Strs Ohio Decreases Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Strs Ohio decreased its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 11.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,000 shares of the financial services provider’s stock after selling 3,000 shares during the period. Strs Ohio’s holdings in Eagle Bancorp were worth $723,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EGBN. AQR Capital Management LLC raised its stake in shares of Eagle Bancorp by 378.9% in the third quarter. AQR Capital Management LLC now owns 361,217 shares of the financial services provider’s stock valued at $7,748,000 after acquiring an additional 285,790 shares during the period. Caxton Associates LP grew its holdings in Eagle Bancorp by 480.5% during the 3rd quarter. Caxton Associates LP now owns 106,547 shares of the financial services provider’s stock worth $2,285,000 after acquiring an additional 88,193 shares in the last quarter. Verdad Advisers LP bought a new position in Eagle Bancorp during the 3rd quarter worth about $869,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Eagle Bancorp by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,387 shares of the financial services provider’s stock valued at $9,832,000 after buying an additional 38,678 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Eagle Bancorp in the 3rd quarter valued at about $692,000. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Insider Buying and Selling

In related news, EVP Lindsey S. Rheaume sold 22,000 shares of Eagle Bancorp stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $22.98, for a total value of $505,560.00. Following the completion of the sale, the executive vice president now directly owns 9,075 shares in the company, valued at approximately $208,543.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by company insiders.

Eagle Bancorp Stock Down 10.3 %

NASDAQ:EGBN opened at $19.96 on Friday. Eagle Bancorp, Inc. has a fifty-two week low of $16.72 and a fifty-two week high of $31.97. The stock has a market capitalization of $597.40 million, a P/E ratio of 6.05 and a beta of 1.02. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.97 and a current ratio of 0.97. The company’s 50-day simple moving average is $22.66 and its 200-day simple moving average is $24.13.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.09). The company had revenue of $75.89 million during the quarter, compared to analyst estimates of $75.67 million. Eagle Bancorp had a return on equity of 8.12% and a net margin of 15.54%. On average, equities analysts anticipate that Eagle Bancorp, Inc. will post 2.32 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 18th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date of this dividend is Wednesday, April 17th. Eagle Bancorp’s dividend payout ratio (DPR) is presently 54.55%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday.

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.