Quantinno Capital Management LP Boosts Stock Position in Eagle Bancorp, Inc. $EGBN

Quantinno Capital Management LP increased its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 15.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 187,900 shares of the financial services provider’s stock after purchasing an additional 24,842 shares during the period. Quantinno Capital Management LP’s holdings in Eagle Bancorp were worth $4,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. North Reef Capital Management LP lifted its stake in shares of Eagle Bancorp by 11.7% in the 4th quarter. North Reef Capital Management LP now owns 2,940,000 shares of the financial services provider’s stock worth $62,975,000 after acquiring an additional 307,082 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Eagle Bancorp by 77.7% in the fourth quarter. Wellington Management Group LLP now owns 1,082,382 shares of the financial services provider’s stock valued at $23,185,000 after acquiring an additional 473,361 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Eagle Bancorp by 13.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,010,336 shares of the financial services provider’s stock worth $21,642,000 after acquiring an additional 117,156 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Eagle Bancorp by 5.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 644,957 shares of the financial services provider’s stock worth $13,041,000 after acquiring an additional 32,787 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Eagle Bancorp by 20.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 612,655 shares of the financial services provider’s stock worth $13,123,000 after purchasing an additional 105,702 shares in the last quarter. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Price Performance

Shares of NASDAQ EGBN opened at $27.86 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.87. Eagle Bancorp, Inc. has a one year low of $15.03 and a one year high of $29.29. The firm has a market capitalization of $849.73 million, a P/E ratio of -22.11 and a beta of 0.96. The company’s fifty day moving average is $27.61 and its two-hundred day moving average is $26.49.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11). The company had revenue of $73.11 million during the quarter, compared to analysts’ expectations of $74.41 million. Eagle Bancorp had a negative net margin of 6.43% and a negative return on equity of 3.37%. Analysts forecast that Eagle Bancorp, Inc. will post 1.55 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Thursday, August 6th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, August 6th. Eagle Bancorp’s dividend payout ratio is presently -3.17%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EGBN shares. Raymond James Financial started coverage on shares of Eagle Bancorp in a research report on Tuesday, April 14th. They issued a “strong-buy” rating and a $32.00 price objective for the company. Zacks Research cut Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 29th. Piper Sandler increased their target price on Eagle Bancorp from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Eagle Bancorp in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $29.00.

About Eagle Bancorp

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.