Eagle Bancorp, Inc. (NASDAQ:EGBN) Position Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 90.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,500 shares of the financial services provider’s stock after selling 23,846 shares during the period. Nisa Investment Advisors LLC’s holdings in Eagle Bancorp were worth $52,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EGBN. Cambridge Investment Research Advisors Inc. grew its position in Eagle Bancorp by 72.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,640 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 8,277 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Eagle Bancorp by 24.6% in the first quarter. Oppenheimer & Co. Inc. now owns 10,142 shares of the financial services provider’s stock worth $213,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC grew its holdings in shares of Eagle Bancorp by 1,812.4% during the first quarter. GAMMA Investing LLC now owns 68,082 shares of the financial services provider’s stock valued at $1,430,000 after buying an additional 64,522 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its position in Eagle Bancorp by 91.0% during the first quarter. Chevy Chase Trust Holdings LLC now owns 40,170 shares of the financial services provider’s stock valued at $844,000 after buying an additional 19,135 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Eagle Bancorp in the 4th quarter valued at about $515,000. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Stock Up 0.3%

Eagle Bancorp stock opened at $21.47 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a 1-year low of $16.68 and a 1-year high of $30.94. The firm’s fifty day simple moving average is $18.81 and its 200-day simple moving average is $21.13. The company has a market capitalization of $652.19 million, a P/E ratio of -14.31 and a beta of 1.05.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.40). The company had revenue of $73.86 million during the quarter, compared to analyst estimates of $71.93 million. Eagle Bancorp had a positive return on equity of 4.86% and a negative net margin of 6.52%. Sell-side analysts forecast that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 3.07%. Eagle Bancorp’s payout ratio is currently -44.00%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EGBN shares. Wall Street Zen raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday. Janney Montgomery Scott raised shares of Eagle Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, June 10th. Jefferies Financial Group set a $20.00 price objective on Eagle Bancorp and gave the stock a “hold” rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods lowered their target price 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 cut their price target on Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Eagle Bancorp currently has an average rating of “Hold” and an average price target of $21.75.

Eagle Bancorp Company 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.