Arrowstreet Capital Limited Partnership Boosts Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Arrowstreet Capital Limited Partnership boosted its position in Eagle Bancorp, Inc. ( NASDAQ:EGBN – Free Report ) by 69.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC.

The fund owned 178,418 shares of the financial services provider’s stock after purchasing an additional 73,378 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.59% of Eagle Bancorp worth $4,644,000 as of its most recent SEC filing.



A number of other large investors have also made changes to their positions in the company. FMR LLC grew its position in Eagle Bancorp by 84.9% during the third quarter.

FMR LLC now owns 4,785 shares of the financial services provider’s stock valued at $108,000 after buying an additional 2,197 shares during the period. BNP Paribas Financial Markets grew its position in shares of Eagle Bancorp by 41.6% during the 3rd quarter.

BNP Paribas Financial Markets now owns 55,627 shares of the financial services provider’s stock valued at $1,256,000 after acquiring an additional 16,338 shares during the period. HighTower Advisors LLC grew its position in shares of Eagle Bancorp by 4.3% during the 3rd quarter.

HighTower Advisors LLC now owns 10,977 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 450 shares during the period. Point72 Asset Management L.P.

increased its stake in shares of Eagle Bancorp by 479.4% in the 3rd quarter. Point72 Asset Management L.

P. now owns 10,800 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 8,936 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in Eagle Bancorp in the 3rd quarter worth $48,000.

78.03% of the stock is currently owned by institutional investors. Eagle Bancorp Price Performance NASDAQ:EGBN opened at $19.

16 on Tuesday. The business’s 50-day simple moving average is $23.06 and its two-hundred day simple moving average is $25.

04. Eagle Bancorp, Inc. has a 52 week low of $15.

99 and a 52 week high of $30.94. The stock has a market cap of $578.

71 million, a PE ratio of -12.20 and a beta of 1.04.

The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.

06. Eagle Bancorp Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given 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 3.44%. Eagle Bancorp’s dividend payout ratio is -42.

04%. Analyst Upgrades and Downgrades EGBN has been the subject of a number of analyst reports. Piper Sandler reduced their price target on Eagle Bancorp from $31.

00 to $27.50 and set a “neutral” rating for the company in a research report on Friday, January 24th. Keefe, Bruyette & Woods decreased their target price on shares of Eagle Bancorp from $32.

00 to $30.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th. View Our Latest Stock Report on Eagle Bancorp Insider Activity at Eagle Bancorp In other news, CFO Eric R.

Newell acquired 1,170 shares of the business’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 transaction, the chief financial officer now directly owns 28,733 shares in the company, valued at approximately $614,024.21.

This trade represents a 4.24 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .

3.10% of the stock is currently owned by corporate insiders. About Eagle Bancorp ( Free Report ) 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. See Also Want to see what other hedge funds are holding EGBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Bancorp, Inc.

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