Two Sigma Advisers LP Has $3.07 Million Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Two Sigma Advisers LP reduced its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 22.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,100 shares of the financial services provider's stock after selling 34,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.39% of Eagle Bancorp worth $3,074,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of Eagle Bancorp in the 4th quarter worth approximately $1,081,000. Oppenheimer & Co. Inc. bought a new position in Eagle Bancorp in the 4th quarter worth approximately $212,000. Nisa Investment Advisors LLC raised its position in Eagle Bancorp by 934.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 26,346 shares of the financial services provider's stock worth $686,000 after purchasing an additional 23,800 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Eagle Bancorp by 353.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock worth $26,000 after purchasing an additional 775 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Eagle Bancorp in the 4th quarter worth approximately $515,000. 78.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EGBN shares. Jefferies Financial Group set a $20.00 price objective on shares of Eagle Bancorp and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Piper Sandler dropped their price objective on shares of Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating for the company in a research report on Monday, April 28th.

Eagle Bancorp Trading Up 0.1%

Shares of Eagle Bancorp stock traded up $0.02 on Friday, hitting $17.62. 342,853 shares of the company's stock traded hands, compared to its average volume of 328,197. The firm's 50-day moving average price is $19.13 and its two-hundred day moving average price is $23.34. The stock has a market capitalization of $535.24 million, a PE ratio of -11.22 and a beta of 1.02. Eagle Bancorp, Inc. has a one year low of $15.99 and a one year high of $30.94. 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 (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%. On average, research analysts expect that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

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

Insider Activity at Eagle Bancorp

In other news, CFO Eric R. Newell bought 1,170 shares of the stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the acquisition, the chief financial officer now owns 28,733 shares in the company, valued at approximately $614,024.21. This trade represents a 4.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is owned by corporate insiders.

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.