Balyasny Asset Management L.P. Increases Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Balyasny Asset Management L.P. boosted its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 44.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,531 shares of the financial services provider’s stock after purchasing an additional 7,520 shares during the period. Balyasny Asset Management L.P. owned about 0.08% of Eagle Bancorp worth $639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Eagle Bancorp by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 2,689,423 shares of the financial services provider’s stock worth $70,006,000 after purchasing an additional 35,255 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Eagle Bancorp by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,571,976 shares of the financial services provider’s stock valued at $40,919,000 after buying an additional 63,702 shares in the last quarter. Fourthstone LLC lifted its position in shares of Eagle Bancorp by 382.7% during the 4th quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider’s stock valued at $33,231,000 after buying an additional 1,012,182 shares in the last quarter. North Reef Capital Management LP lifted its position in shares of Eagle Bancorp by 251.9% during the 4th quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider’s stock valued at $25,186,000 after buying an additional 692,593 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Eagle Bancorp by 14.7% during the 4th quarter. American Century Companies Inc. now owns 648,192 shares of the financial services provider’s stock valued at $16,872,000 after buying an additional 83,305 shares in the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Stock Down 0.7%

Shares of EGBN opened at $19.12 on Friday. The business’s 50 day moving average is $19.90 and its 200 day moving average is $24.11. The company has a market capitalization of $580.81 million, a PE ratio of -12.18 and a beta of 1.02. Eagle Bancorp, Inc. has a 12-month low of $15.99 and a 12-month high of $30.94. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.40). The business had revenue of $73.86 million for the quarter, compared to the consensus estimate of $71.93 million. Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. Research analysts expect that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Monday, May 5th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Monday, May 5th. Eagle Bancorp’s dividend payout ratio (DPR) is presently -44.00%.

Insider Activity at Eagle Bancorp

In other news, CFO Eric R. Newell acquired 1,170 shares of Eagle Bancorp stock in a transaction on Friday, March 7th. The shares were acquired at an average price of $21.37 per share, with a total value of $25,002.90. Following the purchase, the chief financial officer now directly owns 28,733 shares in the company, valued at $614,024.21. The trade was a 4.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. Piper Sandler lowered their price objective on Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th.

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.