Deutsche Bank AG Cuts Position in Eagle Bancorp, Inc. $EGBN

Key Points

• Deutsche Bank AG has reduced its stake in Eagle Bancorp, Inc. by 48.8%, now holding 97,767 shares valued at approximately $2.05 million.
• In contrast, other institutional investors such as Russell Investments Group Ltd. and Oppenheimer & Co. Inc. have increased their positions in Eagle Bancorp during recent quarters.
• Eagle Bancorp recently declared a quarterly dividend of $0.165 per share, resulting in a 3.6% yield, amid analysts expecting the company to report an EPS of 2.31 for the current year.

Deutsche Bank AG decreased its position in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 48.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,767 shares of the financial services provider's stock after selling 93,191 shares during the quarter. Deutsche Bank AG owned 0.32% of Eagle Bancorp worth $2,053,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in shares of Eagle Bancorp by 42.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider's stock worth $82,000 after acquiring an additional 933 shares during the period. New York State Common Retirement Fund increased its position in shares of Eagle Bancorp by 13.2% during the first quarter. New York State Common Retirement Fund now owns 8,549 shares of the financial services provider's stock worth $180,000 after acquiring an additional 1,000 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Eagle Bancorp by 24.6% during the first quarter. Oppenheimer & Co. Inc. now owns 10,142 shares of the financial services provider's stock worth $213,000 after acquiring an additional 2,000 shares during the period. Graham Capital Management L.P. purchased a new stake in shares of Eagle Bancorp during the fourth quarter worth $220,000. Finally, Focus Partners Wealth purchased a new stake in shares of Eagle Bancorp during the fourth quarter worth $224,000. Hedge funds and other institutional investors own 78.03% of the company's stock.

Eagle Bancorp Stock Performance

NASDAQ EGBN opened at $18.24 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.85. Eagle Bancorp, Inc. has a 1 year low of $15.47 and a 1 year high of $30.94. The company has a market capitalization of $553.95 million, a PE ratio of -17.88 and a beta of 1.07. The company has a fifty day moving average of $18.63 and a two-hundred day moving average of $19.94.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported ($2.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($2.70). Eagle Bancorp had a negative net margin of 4.60% and a negative return on equity of 2.54%. The company had revenue of $74.19 million during the quarter, compared to analyst estimates of $73.03 million. As a group, analysts expect that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 8th. Eagle Bancorp's dividend payout ratio is currently -64.71%.

Analyst Upgrades and Downgrades

EGBN has been the topic of several recent analyst reports. Jefferies Financial Group set a $20.00 target price on Eagle Bancorp and gave the company a "hold" rating in a report on Wednesday, May 21st. Wall Street Zen lowered Eagle Bancorp from a "hold" rating to a "strong sell" rating in a report on Saturday, July 26th. Janney Montgomery Scott raised Eagle Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 target price on the stock in a report on Tuesday, June 10th. Keefe, Bruyette & Woods dropped their target price on 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 target price on Eagle Bancorp from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $21.00.

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.

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