Northern Trust Corp Purchases 18,298 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Northern Trust Corp boosted its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,422 shares of the financial services provider's stock after acquiring an additional 18,298 shares during the quarter. Northern Trust Corp owned 1.05% of Eagle Bancorp worth $8,262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fourthstone LLC grew its stake in Eagle Bancorp by 382.7% during the fourth quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider's stock worth $33,231,000 after buying an additional 1,012,182 shares during the last quarter. North Reef Capital Management LP grew its position in Eagle Bancorp by 251.9% during the 4th quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider's stock worth $25,186,000 after acquiring an additional 692,593 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Eagle Bancorp by 69.5% during the 4th quarter. JPMorgan Chase & Co. now owns 268,214 shares of the financial services provider's stock valued at $6,982,000 after purchasing an additional 109,960 shares in the last quarter. American Century Companies Inc. raised its position in Eagle Bancorp by 14.7% in the 4th 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 last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Eagle Bancorp by 69.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 178,418 shares of the financial services provider's stock valued at $4,644,000 after purchasing an additional 73,378 shares during the last quarter. 78.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Eagle Bancorp

In other news, CFO Eric R. Newell purchased 1,170 shares of Eagle Bancorp stock in a transaction dated Friday, March 7th. The shares were bought at an average cost 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 in the company, valued at $614,024.21. This trade represents a 4.24% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.39% of the company's stock.

Eagle Bancorp Trading Down 0.3%

Shares of EGBN traded down $0.06 on Friday, reaching $17.47. 209,796 shares of the company's stock were exchanged, compared to its average volume of 330,239. The business has a 50 day moving average price of $19.55 and a two-hundred day moving average price of $23.74. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $30.94. The stock 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 current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last issued its 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). The business had revenue of $73.86 million for the quarter, compared to the consensus estimate of $71.93 million. Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. Research analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The business 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 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 presently -44.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EGBN. Piper Sandler decreased their target price on Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Jefferies Financial Group set a $20.00 price target on shares of Eagle Bancorp and gave the stock a "hold" rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods decreased their price objective 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.

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.