1 week Ago By Defense World Staff
Vanguard Group Inc. raised its position in Eagle Bancorp, Inc. (NASDAQ:EGBN – Free Report) by 1.
3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,689,423 shares of the financial services provider’s stock after acquiring an additional 35,255 shares during the period. Vanguard Group Inc.
owned about 8.91% of Eagle Bancorp worth $70,006,000 as of its most recent SEC filing. A number of other hedge funds also recently modified their holdings of EGBN.
Smartleaf Asset Management LLC lifted its position in Eagle Bancorp by 353.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 775 shares during the period.
R Squared Ltd bought a new position in shares of Eagle Bancorp during the 4th quarter worth about $51,000. Millstone Evans Group LLC acquired a new stake in shares of Eagle Bancorp during the 4th quarter valued at about $59,000. GAMMA Investing LLC increased its stake in Eagle Bancorp by 45.
7% in the fourth quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 1,116 shares during the period. Finally, FMR LLC raised its position in Eagle Bancorp by 84.
9% in the third quarter. FMR LLC now owns 4,785 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 2,197 shares in the last quarter. Institutional investors own 78.
03% of the company’s stock. Insider Activity at Eagle BancorpIn related news, CFO Eric R. Newell acquired 1,170 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 28,733 shares of the company’s stock, valued at $614,024.21. The trade was 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 company insiders. Eagle Bancorp Price PerformanceNASDAQ:EGBN opened at $19.29 on Friday.
The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.
06. The firm has a market cap of $582.64 million, a PE ratio of -12.
29 and a beta of 1.04. Eagle Bancorp, Inc.
has a 12 month low of $15.99 and a 12 month high of $30.94.
The company’s 50-day moving average price is $22.43 and its two-hundred day moving average price is $24.91.
Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last announced its earnings results 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 anticipate that Eagle Bancorp, Inc.
will post 2.31 EPS for the current fiscal year. Eagle Bancorp Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Friday, February 21st.
Stockholders of record on Friday, February 7th were paid a $0.165 dividend. The ex-dividend date of this dividend was Friday, February 7th.
This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.42%.
Eagle Bancorp’s dividend payout ratio (DPR) is presently -42.04%. Analyst Upgrades and DowngradesA number of equities research analysts have weighed in on the company.
Piper Sandler decreased their price objective on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a report on Friday, January 24th.
Keefe, Bruyette & Woods decreased their price target on 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.
Check Out Our Latest Report on Eagle BancorpEagle Bancorp Profile (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.Further ReadingFive stocks we like better than Eagle BancorpValue Investing: Is it a Good Strategy in 2022? (Hint: Always)Joby Aviation: Operational Momentum vs.
Market SentimentWhat Does Downgrade Mean in Investing?Broadcom’s Big Outperformance Shows Strength Amid Tariff DeclineInsider Buying Explained: What Investors Need to KnowCarvana: Can Turnaround Strength Outdrive Market Headwinds?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. (NASDAQ:EGBN – Free Report).
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