PDT Partners LLC Buys Shares of 10,611 Eagle Bancorp, Inc. (NASDAQ:EGBN)

PDT Partners LLC bought a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,611 shares of the financial services provider’s stock, valued at approximately $276,000.

Several other large investors also recently added to or reduced their stakes in EGBN. LPL Financial LLC grew its holdings in Eagle Bancorp by 2.4% during the fourth quarter. LPL Financial LLC now owns 20,246 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 467 shares during the last quarter. Ieq Capital LLC grew its stake in shares of Eagle Bancorp by 3.3% in the 4th quarter. Ieq Capital LLC now owns 20,724 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 667 shares during the period. Smartleaf Asset Management LLC grew its position in Eagle Bancorp by 353.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 775 shares during the period. Russell Investments Group Ltd. raised its stake in Eagle Bancorp by 42.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 933 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Eagle Bancorp by 45.7% during the fourth quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 1,116 shares during the period. 78.03% of the stock is owned by institutional investors.

Insider Transactions at Eagle Bancorp

In related news, CFO Eric R. Newell bought 1,170 shares of the business’s stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $21.37 per share, with a total value of $25,002.90. Following the completion of the purchase, the chief financial officer now owns 28,733 shares of the company’s stock, valued at $614,024.21. This represents a 4.24 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.39% of the stock is owned by corporate insiders.

Eagle Bancorp Stock Performance

Shares of Eagle Bancorp stock opened at $18.50 on Friday. The firm has a market cap of $561.85 million, a P/E ratio of -11.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $20.55 and a 200 day simple moving average of $24.49. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.40). Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. The business had revenue of $73.86 million for the quarter, compared to analyst estimates of $71.93 million. Sell-side analysts predict that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Monday, May 5th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, May 5th. Eagle Bancorp’s dividend payout ratio (DPR) is currently -44.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EGBN shares. Keefe, Bruyette & Woods lowered their target price on shares of Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. Piper Sandler cut their target price on shares of Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, April 28th.

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.