D. E. Shaw & Co. Inc. Sells 96,654 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

D. E. Shaw & Co. Inc. trimmed its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 54.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,418 shares of the financial services provider's stock after selling 96,654 shares during the period. D. E. Shaw & Co. Inc. owned about 0.27% of Eagle Bancorp worth $2,145,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in Eagle Bancorp in the fourth quarter valued at approximately $1,081,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Eagle Bancorp during the fourth quarter worth approximately $212,000. Nisa Investment Advisors LLC raised its stake in shares of Eagle Bancorp by 934.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 26,346 shares of the financial services provider's stock worth $686,000 after purchasing an additional 23,800 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Eagle Bancorp by 353.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock worth $26,000 after purchasing an additional 775 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Eagle Bancorp during the fourth quarter worth approximately $515,000. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Eric R. Newell bought 1,170 shares of the firm's stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $21.37 per share, with a total value of $25,002.90. Following the completion of the transaction, the chief financial officer now directly owns 28,733 shares of the company's stock, valued at $614,024.21. This trade represents a 4.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.39% of the company's stock.

Eagle Bancorp Stock Performance

Eagle Bancorp stock traded down $0.06 during mid-day trading on Friday, reaching $17.47. The company's stock had a trading volume of 209,796 shares, compared to its average volume of 329,998. The firm has a market cap of $530.69 million, a price-to-earnings ratio of -11.13 and a beta of 1.02. The business has a 50 day moving average price of $19.55 and a 200-day moving average price of $23.78. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a twelve month low of $15.99 and a twelve month high of $30.94.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its quarterly earnings data 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). 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 analyst estimates of $71.93 million. Sell-side analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were issued a $0.165 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.66 dividend on an annualized basis and a yield of 3.78%. Eagle Bancorp's dividend payout ratio is currently -44.00%.

Wall Street Analysts Forecast Growth

EGBN has been the subject of several research analyst reports. Jefferies Financial Group set a $20.00 price objective on Eagle Bancorp and gave the stock a "hold" rating in a research report on Wednesday. Keefe, Bruyette & Woods cut 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 report on Monday, April 28th. Finally, Piper Sandler dropped their price objective on shares of Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th.

About Eagle Bancorp

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.