Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Acquired by Fourthstone LLC

Fourthstone LLC increased its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 382.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,276,653 shares of the financial services provider's stock after buying an additional 1,012,182 shares during the quarter. Eagle Bancorp makes up 6.5% of Fourthstone LLC's holdings, making the stock its 5th biggest position. Fourthstone LLC owned about 4.23% of Eagle Bancorp worth $33,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Eagle Bancorp by 69.5% during the 4th quarter. JPMorgan Chase & Co. now owns 268,214 shares of the financial services provider's stock worth $6,982,000 after purchasing an additional 109,960 shares in the last quarter. American Century Companies Inc. raised its stake in Eagle Bancorp by 14.7% during the 4th quarter. American Century Companies Inc. now owns 648,192 shares of the financial services provider's stock worth $16,872,000 after buying an additional 83,305 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Eagle Bancorp by 69.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 178,418 shares of the financial services provider's stock valued at $4,644,000 after buying an additional 73,378 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $1,081,000. Finally, Angel Oak Capital Advisors LLC purchased a new position in Eagle Bancorp in the fourth quarter worth $1,057,000. Institutional investors own 78.03% of the company's stock.

Eagle Bancorp Price Performance

NASDAQ:EGBN traded up $0.49 on Tuesday, reaching $20.56. 119,997 shares of the company's stock traded hands, compared to its average volume of 326,283. The stock has a 50-day simple moving average of $21.55 and a 200-day simple moving average of $24.79. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $30.94. The firm has a market cap of $624.41 million, a PE ratio of -13.07 and a beta of 1.04. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. Equities research analysts forecast that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The company also recently announced 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. This represents a $0.66 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Friday, February 7th. Eagle Bancorp's dividend payout ratio (DPR) is -42.04%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EGBN shares. Keefe, Bruyette & Woods dropped their price target on shares of Eagle Bancorp from $32.00 to $30.00 and set a "market perform" rating on the stock in a research note on Monday, January 27th. Piper Sandler decreased their price objective on Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating on the stock in a report on Friday, January 24th.

Insider Transactions at Eagle Bancorp

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 stock was acquired at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.10% of the company's stock.

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.