Nisa Investment Advisors LLC Raises Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Nisa Investment Advisors LLC increased its position in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 934.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,346 shares of the financial services provider's stock after buying an additional 23,800 shares during the quarter. Nisa Investment Advisors LLC owned 0.09% of Eagle Bancorp worth $686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EGBN. Dimensional Fund Advisors LP lifted its position in Eagle Bancorp by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,440 shares of the financial services provider's stock worth $26,637,000 after buying an additional 169,621 shares during the last quarter. Renaissance Technologies LLC lifted its position in Eagle Bancorp by 401.1% in the 2nd quarter. Renaissance Technologies LLC now owns 105,636 shares of the financial services provider's stock worth $1,997,000 after buying an additional 84,556 shares during the last quarter. Sei Investments Co. lifted its position in Eagle Bancorp by 50.4% in the 2nd quarter. Sei Investments Co. now owns 25,857 shares of the financial services provider's stock worth $489,000 after buying an additional 8,662 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Eagle Bancorp by 39.9% in the second quarter. Thrivent Financial for Lutherans now owns 115,739 shares of the financial services provider's stock valued at $2,188,000 after purchasing an additional 33,021 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in Eagle Bancorp by 6.9% in the second quarter. Public Sector Pension Investment Board now owns 66,421 shares of the financial services provider's stock valued at $1,255,000 after purchasing an additional 4,316 shares during the last quarter. Institutional investors own 78.03% of the company's stock.

Eagle Bancorp Trading Up 0.6 %

Shares of Eagle Bancorp stock traded up $0.16 during midday trading on Friday, reaching $26.21. 268,605 shares of the company's stock traded hands, compared to its average volume of 212,787. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. The company has a market cap of $791.54 million, a PE ratio of -16.69 and a beta of 1.10. The stock has a 50 day moving average of $26.79 and a 200-day moving average of $24.48. 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 announced its earnings results 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%. As a group, equities analysts expect that Eagle Bancorp, Inc. will post 2.44 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.52%. Eagle Bancorp's dividend payout ratio is presently -42.04%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EGBN. Keefe, Bruyette & Woods lowered their price objective on Eagle Bancorp from $32.00 to $30.00 and set a "market perform" rating for the company in a research report on Monday, January 27th. Piper Sandler lowered their price objective on Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating for the company in a research report on Friday, January 24th. Finally, StockNews.com upgraded Eagle Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th.

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.