Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its position in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 19.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 162,286 shares of the financial services provider's stock after selling 38,954 shares during the quarter. Two Sigma Investments LP owned approximately 0.54% of Eagle Bancorp worth $4,224,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of Eagle Bancorp by 353.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider's stock worth $26,000 after acquiring an additional 775 shares during the last quarter. R Squared Ltd purchased a new stake in Eagle Bancorp in the fourth quarter valued at approximately $51,000. Millstone Evans Group LLC purchased a new stake in Eagle Bancorp in the fourth quarter valued at approximately $59,000. Russell Investments Group Ltd. boosted its position in Eagle Bancorp by 42.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider's stock valued at $82,000 after buying an additional 933 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in Eagle Bancorp in the fourth quarter valued at approximately $212,000. Hedge funds and other institutional investors own 78.03% of the company's stock.

Insider Activity

In other Eagle Bancorp news, CFO Eric R. Newell bought 1,170 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the transaction, the chief financial officer now directly owns 28,733 shares of the company's stock, valued at approximately $614,024.21. This represents a 4.24% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.39% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on EGBN. Piper Sandler dropped their target price 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 dropped their target price on Eagle Bancorp from $25.00 to $22.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Finally, Jefferies Financial Group set a $20.00 target price on Eagle Bancorp and gave the company a "hold" rating in a research report on Wednesday, May 21st.

Eagle Bancorp Stock Performance

Eagle Bancorp stock traded down $0.65 during mid-day trading on Monday, hitting $16.95. The company had a trading volume of 386,726 shares, compared to its average volume of 328,430. 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, Inc. has a 12-month low of $15.99 and a 12-month high of $30.94. The company's fifty day moving average is $19.05 and its 200-day moving average is $23.22. The company has a market capitalization of $514.89 million, a price-to-earnings ratio of -10.80 and a beta of 1.02.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings data 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). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. The company had revenue of $73.86 million during the quarter, compared to analysts' expectations of $71.93 million. Equities research analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.89%. Eagle Bancorp's dividend payout ratio (DPR) is -44.00%.

Eagle Bancorp Profile

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.