Smartleaf Asset Management LLC Acquires 775 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Smartleaf Asset Management LLC boosted its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 353.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 994 shares of the financial services provider’s stock after purchasing an additional 775 shares during the period. Smartleaf Asset Management LLC’s holdings in Eagle Bancorp were worth $26,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EGBN. Point72 DIFC Ltd acquired a new position in Eagle Bancorp in the third quarter valued at $48,000. R Squared Ltd acquired a new position in Eagle Bancorp in the fourth quarter valued at $51,000. GAMMA Investing LLC lifted its holdings in Eagle Bancorp by 45.7% in the fourth quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider’s stock valued at $93,000 after buying an additional 1,116 shares during the period. FMR LLC lifted its holdings in Eagle Bancorp by 84.9% in the third quarter. FMR LLC now owns 4,785 shares of the financial services provider’s stock valued at $108,000 after buying an additional 2,197 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in Eagle Bancorp by 181.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,714 shares of the financial services provider’s stock valued at $129,000 after buying an additional 3,687 shares during the period. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Price Performance

Shares of NASDAQ EGBN opened at $20.67 on Thursday. The firm’s 50-day moving average price is $24.52 and its 200-day moving average price is $25.12. Eagle Bancorp, Inc. has a 1-year low of $15.99 and a 1-year high of $30.94. The firm has a market capitalization of $624.32 million, a P/E ratio of -13.17 and a beta of 1.08. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. Equities research analysts anticipate that Eagle Bancorp, Inc. will post 2.31 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, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.165 per share. The ex-dividend date was Friday, February 7th. This represents a $0.66 annualized dividend and a dividend yield of 3.19%. Eagle Bancorp’s dividend payout ratio is currently -42.04%.

Insider Buying and Selling

In other Eagle Bancorp news, CFO Eric R. Newell bought 1,170 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the acquisition, the chief financial officer now directly owns 28,733 shares of the company’s stock, valued at approximately $614,024.21. The trade was a 4.24 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EGBN. Piper Sandler dropped their target price on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods dropped their price objective on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating on the stock in a report on Monday, January 27th.

Eagle Bancorp Company Profile

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.