19,800 Shares in Eagle Bancorp, Inc. (NASDAQ:EGBN) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,800 shares of the financial services provider's stock, valued at approximately $515,000. KLP Kapitalforvaltning AS owned approximately 0.07% of Eagle Bancorp at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of Eagle Bancorp by 14.7% in the 4th quarter. American Century Companies Inc. now owns 648,192 shares of the financial services provider's stock valued at $16,872,000 after purchasing an additional 83,305 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Eagle Bancorp by 44.5% during the third quarter. JPMorgan Chase & Co. now owns 158,254 shares of the financial services provider's stock worth $3,573,000 after buying an additional 48,749 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Eagle Bancorp in the fourth quarter valued at approximately $1,081,000. Angel Oak Capital Advisors LLC bought a new position in Eagle Bancorp in the fourth quarter valued at approximately $1,057,000. Finally, Semanteon Capital Management LP acquired a new stake in Eagle Bancorp during the 4th quarter worth $1,018,000. Institutional investors own 78.03% of the company's stock.

Eagle Bancorp Trading Down 0.1 %

NASDAQ EGBN traded down $0.02 during trading on Tuesday, reaching $19.14. 367,551 shares of the stock traded hands, compared to its average volume of 321,210. The stock's 50-day moving average price is $22.79 and its 200 day moving average price is $24.97. 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 firm has a market cap of $578.10 million, a price-to-earnings ratio of -12.19 and a beta of 1.04. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates 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%. Analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.165 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.66 annualized dividend and a dividend yield of 3.45%. Eagle Bancorp's dividend payout ratio (DPR) is currently -42.04%.

Insider Transactions at Eagle Bancorp

In other Eagle Bancorp news, CFO Eric R. Newell acquired 1,170 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $21.37 per share, for a total transaction of $25,002.90. Following the transaction, the chief financial officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EGBN has been the topic of several recent research reports. Piper Sandler reduced their price target on 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 cut their target price 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 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.