Dimensional Fund Advisors LP Purchases 63,702 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Dimensional Fund Advisors LP increased its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,571,976 shares of the financial services provider's stock after acquiring an additional 63,702 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.21% of Eagle Bancorp worth $40,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. First Trust Advisors LP grew its position in Eagle Bancorp by 15.3% during the fourth quarter. First Trust Advisors LP now owns 31,842 shares of the financial services provider's stock valued at $829,000 after buying an additional 4,231 shares during the period. Fourthstone LLC raised its holdings in shares of Eagle Bancorp by 382.7% in the 4th quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider's stock worth $33,231,000 after purchasing an additional 1,012,182 shares during the period. Sterling Capital Management LLC grew its holdings in Eagle Bancorp by 14,712.5% during the fourth quarter. Sterling Capital Management LLC now owns 15,405 shares of the financial services provider's stock valued at $401,000 after purchasing an additional 15,301 shares during the period. Russell Investments Group Ltd. increased its position in Eagle Bancorp by 42.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider's stock worth $82,000 after buying an additional 933 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Eagle Bancorp by 54.1% in the fourth quarter. Franklin Resources Inc. now owns 40,599 shares of the financial services provider's stock valued at $1,057,000 after buying an additional 14,252 shares during the period. Hedge funds and other institutional investors own 78.03% of the company's stock.

Eagle Bancorp Trading Down 0.4 %

Shares of NASDAQ EGBN traded down $0.07 during trading hours on Friday, hitting $18.35. The company's stock had a trading volume of 34,653 shares, compared to its average volume of 331,821. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $30.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. The business has a 50-day simple moving average of $20.17 and a 200-day simple moving average of $24.32. The stock has a market cap of $557.29 million, a price-to-earnings ratio of -11.69 and a beta of 1.02.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.40). The business had revenue of $73.86 million during the quarter, compared to analysts' expectations of $71.93 million. Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. On average, analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Monday, May 5th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Monday, May 5th. Eagle Bancorp's dividend payout ratio is currently -44.00%.

Insider Activity at Eagle Bancorp

In other news, CFO Eric R. Newell bought 1,170 shares of the stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the purchase, the chief financial officer now directly owns 28,733 shares in the company, valued at $614,024.21. This trade represents a 4.24 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on EGBN. Keefe, Bruyette & Woods cut their price objective on shares of Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Piper Sandler cut their price target on Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, April 28th.

Eagle Bancorp Company 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.