Eagle Bancorp, Inc. (NASDAQ:EGBN) Stock Holdings Trimmed by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 41.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,086 shares of the financial services provider’s stock after selling 5,783 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Eagle Bancorp were worth $210,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Eagle Bancorp by 84.9% in the 3rd 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. HighTower Advisors LLC lifted 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 worth $247,000 after buying an additional 450 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of 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 valued at $244,000 after acquiring an additional 8,936 shares during the period. Quantinno Capital Management LP acquired a new position in Eagle Bancorp in the third quarter valued at about $238,000. Finally, Jane Street Group LLC boosted its holdings in shares of Eagle Bancorp by 63.9% in the 3rd quarter. Jane Street Group LLC now owns 71,703 shares of the financial services provider’s stock worth $1,619,000 after acquiring an additional 27,942 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Eric R. Newell acquired 1,170 shares of Eagle Bancorp stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $21.37 per share, with a total value of $25,002.90. Following the completion of 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EGBN. Piper Sandler reduced their target price 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. Keefe, Bruyette & Woods decreased their target price 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 Price Performance

NASDAQ:EGBN opened at $20.35 on Thursday. Eagle Bancorp, Inc. has a 52 week low of $15.99 and a 52 week high of $30.94. The firm’s 50-day simple moving average is $22.55 and its 200 day simple moving average is $24.93. The firm has a market cap of $614.65 million, a price-to-earnings ratio of -12.96 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 (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, sell-side analysts predict that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 3.24%. Eagle Bancorp’s payout ratio is -42.04%.

Eagle Bancorp 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.