D. E. Shaw & Co. Inc. Decreases Stock Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

D. E. Shaw & Co. Inc. lowered its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 54.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,418 shares of the financial services provider’s stock after selling 96,654 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.27% of Eagle Bancorp worth $2,145,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in shares of Eagle Bancorp by 353.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock worth $26,000 after buying an additional 775 shares during the period. R Squared Ltd purchased a new position in Eagle Bancorp during the 4th quarter valued at about $51,000. Millstone Evans Group LLC purchased a new position in Eagle Bancorp during the 4th quarter valued at about $59,000. Russell Investments Group Ltd. increased its holdings in Eagle Bancorp by 42.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 933 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in Eagle Bancorp during the 4th quarter valued at about $212,000. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Stock Performance

Eagle Bancorp stock opened at $18.51 on Wednesday. The stock’s 50 day simple moving average is $19.79 and its two-hundred day simple moving average is $23.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. The stock has a market cap of $562.28 million, a price-to-earnings ratio of -11.79 and a beta of 1.02. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.40). The firm 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%. As a group, analysts expect that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were given a dividend of $0.165 per share. The ex-dividend date was Monday, May 5th. This represents a $0.66 annualized dividend and a yield of 3.57%. Eagle Bancorp’s payout ratio is -44.00%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Eagle Bancorp

In related news, CFO Eric R. Newell purchased 1,170 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the purchase, the chief financial officer now directly owns 28,733 shares of the company’s stock, valued at approximately $614,024.21. This represents a 4.24% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.39% of the company’s stock.

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.