Squarepoint Ops LLC Cuts Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Squarepoint Ops LLC lowered its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,032 shares of the financial services provider's stock after selling 16,879 shares during the quarter. Squarepoint Ops LLC owned 0.27% of Eagle Bancorp worth $2,083,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EGBN. 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 valued at $26,000 after purchasing an additional 775 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Eagle Bancorp during the fourth quarter worth about $51,000. Millstone Evans Group LLC acquired a new position in shares of Eagle Bancorp during the fourth quarter valued at approximately $59,000. 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 purchasing an additional 933 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $212,000. 78.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Eagle Bancorp news, CFO Eric R. Newell bought 1,170 shares of Eagle Bancorp stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $21.37 per share, with a total value of $25,002.90. Following the completion of the acquisition, the chief financial officer now owns 28,733 shares of the company's stock, valued at approximately $614,024.21. This represents a 4.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Eagle Bancorp Stock Up 0.1%

Shares of Eagle Bancorp stock traded up $0.02 on Friday, reaching $17.62. 342,853 shares of the company were exchanged, compared to its average volume of 328,003. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. Eagle Bancorp, Inc. has a 1-year low of $15.99 and a 1-year high of $30.94. The company has a market cap of $535.24 million, a P/E ratio of -11.22 and a beta of 1.02. The stock's 50 day moving average price is $19.13 and its 200-day moving average price is $23.38.

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

Eagle Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Monday, May 5th. Eagle Bancorp's payout ratio is -44.00%.

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.