Jane Street Group LLC Raises Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Jane Street Group LLC boosted its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 63.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 71,703 shares of the financial services provider’s stock after acquiring an additional 27,942 shares during the quarter. Jane Street Group LLC’s holdings in Eagle Bancorp were worth $1,619,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EGBN. Point72 Asset Management L.P. bought a new position in shares of Eagle Bancorp during the second quarter valued at about $35,000. Point72 DIFC Ltd purchased a new position in Eagle Bancorp during the 3rd quarter valued at about $48,000. Carmichael Hill & Associates Inc. raised its position in Eagle Bancorp by 36.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 721 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Eagle Bancorp by 102.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the financial services provider’s stock worth $55,000 after buying an additional 1,234 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Eagle Bancorp by 49.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock worth $57,000 after buying an additional 846 shares during the last quarter. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Piper Sandler began coverage on shares of Eagle Bancorp in a report on Monday, October 21st. They issued a “neutral” rating and a $27.00 price objective for the company. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Eagle Bancorp Trading Down 0.3 %

EGBN opened at $26.58 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a 52 week low of $15.99 and a 52 week high of $31.33. The stock has a market cap of $802.77 million, a PE ratio of -18.99 and a beta of 1.09. The business has a 50 day moving average of $27.83 and a 200-day moving average of $23.16.

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

Eagle Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 21st were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.48%. The ex-dividend date was Monday, October 21st. Eagle Bancorp’s payout ratio is currently -47.14%.

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.