Two Sigma Advisers LP Cuts Stake in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Two Sigma Advisers LP decreased its position in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 22.4% during the fourth quarter, according to the company in 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 period. 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 hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake 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 in the last quarter. R Squared Ltd bought a new position in Eagle Bancorp during the 4th quarter valued at about $51,000. Millstone Evans Group LLC bought a new position in Eagle Bancorp during the 4th quarter valued at about $59,000. Russell Investments Group Ltd. lifted its stake in Eagle Bancorp by 42.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 933 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in Eagle Bancorp during the 4th quarter valued at about $212,000. Institutional investors own 78.03% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Piper Sandler lowered their target price on shares of Eagle Bancorp from $25.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods lowered 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 research note on Monday, April 28th. Finally, Jefferies Financial Group set a $20.00 target price on shares of Eagle Bancorp and gave the company a "hold" rating in a research note on Wednesday, May 21st.

Insider Buying and Selling

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

Eagle Bancorp Stock Performance

Shares of NASDAQ:EGBN traded up $0.28 during trading on Thursday, hitting $17.60. The company's stock had a trading volume of 208,174 shares, compared to its average volume of 328,305. The company has a 50-day moving average of $19.30 and a 200-day moving average of $23.55. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month 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. The firm has a market cap of $534.64 million, a price-to-earnings ratio of -11.21 and a beta of 1.02.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share 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 during the quarter, compared to the consensus estimate of $71.93 million. On average, sell-side analysts expect that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were paid a $0.165 dividend. 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 dividend payout ratio (DPR) is presently -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.