Eagle Bancorp (NASDAQ:EGBN) Director Purchases $25,260.00 in Stock

Eagle Bancorp Director Louis Jr. Mathews purchased 1,500 shares at $16.84 each, totaling $25,260. This increased his ownership by 20.96%, now holding 8,657 shares valued at $145,783.88. The stock rose 0.4% to $18.03. Eagle Bancorp has a market cap of $547.59 million, a negative net margin of 18.65%, and a negative return on equity of 10.07%. Analysts forecast an EPS of 2.31 for the fiscal year. Institutional investors have increased their holdings significantly.

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) Director Louis Jr. Mathews acquired 1,500 shares of the stock in a transaction dated Wednesday, November 19th. The shares were acquired at an average cost of $16.84 per share, with a total value of $25,260.00. Following the completion of the transaction, the director owned 8,657 shares in the company, valued at approximately $145,783.88. This represents a 20.96% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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Eagle Bancorp Stock Up 0.4%

EGBN traded up $0.07 on Monday, reaching $18.03. The company's stock had a trading volume of 61,103 shares, compared to its average volume of 429,868. The company has a market capitalization of $547.59 million, a price-to-earnings ratio of -4.55 and a beta of 1.17. Eagle Bancorp, Inc. has a fifty-two week low of $15.03 and a fifty-two week high of $30.94. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $18.87 and a two-hundred day moving average of $18.71.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings data on Monday, September 11th. The financial services provider reported $1.20 earnings per share for the quarter. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.07%. The company had revenue of $88.48 million for the quarter. As a group, analysts forecast that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, November 3rd. Eagle Bancorp's dividend payout ratio (DPR) is currently -1.01%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EGBN. Caxton Associates LLP grew its holdings in Eagle Bancorp by 69.8% during the 3rd quarter. Caxton Associates LLP now owns 67,285 shares of the financial services provider's stock valued at $1,361,000 after buying an additional 27,655 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Eagle Bancorp by 50.3% in the third quarter. Verition Fund Management LLC now owns 81,057 shares of the financial services provider's stock valued at $1,639,000 after acquiring an additional 27,135 shares in the last quarter. North Reef Capital Management LP boosted its stake in shares of Eagle Bancorp by 558.2% during the third 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 last quarter. Mariner LLC raised its stake in Eagle Bancorp by 216.3% in the 3rd quarter. Mariner LLC now owns 53,360 shares of the financial services provider's stock valued at $1,079,000 after purchasing an additional 36,489 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Eagle Bancorp by 135.6% in the 3rd quarter. Millennium Management LLC now owns 444,631 shares of the financial services provider's stock valued at $8,990,000 after purchasing an additional 255,932 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EGBN has been the topic of a number of research reports. Weiss Ratings reissued a "sell (d)" rating on shares of Eagle Bancorp in a report on Wednesday, October 8th. Piper Sandler cut their price target on shares of Eagle Bancorp from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Monday, October 27th. Finally, Zacks Research cut 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 assigned a Sell rating to the company. According to MarketBeat.com, Eagle Bancorp has an average rating of "Reduce" and a consensus target price of $21.25.

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Eagle Bancorp Company Profile

(Get 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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