SG Americas Securities LLC decreased its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Rating) by 74.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,700 shares of the financial services provider’s stock after selling 22,146 shares during the quarter. SG Americas Securities LLC’s holdings in Eagle Bancorp were worth $439,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Eagle Bancorp by 35.0% in the 4th quarter. American Century Companies Inc. now owns 108,502 shares of the financial services provider’s stock valued at $6,330,000 after buying an additional 28,124 shares during the period. New York State Teachers Retirement System lifted its holdings in Eagle Bancorp by 19.5% during the first quarter. New York State Teachers Retirement System now owns 18,358 shares of the financial services provider’s stock worth $1,047,000 after acquiring an additional 3,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Eagle Bancorp by 9.8% in the fourth quarter. Geode Capital Management LLC now owns 548,878 shares of the financial services provider’s stock worth $32,021,000 after acquiring an additional 48,783 shares in the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of Eagle Bancorp during the fourth quarter worth about $76,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Eagle Bancorp during the 4th quarter valued at about $1,521,000. Institutional investors and hedge funds own 73.83% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 22nd.
Eagle Bancorp Price Performance
Shares of NASDAQ EGBN opened at $47.72 on Friday. The company has a fifty day moving average price of $47.52 and a 200 day moving average price of $53.12. The firm has a market cap of $1.53 billion, a PE ratio of 9.82 and a beta of 0.94. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a 1-year low of $44.85 and a 1-year high of $63.84.
Eagle Bancorp (NASDAQ:EGBN – Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.37). The firm had revenue of $88.48 million for the quarter, compared to analyst estimates of $91.00 million. Eagle Bancorp had a return on equity of 12.98% and a net margin of 39.92%. During the same period in the prior year, the company earned $1.50 earnings per share. Research analysts predict that Eagle Bancorp, Inc. will post 4.5 earnings per share for the current fiscal year.
Eagle Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Monday, July 11th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Friday, July 8th. This is a positive change from Eagle Bancorp’s previous quarterly dividend of $0.40. Eagle Bancorp’s payout ratio is currently 37.04%.
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.
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