Rhumbline Advisers Has $1.84 Million Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Rhumbline Advisers lessened its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 11.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,782 shares of the financial services provider’s stock after selling 11,569 shares during the quarter. Rhumbline Advisers owned 0.29% of Eagle Bancorp worth $1,843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC grew its position in shares of Eagle Bancorp by 2.4% during the 4th quarter. LPL Financial LLC now owns 20,246 shares of the financial services provider’s stock worth $527,000 after purchasing an additional 467 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Eagle Bancorp by 3.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,801 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 488 shares during the period. Quantinno Capital Management LP grew its holdings in shares of Eagle Bancorp by 5.7% during the 4th quarter. Quantinno Capital Management LP now owns 11,146 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 601 shares in the last quarter. Ieq Capital LLC raised its stake in Eagle Bancorp by 3.3% in the fourth quarter. Ieq Capital LLC now owns 20,724 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 667 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Eagle Bancorp by 353.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 775 shares during the period. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Janney Montgomery Scott upgraded shares of Eagle Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, June 10th. Wall Street Zen cut Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Jefferies Financial Group set a $20.00 price target on Eagle Bancorp and gave the company a “hold” rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods reduced their price objective on Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th. Finally, Piper Sandler decreased their target price 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.75.

Eagle Bancorp Stock Performance

NASDAQ:EGBN opened at $16.71 on Wednesday. The stock’s 50-day moving average is $18.46 and its 200-day moving average is $22.38. Eagle Bancorp, Inc. has a 1-year low of $16.49 and a 1-year high of $30.94. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The stock has a market cap of $507.65 million, a P/E ratio of -11.14 and a beta of 1.03.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly 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 6.52% and a positive return on equity of 4.86%. Equities research analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were paid a $0.165 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.66 annualized dividend and a dividend yield of 3.95%. Eagle Bancorp’s payout ratio is -44.00%.

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.