Thrivent Financial for Lutherans Decreases Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Thrivent Financial for Lutherans trimmed its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 30.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,394 shares of the financial services provider's stock after selling 35,345 shares during the quarter. Thrivent Financial for Lutherans owned 0.27% of Eagle Bancorp worth $1,816,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EGBN. Point72 Asset Management L.P. bought a new position in shares of Eagle Bancorp during the second quarter worth about $35,000. GAMMA Investing LLC raised its holdings in Eagle Bancorp by 102.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the financial services provider's stock worth $55,000 after purchasing an additional 1,234 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Eagle Bancorp by 49.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider's stock worth $57,000 after purchasing an additional 846 shares during the period. Carmichael Hill & Associates Inc. boosted its stake in shares of Eagle Bancorp by 36.1% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 721 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Eagle Bancorp during the second quarter worth $89,000. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EGBN. Piper Sandler began coverage on shares of Eagle Bancorp in a report on Monday, October 21st. They issued a "neutral" rating and a $27.00 target price on the stock. StockNews.com raised shares of Eagle Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th.

Eagle Bancorp Stock Down 0.3 %

Shares of NASDAQ EGBN traded down $0.09 during trading on Friday, hitting $29.36. The stock had a trading volume of 166,767 shares, compared to its average volume of 313,657. The firm has a fifty day moving average of $25.72 and a two-hundred day moving average of $21.85. The company has a market capitalization of $886.67 million, a PE ratio of -21.04 and a beta of 1.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $31.97.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.45 by $0.27. The firm had revenue of $180.76 million for 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 firm earned $0.91 EPS. As a group, equities research analysts forecast that Eagle Bancorp, Inc. will post 1.68 EPS for the current fiscal year.

Eagle Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 21st were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Monday, October 21st. Eagle Bancorp's dividend payout ratio is presently -47.14%.

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.