Vanguard Group Inc. Has $70.01 Million Stock Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Vanguard Group Inc. increased its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,689,423 shares of the financial services provider’s stock after acquiring an additional 35,255 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Eagle Bancorp worth $70,006,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EGBN. Geode Capital Management LLC lifted its position in Eagle Bancorp by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider’s stock valued at $16,254,000 after purchasing an additional 25,578 shares during the period. HighTower Advisors LLC lifted its holdings in Eagle Bancorp by 4.3% in the third quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider’s stock valued at $247,000 after buying an additional 450 shares during the period. Proficio Capital Partners LLC bought a new position in Eagle Bancorp in the fourth quarter valued at approximately $1,081,000. Oppenheimer & Co. Inc. acquired a new stake in Eagle Bancorp during the 4th quarter worth $212,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Eagle Bancorp by 934.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 26,346 shares of the financial services provider’s stock valued at $686,000 after acquiring an additional 23,800 shares during the last quarter. Institutional investors own 78.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EGBN shares. Keefe, Bruyette & Woods decreased 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 target price 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.

Eagle Bancorp Stock Down 5.2 %

Shares of NASDAQ:EGBN opened at $19.29 on Friday. The company has a 50 day moving average price of $22.43 and a two-hundred day moving average price of $24.91. The company has a market capitalization of $582.64 million, a PE ratio of -12.29 and a beta of 1.04. Eagle Bancorp, Inc. has a 52 week low of $15.99 and a 52 week high of $30.94. 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 issued its quarterly earnings data 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%. Analysts forecast that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The firm also recently disclosed 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. This represents a $0.66 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Friday, February 7th. Eagle Bancorp’s dividend payout ratio (DPR) is presently -42.04%.

Insider Activity at Eagle Bancorp

In related news, CFO Eric R. Newell purchased 1,170 shares of Eagle Bancorp stock in a transaction dated Friday, March 7th. The stock was bought 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 directly owns 28,733 shares of the company’s stock, valued at $614,024.21. This represents a 4.24 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by insiders.

About Eagle Bancorp

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.