Counterpoint Mutual Funds LLC Makes New $879,000 Investment in Eagle Bancorp, Inc. $EGBN

Counterpoint Mutual Funds LLC bought a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,358 shares of the financial services provider’s stock, valued at approximately $879,000. Counterpoint Mutual Funds LLC owned 0.12% of Eagle Bancorp at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EGBN. Farther Finance Advisors LLC grew its stake in shares of Eagle Bancorp by 128.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 782 shares during the period. Tower Research Capital LLC TRC raised its stake in Eagle Bancorp by 113.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 2,172 shares during the period. Raymond James Financial Inc. bought a new stake in Eagle Bancorp in the 2nd quarter valued at about $99,000. GAMMA Investing LLC lifted its holdings in Eagle Bancorp by 204.0% during the fourth quarter. GAMMA Investing LLC now owns 6,590 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 4,422 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in Eagle Bancorp during the third quarter valued at about $169,000. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Stock Performance

Shares of EGBN opened at $27.59 on Friday. The stock’s 50-day simple moving average is $26.90 and its 200 day simple moving average is $25.46. The stock has a market capitalization of $841.50 million, a price-to-earnings ratio of -7.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. Eagle Bancorp, Inc. has a 52-week low of $15.03 and a 52-week high of $29.29.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.20. Eagle Bancorp had a negative return on equity of 10.03% and a negative net margin of 18.65%.The business had revenue of $76.40 million during the quarter, compared to analyst estimates of $77.37 million. Research analysts forecast that Eagle Bancorp, Inc. will post 1.79 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, May 4th. Eagle Bancorp’s dividend payout ratio (DPR) is -1.06%.

Wall Street Analyst Weigh In

EGBN has been the subject of several recent research reports. Piper Sandler lifted their target price on shares of Eagle Bancorp from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Zacks Research lowered shares of Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Raymond James Financial started coverage on shares of Eagle Bancorp in a research note on Tuesday, April 14th. They set a “strong-buy” rating and a $32.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eagle Bancorp in a report on Friday, June 5th. Finally, Wall Street Zen upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.00.

Eagle Bancorp Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.