Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lessened its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 36.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,726 shares of the financial services provider's stock after selling 28,933 shares during the period. Trexquant Investment LP owned 0.17% of Eagle Bancorp worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. increased its position in Eagle Bancorp by 54.1% during the fourth quarter. Franklin Resources Inc. now owns 40,599 shares of the financial services provider's stock worth $1,057,000 after purchasing an additional 14,252 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Eagle Bancorp by 69.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 178,418 shares of the financial services provider's stock valued at $4,644,000 after buying an additional 73,378 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Eagle Bancorp by 69.5% during the 4th quarter. JPMorgan Chase & Co. now owns 268,214 shares of the financial services provider's stock worth $6,982,000 after buying an additional 109,960 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Eagle Bancorp by 16.9% during the 4th quarter. Prudential Financial Inc. now owns 47,146 shares of the financial services provider's stock valued at $1,227,000 after buying an additional 6,800 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Eagle Bancorp by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 2,689,423 shares of the financial services provider's stock valued at $70,006,000 after acquiring an additional 35,255 shares during the last quarter. Hedge funds and other institutional investors own 78.03% of the company's stock.

Eagle Bancorp Trading Up 3.2 %

Shares of EGBN stock traded up $0.61 during trading hours on Tuesday, hitting $20.02. The company had a trading volume of 34,612 shares, compared to its average volume of 323,061. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. The stock has a market capitalization of $604.77 million, a PE ratio of -12.77 and a beta of 1.04. The company's fifty day moving average is $22.14 and its 200 day moving average is $24.89. 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 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 positive return on equity of 4.68% and a negative net margin of 6.65%. Research analysts expect that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Friday, February 7th. Eagle Bancorp's dividend payout ratio is currently -42.04%.

Insiders Place Their Bets

In other Eagle Bancorp news, CFO Eric R. Newell acquired 1,170 shares of the company's stock in a transaction that occurred on 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 owns 28,733 shares of the company's stock, valued at approximately $614,024.21. This trade represents a 4.24 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on EGBN. Piper Sandler reduced their target price 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 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.

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.