D. E. Shaw & Co. Inc. Has $2.15 Million Stake in Eagle Bancorp, Inc. (NASDAQ:EGBN)

D. E. Shaw & Co. Inc. cut its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 54.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 0.27% of Eagle Bancorp worth $2,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EGBN. LPL Financial LLC grew its holdings in Eagle Bancorp by 2.4% during the fourth quarter. LPL Financial LLC now owns 20,246 shares of the financial services provider's stock worth $527,000 after purchasing an additional 467 shares during the period. Ieq Capital LLC boosted its stake in shares of Eagle Bancorp by 3.3% during the 4th quarter. Ieq Capital LLC now owns 20,724 shares of the financial services provider's stock worth $539,000 after acquiring an additional 667 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Eagle Bancorp by 353.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock worth $26,000 after acquiring an additional 775 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Eagle Bancorp by 42.0% in the 4th quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 933 shares during the period. Finally, Heritage Investors Management Corp raised its stake in Eagle Bancorp by 6.1% in the 4th quarter. Heritage Investors Management Corp now owns 29,978 shares of the financial services provider's stock valued at $780,000 after acquiring an additional 1,712 shares during the period. 78.03% of the stock is owned by institutional investors.

Insider Transactions at Eagle Bancorp

In other news, CFO Eric R. Newell acquired 1,170 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was acquired 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.39% of the company's stock.

Eagle Bancorp Stock Performance

EGBN stock traded down $0.06 during trading hours on Monday, hitting $17.47. 209,796 shares of the stock were exchanged, compared to its average volume of 330,239. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $30.94. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $530.69 million, a P/E ratio of -11.13 and a beta of 1.02. The company has a 50-day simple moving average of $19.46 and a two-hundred day simple moving average of $23.63.

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

Eagle Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were given a dividend of $0.165 per share. The ex-dividend date was Monday, May 5th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.78%. Eagle Bancorp's payout ratio is presently -44.00%.

Analyst Upgrades and Downgrades

EGBN has been the topic of several research reports. Jefferies Financial Group set a $20.00 price objective on shares of Eagle Bancorp and gave the company a "hold" rating in a report on Wednesday, May 21st. Piper Sandler reduced their target price on shares of Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating for the company in a 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 report on Monday, April 28th.

Eagle Bancorp 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.