Eagle Bancorp, Inc. (NASDAQ:EGBN) Stake Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 90.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,500 shares of the financial services provider's stock after selling 23,846 shares during the quarter. Nisa Investment Advisors LLC's holdings in Eagle Bancorp were worth $52,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EGBN. Vanguard Group Inc. raised its position in Eagle Bancorp by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,689,423 shares of the financial services provider's stock worth $70,006,000 after acquiring an additional 35,255 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Eagle Bancorp by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,571,976 shares of the financial services provider's stock valued at $40,919,000 after purchasing an additional 63,702 shares during the period. Fourthstone LLC boosted its stake in shares of Eagle Bancorp by 382.7% in the fourth quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider's stock valued at $33,231,000 after purchasing an additional 1,012,182 shares during the period. North Reef Capital Management LP boosted its stake in shares of Eagle Bancorp by 251.9% in the fourth quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider's stock valued at $25,186,000 after purchasing an additional 692,593 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Eagle Bancorp by 14.7% in the fourth quarter. American Century Companies Inc. now owns 648,192 shares of the financial services provider's stock valued at $16,872,000 after purchasing an additional 83,305 shares during the period. Institutional investors own 78.03% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Eagle Bancorp from a "sell" rating to a "hold" rating in a report on Friday. Keefe, Bruyette & Woods reduced their target price 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. Janney Montgomery Scott raised shares of 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. Jefferies Financial Group set a $20.00 target price on shares of Eagle Bancorp and gave the company a "hold" rating in a report on Wednesday, May 21st. Finally, Piper Sandler reduced their target price on shares of Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $21.75.

Eagle Bancorp Stock Down 0.5%

NASDAQ:EGBN traded down $0.10 during trading hours on Tuesday, hitting $21.35. The stock had a trading volume of 357,659 shares, compared to its average volume of 334,746. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a 1-year low of $16.68 and a 1-year high of $30.94. The business has a 50 day simple moving average of $18.81 and a two-hundred day simple moving average of $21.07. The company has a market cap of $648.61 million, a PE ratio of -14.23 and a beta of 1.05.

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 for the quarter, missing analysts' consensus estimates of $0.46 by ($0.40). Eagle Bancorp had a positive return on equity of 4.86% and a negative net margin of 6.52%. The company had revenue of $73.86 million for the quarter, compared to analyst estimates of $71.93 million. Analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

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.