Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 69.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,878 shares of the financial services provider's stock after purchasing an additional 12,620 shares during the period. Intech Investment Management LLC owned approximately 0.10% of Eagle Bancorp worth $804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC increased its stake in shares of Eagle Bancorp by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider's stock worth $639,000 after acquiring an additional 1,340 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Eagle Bancorp by 328.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,741 shares of the financial services provider's stock valued at $1,394,000 after purchasing an additional 47,327 shares during the period. Algert Global LLC increased its position in Eagle Bancorp by 146.4% during the third quarter. Algert Global LLC now owns 154,462 shares of the financial services provider's stock worth $3,488,000 after purchasing an additional 91,782 shares during the last quarter. FMR LLC raised its stake in Eagle Bancorp by 84.9% during the third quarter. FMR LLC now owns 4,785 shares of the financial services provider's stock worth $108,000 after purchasing an additional 2,197 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Eagle Bancorp by 41.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 55,627 shares of the financial services provider's stock valued at $1,256,000 after purchasing an additional 16,338 shares during the last quarter. Institutional investors and hedge funds own 78.03% of the company's stock.

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Eagle Bancorp Trading Up 0.0 %

Shares of EGBN traded up $0.01 during trading on Thursday, reaching $21.39. 331,214 shares of the company traded hands, compared to its average volume of 297,244. The stock has a 50-day simple moving average of $23.79 and a 200-day simple moving average of $25.09. The stock has a market cap of $646.06 million, a PE ratio of -13.62 and a beta of 1.08. Eagle Bancorp, Inc. has a twelve month low of $15.99 and a twelve month high of $30.94. 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 posted 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 negative net margin of 6.65% and a positive return on equity of 4.68%. On average, analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.165 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.66 annualized dividend and a dividend yield of 3.09%. Eagle Bancorp's dividend payout ratio is presently -42.04%.

Insider Buying and Selling

In other news, CFO Eric R. Newell bought 1,170 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 28,733 shares in the company, valued at $614,024.21. The trade was a 4.24 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Eagle Bancorp Company 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.