Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,155 shares of the financial services provider's stock after selling 26,238 shares during the quarter. Ameriprise Financial Inc. owned about 0.53% of Eagle Bancorp worth $4,195,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in Eagle Bancorp by 934.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 26,346 shares of the financial services provider's stock valued at $686,000 after buying an additional 23,800 shares during the period. R Squared Ltd acquired a new position in shares of Eagle Bancorp in the fourth quarter worth about $51,000. Empowered Funds LLC lifted its stake in Eagle Bancorp by 95.0% during the fourth quarter. Empowered Funds LLC now owns 55,189 shares of the financial services provider's stock worth $1,437,000 after purchasing an additional 26,889 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of Eagle Bancorp in the fourth quarter valued at approximately $231,000. Finally, Rhumbline Advisers boosted its stake in Eagle Bancorp by 4.0% during the fourth quarter. Rhumbline Advisers now owns 99,351 shares of the financial services provider's stock valued at $2,586,000 after buying an additional 3,810 shares in the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EGBN has been the topic of several research analyst reports. Jefferies Financial Group set a $20.00 price target on Eagle Bancorp and gave the company a "hold" rating in a research report on Wednesday, May 21st. Piper Sandler dropped their price target 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. Finally, Keefe, Bruyette & Woods lowered their price target on shares of 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.

Eagle Bancorp Price Performance

Shares of EGBN remained flat at $17.60 during mid-day trading on Friday. The company's stock had a trading volume of 15,933 shares, compared to its average volume of 343,653. The stock's 50 day moving average price is $19.21 and its two-hundred day moving average price is $23.46. The company has a market capitalization of $534.64 million, a price-to-earnings ratio of -11.21 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 52-week low of $15.99 and a 52-week high of $30.94.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate 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%. As a group, research 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 announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were paid a $0.165 dividend. The ex-dividend date was Monday, May 5th. This represents a $0.66 annualized dividend and a yield of 3.75%. Eagle Bancorp's dividend payout ratio (DPR) is presently -44.00%.

Insiders Place Their Bets

In related news, CFO Eric R. Newell acquired 1,170 shares of Eagle Bancorp stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the completion of the transaction, the chief financial officer now owns 28,733 shares in the company, valued at $614,024.21. This represents a 4.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is owned by 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.