Nisa Investment Advisors LLC reduced its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 90.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,500 shares of the financial services provider's stock after selling 23,846 shares during the period. Nisa Investment Advisors LLC's holdings in Eagle Bancorp were worth $52,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in EGBN. Proficio Capital Partners LLC acquired a new position in Eagle Bancorp during the fourth quarter worth $1,081,000. Amundi lifted its stake in Eagle Bancorp by 192.7% during the fourth quarter. Amundi now owns 15,121 shares of the financial services provider's stock worth $371,000 after purchasing an additional 9,955 shares in the last quarter. Intech Investment Management LLC lifted its stake in Eagle Bancorp by 69.1% during the fourth quarter. Intech Investment Management LLC now owns 30,878 shares of the financial services provider's stock worth $804,000 after purchasing an additional 12,620 shares in the last quarter. Semanteon Capital Management LP acquired a new position in Eagle Bancorp during the fourth quarter worth $1,018,000. Finally, Millstone Evans Group LLC acquired a new position in Eagle Bancorp during the fourth quarter worth $59,000. 78.03% of the stock is currently owned by institutional investors and hedge funds.
Eagle Bancorp Stock Performance
NASDAQ:EGBN traded up $0.07 during mid-day trading on Friday, reaching $21.47. The stock had a trading volume of 251,480 shares, compared to its average volume of 334,849. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $652.26 million, a price-to-earnings ratio of -14.31 and a beta of 1.05. Eagle Bancorp, Inc. has a twelve month low of $16.68 and a twelve month high of $30.94. The business has a 50 day simple moving average of $18.81 and a 200 day simple moving average of $21.10.
Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.40). Eagle Bancorp had a negative net margin of 6.52% and a positive return on equity of 4.86%. The company had revenue of $73.86 million for the quarter, compared to analyst estimates of $71.93 million. On average, analysts expect that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.
Eagle Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.66 annualized dividend and a dividend yield of 3.07%. Eagle Bancorp's dividend payout ratio is presently -44.00%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on EGBN. 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. 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. 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. Piper Sandler dropped their price objective on Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Wall Street Zen raised Eagle Bancorp from a "sell" rating to a "hold" rating in a report on Friday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $21.75.
View Our Latest Stock Analysis on Eagle Bancorp
About Eagle Bancorp
(
Free Report)
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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