Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 18.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,219 shares of the financial services provider's stock after selling 32,741 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of Eagle Bancorp worth $3,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EGBN. Dimensional Fund Advisors LP raised its holdings 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 valued at $26,637,000 after acquiring an additional 169,621 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Eagle Bancorp by 3.7% in the third quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider's stock valued at $16,254,000 after purchasing an additional 25,578 shares during the last quarter. AQR Capital Management LLC lifted its position in Eagle Bancorp by 53.2% during the second quarter. AQR Capital Management LLC now owns 539,186 shares of the financial services provider's stock worth $10,191,000 after buying an additional 187,249 shares in the last quarter. American Century Companies Inc. boosted its stake in Eagle Bancorp by 16.5% during the second quarter. American Century Companies Inc. now owns 510,770 shares of the financial services provider's stock worth $9,654,000 after buying an additional 72,415 shares during the last quarter. Finally, Fourthstone LLC purchased a new stake in Eagle Bancorp in the 3rd quarter valued at $5,972,000. Hedge funds and other institutional investors own 78.03% of the company's stock.

Eagle Bancorp Trading Up 1.0 %

Shares of NASDAQ:EGBN traded up $0.25 during midday trading on Friday, reaching $25.50. 323,650 shares of the company's stock were exchanged, compared to its average volume of 245,925. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $770.15 million, a price-to-earnings ratio of -18.21 and a beta of 1.10. The firm's 50 day simple moving average is $27.98 and its two-hundred day simple moving average is $23.59. 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 posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.27. The firm had revenue of $180.76 million during the quarter, compared to analysts' expectations of $80.31 million. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%. During the same quarter last year, the company posted $0.91 EPS. As a group, sell-side analysts forecast that Eagle Bancorp, Inc. will post 1.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EGBN. StockNews.com raised shares of Eagle Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Piper Sandler began coverage on shares of Eagle Bancorp in a research note on Monday, October 21st. They issued a "neutral" rating and a $27.00 price target for the company. Finally, Keefe, Bruyette & Woods raised their price target on shares of Eagle Bancorp from $25.00 to $32.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th.

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.