Eagle Bancorp, Inc. $EGBN Stock Holdings Trimmed by Dimensional Fund Advisors LP

by · The Markets Daily

Dimensional Fund Advisors LP lessened its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN – Free Report) by 12.2% in the first quarter, HoldingsChannel reports. The fund owned 1,119,529 shares of the financial services provider’s stock after selling 155,027 shares during the period. Dimensional Fund Advisors LP’s holdings in Eagle Bancorp were worth $27,842,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in shares of Eagle Bancorp by 128.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,390 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 782 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Eagle Bancorp by 113.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 2,172 shares during the period. Raymond James Financial Inc. acquired a new stake in Eagle Bancorp in the second quarter worth about $99,000. Fifth Third Bancorp grew its position in Eagle Bancorp by 10,807.4% in the 1st quarter. Fifth Third Bancorp now owns 5,890 shares of the financial services provider’s stock valued at $146,000 after buying an additional 5,836 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Eagle Bancorp in the 4th quarter valued at about $174,000. Institutional investors own 78.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on EGBN. Piper Sandler raised their target price on shares of Eagle Bancorp from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Zacks Research lowered shares of Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Eagle Bancorp in a report on Friday, June 5th. Finally, Raymond James Financial started coverage on Eagle Bancorp in a research note on Tuesday, April 14th. They set a “strong-buy” rating and a $32.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Eagle Bancorp currently has a consensus rating of “Hold” and an average price target of $29.00.

Read Our Latest Stock Analysis on Eagle Bancorp

Eagle Bancorp Price Performance

EGBN stock opened at $28.22 on Thursday. Eagle Bancorp, Inc. has a one year low of $15.03 and a one year high of $29.29. The firm has a 50-day moving average of $27.60 and a two-hundred day moving average of $26.45. The firm has a market capitalization of $860.77 million, a PE ratio of -22.40 and a beta of 0.96. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07.

Eagle Bancorp (NASDAQ:EGBN – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.11). Eagle Bancorp had a negative net margin of 6.43% and a negative return on equity of 3.37%. The business had revenue of $73.11 million for the quarter, compared to analysts’ expectations of $74.41 million. On average, analysts forecast that Eagle Bancorp, Inc. will post 1.55 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Thursday, August 6th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 6th. Eagle Bancorp’s dividend payout ratio is presently -3.17%.

Eagle Bancorp Company Profile

(Free Report)

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.

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