13,945 Shares in Eagle Bancorp, Inc. (NASDAQ:EGBN) Bought by Burt Wealth Advisors

Burt Wealth Advisors acquired a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,945 shares of the financial services provider’s stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Epoch Investment Partners Inc. lifted its stake in Eagle Bancorp by 76.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 457,881 shares of the financial services provider’s stock valued at $10,756,000 after buying an additional 199,057 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Eagle Bancorp by 53.2% in the second quarter. AQR Capital Management LLC now owns 539,186 shares of the financial services provider’s stock valued at $10,191,000 after acquiring an additional 187,249 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Eagle Bancorp by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,440 shares of the financial services provider’s stock valued at $26,637,000 after purchasing an additional 169,621 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Eagle Bancorp during the 2nd quarter worth $2,989,000. Finally, Renaissance Technologies LLC raised its position in shares of Eagle Bancorp by 401.1% in the second quarter. Renaissance Technologies LLC now owns 105,636 shares of the financial services provider’s stock valued at $1,997,000 after buying an additional 84,556 shares during the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EGBN has been the topic of a number of research reports. Piper Sandler started coverage on shares of Eagle Bancorp in a research note on Monday, October 21st. They issued a “neutral” rating and a $27.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on Eagle Bancorp from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Finally, StockNews.com raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.

Eagle Bancorp Trading Up 2.6 %

NASDAQ:EGBN traded up $0.72 on Friday, reaching $28.89. The company’s stock had a trading volume of 46,733 shares, compared to its average volume of 320,235. Eagle Bancorp, Inc. has a 12-month low of $15.99 and a 12-month high of $31.97. The stock has a 50 day moving average price of $23.47 and a 200 day moving average price of $20.91. The firm has a market cap of $871.90 million, a price-to-earnings ratio of -20.12 and a beta of 1.06. The company has a quick ratio of 1.02, a current ratio of 0.86 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.27. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%. The company had revenue of $180.76 million during the quarter, compared to analyst estimates of $80.31 million. During the same quarter last year, the firm posted $0.91 earnings per share. On average, equities analysts anticipate that Eagle Bancorp, Inc. will post 1.68 EPS for the current fiscal year.

Eagle Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 21st were paid a $0.165 dividend. The ex-dividend date was Monday, October 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.28%. Eagle Bancorp’s payout ratio is presently -47.14%.

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.