shares of Eagle Bancorp by 128.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock worth $30,000 after buying an additional 782 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Eagle Bancorp by 113.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider’s stock worth $80,000 after buying an additional 2,172 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Eagle Bancorp during the second quarter worth about $99,000. GAMMA Investing LLC increased its stake in Eagle Bancorp by 204.0% in the 4th quarter. GAMMA Investing LLC now owns 6,590 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 4,422 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new position in Eagle Bancorp in the 3rd quarter worth about $169,000. Institutional investors own 78.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Zacks Research cut Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Piper Sandler upped their price objective on shares of Eagle Bancorp from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eagle Bancorp in a research note on Friday, June 5th. Wall Street Zen raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Raymond James Financial began 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.00.

Eagle Bancorp Price Performance

EGBN opened at $27.59 on Friday. The stock has a market cap of $841.50 million, a PE ratio of -7.28 and a beta of 0.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. Eagle Bancorp, Inc. has a 52 week low of $15.03 and a 52 week high of $29.29. The business’s fifty day simple moving average is $26.90 and its 200 day simple moving average is $25.46.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.20. Eagle Bancorp had a negative return on equity of 10.03% and a negative net margin of 18.65%.The firm had revenue of $76.40 million during the quarter, compared to analyst estimates of $77.37 million. As a group, research analysts expect that Eagle Bancorp, Inc. will post 1.79 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

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

Eagle Bancorp Company Profile

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.