Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 51.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 201,987 shares of the financial services provider's stock after selling 210,858 shares during the quarter. AQR Capital Management LLC owned about 0.67% of Eagle Bancorp worth $5,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Northern Trust Corp grew its position in Eagle Bancorp by 6.1% in the 4th quarter. Northern Trust Corp now owns 317,422 shares of the financial services provider's stock valued at $8,262,000 after buying an additional 18,298 shares during the last quarter. Aquatic Capital Management LLC increased its stake in shares of Eagle Bancorp by 432.3% during the fourth quarter. Aquatic Capital Management LLC now owns 10,646 shares of the financial services provider's stock worth $277,000 after acquiring an additional 8,646 shares during the period. North Reef Capital Management LP raised its holdings in Eagle Bancorp by 251.9% during the fourth quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider's stock worth $25,186,000 after purchasing an additional 692,593 shares in the last quarter. Alpine Global Management LLC acquired a new stake in Eagle Bancorp in the fourth quarter valued at about $358,000. Finally, State of Tennessee Department of Treasury boosted its holdings in Eagle Bancorp by 125.3% in the 4th quarter. State of Tennessee Department of Treasury now owns 18,095 shares of the financial services provider's stock valued at $471,000 after purchasing an additional 10,062 shares in the last quarter. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Price Performance

Shares of Eagle Bancorp stock traded up $0.11 during trading on Tuesday, hitting $19.36. 143,209 shares of the company were exchanged, compared to its average volume of 332,255. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94. 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 firm has a 50 day moving average price of $20.03 and a 200 day moving average price of $24.23. The stock has a market capitalization of $588.10 million, a price-to-earnings ratio of -12.33 and a beta of 1.02.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its quarterly earnings data 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). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. The company had revenue of $73.86 million for the quarter, compared to analysts' expectations of $71.93 million. On average, equities analysts expect that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.66 annualized dividend and a dividend yield of 3.41%. Eagle Bancorp's dividend payout ratio is presently -44.00%.

Insider Activity at Eagle Bancorp

In other news, CFO Eric R. Newell acquired 1,170 shares of Eagle Bancorp stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $21.37 per share, with a total value of $25,002.90. Following the purchase, the chief financial officer now directly owns 28,733 shares of the company's stock, valued at approximately $614,024.21. This trade represents a 4.24% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EGBN shares. Keefe, Bruyette & Woods decreased their price target on Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Piper Sandler decreased their target price on Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a research 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.