Royce & Associates LP Has $1.23 Million Stake in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Royce & Associates LP cut its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,322 shares of the financial services provider's stock after selling 12,781 shares during the period. Royce & Associates LP owned about 0.16% of Eagle Bancorp worth $1,232,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Empowered Funds LLC grew its stake in shares of Eagle Bancorp by 5.0% in the third quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider's stock worth $639,000 after purchasing an additional 1,340 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Eagle Bancorp in the 3rd quarter valued at about $230,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Eagle Bancorp by 328.3% in the 3rd 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 buying an additional 47,327 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Eagle Bancorp by 13.3% in the third quarter. Intech Investment Management LLC now owns 18,258 shares of the financial services provider's stock valued at $412,000 after buying an additional 2,142 shares during the period. Finally, Algert Global LLC raised its position in shares of 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 acquiring an additional 91,782 shares during the last quarter. 78.03% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, CFO Eric R. Newell acquired 1,170 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is owned by company insiders.

Eagle Bancorp Trading Down 1.5 %

NASDAQ EGBN traded down $0.34 during trading hours on Tuesday, hitting $21.64. 271,437 shares of the company's stock were exchanged, compared to its average volume of 296,958. The firm has a market cap of $653.61 million, a price-to-earnings ratio of -13.78 and a beta of 1.08. The stock has a 50-day simple moving average of $23.92 and a 200 day simple moving average of $25.11. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a 1-year low of $15.99 and a 1-year high of $30.94.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.50 EPS 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, equities analysts forecast that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, February 7th. Eagle Bancorp's payout ratio is -42.04%.

Analysts Set New Price Targets

EGBN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of 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 decreased their price objective on shares of Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating for the company in a research report on Friday, January 24th.

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.