Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,689,423 shares of the financial services provider's stock after buying an additional 35,255 shares during the period. Vanguard Group Inc. owned about 8.91% of Eagle Bancorp worth $70,006,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FMR LLC lifted its holdings in Eagle Bancorp by 84.9% in the third quarter. FMR LLC now owns 4,785 shares of the financial services provider's stock valued at $108,000 after acquiring an additional 2,197 shares during the period. HighTower Advisors LLC boosted its holdings in Eagle Bancorp by 4.3% during the third quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider's stock worth $247,000 after buying an additional 450 shares in the last quarter. Point72 Asset Management L.P. grew its position in Eagle Bancorp by 479.4% during the third quarter. Point72 Asset Management L.P. now owns 10,800 shares of the financial services provider's stock worth $244,000 after buying an additional 8,936 shares during the period. Quantinno Capital Management LP purchased a new position in Eagle Bancorp in the third quarter valued at about $238,000. Finally, Jane Street Group LLC lifted its position in shares of Eagle Bancorp by 63.9% during the 3rd quarter. Jane Street Group LLC now owns 71,703 shares of the financial services provider's stock valued at $1,619,000 after acquiring an additional 27,942 shares during the period. 78.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Eric R. Newell bought 1,170 shares of the stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $21.37 per share, with a total value of $25,002.90. Following the purchase, the chief financial officer now owns 28,733 shares of the company's stock, valued at approximately $614,024.21. The trade was a 4.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.10% of the company's stock.

Eagle Bancorp Price Performance

EGBN stock traded down $0.05 on Wednesday, reaching $19.93. The company had a trading volume of 34,175 shares, compared to its average volume of 322,982. The company's fifty day moving average is $22.00 and its 200 day moving average is $24.85. The company has a market cap of $601.81 million, a P/E ratio of -12.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. 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 issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, research analysts forecast that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.165 per share. The ex-dividend date was Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.31%. Eagle Bancorp's dividend payout ratio (DPR) is presently -42.04%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EGBN. Keefe, Bruyette & Woods dropped their price objective on Eagle Bancorp from $32.00 to $30.00 and set a "market perform" rating for the company in a research note 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 on the stock 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.