American Century Companies Inc. lifted its position in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 14.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 648,192 shares of the financial services provider's stock after acquiring an additional 83,305 shares during the period. American Century Companies Inc. owned approximately 2.15% of Eagle Bancorp worth $16,872,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in Eagle Bancorp by 353.9% in the fourth 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 period. Point72 DIFC Ltd acquired a new position in Eagle Bancorp in the third quarter valued at about $48,000. R Squared Ltd bought a new position in shares of Eagle Bancorp during the 4th quarter valued at about $51,000. Millstone Evans Group LLC acquired a new position in shares of Eagle Bancorp in the 4th quarter valued at approximately $59,000. Finally, GAMMA Investing LLC increased its stake in Eagle Bancorp by 45.7% during the 4th quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider's stock worth $93,000 after purchasing an additional 1,116 shares in the last quarter. Institutional investors own 78.03% of the company's stock.
Eagle Bancorp Stock Performance
Eagle Bancorp stock traded down $1.55 during midday trading on Thursday, reaching $19.86. 670,985 shares of the company's stock were exchanged, compared to its average volume of 315,250. The stock's 50-day simple moving average is $23.44 and its 200 day simple moving average is $25.09. The firm has a market cap of $599.85 million, a price-to-earnings ratio of -12.65 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. Eagle Bancorp, Inc. has a 52 week low of $15.99 and a 52 week high of $30.94.
Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. On average, analysts expect that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.
Eagle Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.165 per share. The ex-dividend date was Friday, February 7th. This represents a $0.66 annualized dividend and a yield of 3.32%. Eagle Bancorp's payout ratio is currently -42.04%.
Insider Activity at Eagle Bancorp
In other Eagle Bancorp news, CFO Eric R. Newell acquired 1,170 shares of the company's stock in a transaction on Friday, March 7th. The stock was acquired at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the purchase, the chief financial officer now directly owns 28,733 shares of the company's stock, valued at $614,024.21. This trade represents a 4.24 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages recently weighed in on EGBN. Piper Sandler reduced their target price on shares of Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating for the company in a research note on Friday, January 24th. Keefe, Bruyette & Woods reduced their price objective on shares of Eagle Bancorp from $32.00 to $30.00 and set a "market perform" rating for the company in a research note on Monday, January 27th.
Check Out Our Latest Research Report on Eagle Bancorp
About Eagle Bancorp
(
Free Report)
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.
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