GAMMA Investing LLC Raises Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

GAMMA Investing LLC raised its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 45.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,560 shares of the financial services provider’s stock after acquiring an additional 1,116 shares during the quarter. GAMMA Investing LLC’s holdings in Eagle Bancorp were worth $93,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC lifted its stake in shares of Eagle Bancorp by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider’s stock valued at $16,254,000 after buying an additional 25,578 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Eagle Bancorp by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider’s stock valued at $639,000 after buying an additional 1,340 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Eagle Bancorp by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider’s stock valued at $247,000 after buying an additional 450 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Eagle Bancorp by 41.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 55,627 shares of the financial services provider’s stock valued at $1,256,000 after buying an additional 16,338 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Eagle Bancorp by 63.9% during the 3rd quarter. Jane Street Group LLC now owns 71,703 shares of the financial services provider’s stock valued at $1,619,000 after buying an additional 27,942 shares in the last quarter. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EGBN. StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. 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. Finally, 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 price target on the stock.

Eagle Bancorp Stock Down 4.7 %

Shares of EGBN stock opened at $23.41 on Friday. The stock has a market cap of $706.98 million, a P/E ratio of -16.72 and a beta of 1.09. Eagle Bancorp, Inc. has a 52 week low of $15.99 and a 52 week high of $30.94. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $27.85 and its two-hundred day simple moving average is $23.76.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 EPS 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 business had revenue of $180.76 million for the quarter, compared to analysts’ expectations of $80.31 million. During the same quarter in the previous year, the company earned $0.91 EPS. Analysts predict that Eagle Bancorp, Inc. will post 1.68 EPS for the current fiscal year.

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.