Jupiter Asset Management Ltd. Buys New Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Jupiter Asset Management Ltd. purchased a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 158,167 shares of the financial services provider’s stock, valued at approximately $2,989,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Eagle Bancorp by 16.5% during the 2nd quarter. American Century Companies Inc. now owns 510,770 shares of the financial services provider’s stock worth $9,654,000 after acquiring an additional 72,415 shares during the period. Texas Permanent School Fund Corp lifted its stake in Eagle Bancorp by 47.1% during the second quarter. Texas Permanent School Fund Corp now owns 38,514 shares of the financial services provider’s stock worth $728,000 after purchasing an additional 12,323 shares during the period. Choreo LLC acquired a new stake in Eagle Bancorp during the second quarter valued at approximately $689,000. Quest Partners LLC grew its stake in shares of Eagle Bancorp by 52.3% in the 2nd quarter. Quest Partners LLC now owns 75,250 shares of the financial services provider’s stock valued at $1,422,000 after purchasing an additional 25,850 shares during the period. Finally, Carmichael Hill & Associates Inc. grew its stake in shares of Eagle Bancorp by 36.1% in 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 period. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Stock Performance

NASDAQ:EGBN opened at $21.58 on Friday. The stock has a market capitalization of $651.28 million, a P/E ratio of 8.60 and a beta of 1.09. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.42. Eagle Bancorp, Inc. has a 1 year low of $15.99 and a 1 year high of $31.97. The firm has a 50 day moving average of $20.80 and a 200-day moving average of $20.47.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.34. The firm had revenue of $175.06 million during the quarter, compared to the consensus estimate of $80.90 million. Eagle Bancorp had a positive return on equity of 5.50% and a negative net margin of 5.28%. During the same quarter in the previous year, the company posted $0.94 EPS. As a group, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 1.46 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Saturday, July 20th were given a dividend of $0.45 per share. The ex-dividend date was Friday, July 19th. This represents a $1.80 annualized dividend and a yield of 8.34%. Eagle Bancorp’s dividend payout ratio (DPR) is 71.71%.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com lowered Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, June 9th. Keefe, Bruyette & Woods boosted their target price on shares of Eagle Bancorp from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, July 29th.

Eagle Bancorp 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.