Gamco Investors INC. ET AL Decreases Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Gamco Investors INC. ET AL decreased its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 278,750 shares of the financial services provider's stock after selling 26,800 shares during the period. Gamco Investors INC. ET AL owned 0.92% of Eagle Bancorp worth $7,256,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in Eagle Bancorp by 84.9% in the 3rd quarter. FMR LLC now owns 4,785 shares of the financial services provider's stock worth $108,000 after acquiring an additional 2,197 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Eagle Bancorp by 4.3% in the third quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider's stock worth $247,000 after purchasing an additional 450 shares in the last quarter. Jane Street Group LLC raised its position in shares of Eagle Bancorp by 63.9% in the third quarter. Jane Street Group LLC now owns 71,703 shares of the financial services provider's stock valued at $1,619,000 after purchasing an additional 27,942 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Eagle Bancorp during the 3rd quarter valued at approximately $285,000. Finally, Barclays PLC boosted its holdings in Eagle Bancorp by 29.4% in the 3rd quarter. Barclays PLC now owns 75,120 shares of the financial services provider's stock worth $1,695,000 after buying an additional 17,051 shares during the period. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Piper Sandler lowered their target price on shares of Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods decreased their price objective on 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.

Eagle Bancorp Price Performance

NASDAQ:EGBN traded up $0.23 during mid-day trading on Tuesday, hitting $20.30. 99,524 shares of the stock traded hands, compared to its average volume of 326,163. The business's 50-day moving average price is $21.55 and its 200 day moving average price is $24.79. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The company has a market cap of $616.36 million, a PE ratio of -12.89 and a beta of 1.04. Eagle Bancorp, Inc. has a 12-month low of $15.99 and a 12-month high of $30.94.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly 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%. On average, analysts expect that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.25%. Eagle Bancorp's dividend payout ratio (DPR) is presently -42.04%.

Insider Transactions at Eagle Bancorp

In related news, CFO Eric R. Newell purchased 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, with a total value of $25,002.90. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by 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.