2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS bought a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,800 shares of the financial services provider’s stock, valued at approximately $515,000.
KLP Kapitalforvaltning AS owned about 0.07% of Eagle Bancorp at the end of the most recent reporting period. Other institutional investors also recently modified their holdings of the company.
American Century Companies Inc. increased its position in Eagle Bancorp by 14.7% in the 4th quarter.
American Century Companies Inc. now owns 648,192 shares of the financial services provider’s stock valued at $16,872,000 after buying an additional 83,305 shares in the last quarter. JPMorgan Chase & Co.
raised its position in shares of Eagle Bancorp by 44.5% during the third quarter. JPMorgan Chase & Co.
now owns 158,254 shares of the financial services provider’s stock worth $3,573,000 after purchasing an additional 48,749 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Eagle Bancorp during the fourth quarter worth approximately $1,081,000. Angel Oak Capital Advisors LLC bought a new position in shares of Eagle Bancorp in the 4th quarter worth $1,057,000.
Finally, Semanteon Capital Management LP acquired a new stake in Eagle Bancorp in the 4th quarter valued at $1,018,000. 78.03% of the stock is owned by institutional investors.
Insider Buying and SellingIn other Eagle Bancorp news, CFO Eric R. Newell acquired 1,170 shares of Eagle Bancorp stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $21.
37 per share, for a total transaction of $25,002.90. Following the purchase, the chief financial officer now owns 28,733 shares of the company’s stock, valued at approximately $614,024.
21. This represents a 4.24 % increase in their ownership of the stock.
The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is currently owned by insiders.
Eagle Bancorp Price PerformanceShares of NASDAQ EGBN opened at $19.86 on Friday. The company has a market capitalization of $599.
85 million, a PE ratio of -12.65 and a beta of 1.08.
The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.
06. The stock’s 50 day moving average price is $23.33 and its 200-day moving average price is $25.
05. Eagle Bancorp, Inc. has a twelve month low of $15.
99 and a twelve month high of $30.94. Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last announced its earnings results on Wednesday, January 22nd.
The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.
01). Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.
68%. On average, equities analysts anticipate that Eagle Bancorp, Inc. will post 2.
31 EPS for the current year. Eagle Bancorp Announces DividendThe company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.
165 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.
66 dividend on an annualized basis and a dividend yield of 3.32%. Eagle Bancorp’s dividend payout ratio is presently -42.
04%. Analysts Set New Price TargetsSeveral research analysts have weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Eagle Bancorp from $32.
00 to $30.00 and set a “market perform” rating on the stock in a report on Monday, January 27th. Piper Sandler cut their target price on Eagle Bancorp from $31.
00 to $27.50 and set a “neutral” rating on the stock in a research report on Friday, January 24th.Check Out Our Latest Research Report on EGBNEagle Bancorp Company Profile (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.Featured ArticlesFive stocks we like better than Eagle BancorpEV Stocks and How to Profit from Them Shares of RH Down Nearly 40%: Where Investors Can Turn To NowHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsTariffs, Spin-Out, and R2 Updates Are Positive Signs for Rivian10 Best Airline Stocks to BuyCathie Wood Loads Up on Baidu—Is It the Right Time to Buy?.
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