346,431 Shares in Eagle Bancorp, Inc. $EGBN Purchased by Nuveen LLC

Nuveen LLC bought a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 346,431 shares of the financial services provider’s stock, valued at approximately $7,275,000. Nuveen LLC owned 1.14% of Eagle Bancorp as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Eagle Bancorp by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,748,105 shares of the financial services provider’s stock worth $57,710,000 after buying an additional 58,682 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Eagle Bancorp by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,571,976 shares of the financial services provider’s stock worth $40,919,000 after buying an additional 63,702 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Eagle Bancorp by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 368,919 shares of the financial services provider’s stock worth $7,747,000 after buying an additional 14,074 shares during the period. Northern Trust Corp boosted its holdings in shares of Eagle Bancorp by 6.1% during the 4th quarter. Northern Trust Corp now owns 317,422 shares of the financial services provider’s stock worth $8,262,000 after buying an additional 18,298 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of Eagle Bancorp by 34.3% during the 4th quarter. Algert Global LLC now owns 207,508 shares of the financial services provider’s stock worth $5,401,000 after buying an additional 53,046 shares during the period. Institutional investors own 78.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on EGBN shares. Janney Montgomery Scott raised shares of Eagle Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, June 10th. Keefe, Bruyette & Woods dropped their price objective on shares of Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. Jefferies Financial Group set a $20.00 price objective on shares of Eagle Bancorp and gave the stock a “hold” rating in a research note on Wednesday, May 21st. Wall Street Zen cut shares of Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 26th. Finally, Piper Sandler dropped their price objective on shares of Eagle Bancorp from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.00.

Eagle Bancorp Price Performance

Shares of Eagle Bancorp stock opened at $19.15 on Monday. The company has a 50-day simple moving average of $18.65 and a two-hundred day simple moving average of $19.75. The stock has a market capitalization of $581.59 million, a price-to-earnings ratio of -18.77 and a beta of 1.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a twelve month low of $15.47 and a twelve month high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported ($2.30) EPS for the quarter, missing the consensus estimate of $0.40 by ($2.70). The firm had revenue of $74.19 million during the quarter, compared to analyst estimates of $73.03 million. Eagle Bancorp had a negative net margin of 4.60% and a negative return on equity of 2.54%. Analysts forecast that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be given a $0.165 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.66 annualized dividend and a dividend yield of 3.4%. Eagle Bancorp’s payout ratio is presently -64.71%.

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.