Eagle Bancorp, Inc. (NASDAQ:EGBN) Stock Position Lessened by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC trimmed its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 50.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,259 shares of the financial services provider's stock after selling 100,911 shares during the period. Bridgeway Capital Management LLC owned about 0.33% of Eagle Bancorp worth $2,610,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EGBN. Balyasny Asset Management L.P. grew its position in Eagle Bancorp by 44.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 24,531 shares of the financial services provider's stock worth $639,000 after purchasing an additional 7,520 shares during the last quarter. Algert Global LLC lifted its stake in shares of Eagle Bancorp by 34.3% in the 4th quarter. Algert Global LLC now owns 207,508 shares of the financial services provider's stock worth $5,401,000 after acquiring an additional 53,046 shares during the period. Jane Street Group LLC lifted its stake in shares of Eagle Bancorp by 4.9% in the 4th quarter. Jane Street Group LLC now owns 75,235 shares of the financial services provider's stock worth $1,958,000 after acquiring an additional 3,532 shares during the period. PDT Partners LLC acquired a new stake in shares of Eagle Bancorp in the 4th quarter worth $276,000. Finally, Northern Trust Corp lifted its stake in shares of Eagle Bancorp by 6.1% in the 4th quarter. Northern Trust Corp now owns 317,422 shares of the financial services provider's stock worth $8,262,000 after acquiring an additional 18,298 shares during the period. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Price Performance

Eagle Bancorp stock traded up $0.82 during midday trading on Monday, reaching $19.25. The company's stock had a trading volume of 242,347 shares, compared to its average volume of 332,835. The firm has a market capitalization of $584.76 million, a PE ratio of -12.26 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94. The stock's 50 day simple moving average is $20.09 and its 200 day simple moving average is $24.28.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.40). The firm had revenue of $73.86 million for the quarter, compared to analyst estimates 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, equities research analysts forecast that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 5th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Monday, May 5th. Eagle Bancorp's dividend payout ratio (DPR) is -44.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Piper Sandler reduced their target price on Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods reduced their target price on Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating for the company in a report on Monday, April 28th.

Insider Buying and Selling at Eagle Bancorp

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

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.