Key Points
- Director Louis Jr. Mathews purchased 1,500 shares at an average price of $16.84 on Nov. 19 ($25,260 total), boosting his stake 20.96% to 8,657 shares, as disclosed in an SEC filing.
- Eagle Bancorp is trading near $18 with a market cap of about $555M, but shows weak fundamentals—negative P/E, negative net margin (-18.65%) and ROE (-10.07%)—and a 12-month range of $15.03–$30.94.
- Analyst sentiment is negative overall (average rating "Reduce" and $21.25 average target), with recent downgrades and price-target cuts from firms including Zacks and Piper Sandler.
Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) Director Louis Jr. Mathews bought 1,500 shares of the stock in a transaction on Wednesday, November 19th. The shares were bought at an average cost of $16.84 per share, for a total transaction of $25,260.00. Following the purchase, the director owned 8,657 shares in the company, valued at $145,783.88. This trade represents a 20.96% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Eagle Bancorp Trading Up 1.7%
Shares of NASDAQ:EGBN opened at $18.27 on Tuesday. The company has a 50 day moving average of $18.83 and a 200-day moving average of $18.71. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.07. The firm has a market cap of $554.88 million, a P/E ratio of -4.61 and a beta of 1.17. Eagle Bancorp, Inc. has a twelve month low of $15.03 and a twelve month high of $30.94.
Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its earnings results on Monday, September 11th. The financial services provider reported $1.20 EPS for the quarter. The firm had revenue of $88.48 million for the quarter. Eagle Bancorp had a negative return on equity of 10.07% and a negative net margin of 18.65%. As a group, analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.
Eagle Bancorp Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, November 3rd. Eagle Bancorp's payout ratio is presently -1.01%.
Hedge Funds Weigh In On Eagle Bancorp
Several institutional investors and hedge funds have recently added to or reduced their stakes in EGBN. MAI Capital Management increased its stake in Eagle Bancorp by 24.2% in the second quarter. MAI Capital Management now owns 3,448 shares of the financial services provider's stock valued at $67,000 after acquiring an additional 671 shares during the period. Versant Capital Management Inc grew its stake in shares of Eagle Bancorp by 102.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,490 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 753 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Eagle Bancorp by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,581 shares of the financial services provider's stock worth $369,000 after buying an additional 780 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Eagle Bancorp by 5.6% during the 1st quarter. Inspire Investing LLC now owns 16,339 shares of the financial services provider's stock worth $343,000 after buying an additional 860 shares during the period. Finally, New York State Common Retirement Fund grew its position in Eagle Bancorp by 13.2% in the first quarter. New York State Common Retirement Fund now owns 8,549 shares of the financial services provider's stock valued at $180,000 after acquiring an additional 1,000 shares during the period. 78.03% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
EGBN has been the subject of a number of recent research reports. Zacks Research downgraded Eagle Bancorp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, November 4th. Piper Sandler dropped their price objective on shares of Eagle Bancorp from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Monday, October 27th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Eagle Bancorp in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $21.25.
Read Our Latest Research Report on Eagle Bancorp
About Eagle Bancorp
(
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.
Further Reading
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