Texas Permanent School Fund Corp Has $728,000 Stock Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Texas Permanent School Fund Corp grew its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 47.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,514 shares of the financial services provider’s stock after buying an additional 12,323 shares during the quarter. Texas Permanent School Fund Corp owned 0.13% of Eagle Bancorp worth $728,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EGBN. Vanguard Group Inc. lifted its position in shares of Eagle Bancorp by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 3,362,689 shares of the financial services provider’s stock valued at $101,351,000 after purchasing an additional 126,085 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Eagle Bancorp by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,044,835 shares of the financial services provider’s stock valued at $31,493,000 after purchasing an additional 54,480 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Eagle Bancorp by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 497,083 shares of the financial services provider’s stock valued at $14,982,000 after purchasing an additional 38,696 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in shares of Eagle Bancorp by 76.9% during the first quarter. Epoch Investment Partners Inc. now owns 457,881 shares of the financial services provider’s stock valued at $10,756,000 after purchasing an additional 199,057 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Eagle Bancorp by 1.5% during the first quarter. Gamco Investors INC. ET AL now owns 342,171 shares of the financial services provider’s stock valued at $8,038,000 after purchasing an additional 5,093 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Stock Performance

Shares of EGBN stock opened at $22.91 on Friday. The firm has a market cap of $691.65 million, a price-to-earnings ratio of 9.13 and a beta of 1.09. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.02 and a current ratio of 1.02. Eagle Bancorp, Inc. has a 52 week low of $15.99 and a 52 week high of $31.97. The firm’s 50-day simple moving average is $21.21 and its two-hundred day simple moving average is $20.42.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.34. Eagle Bancorp had a negative net margin of 5.28% and a positive return on equity of 5.50%. The company had revenue of $175.06 million for the quarter, compared to analyst estimates of $80.90 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. As a group, equities analysts forecast that Eagle Bancorp, Inc. will post 1.46 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Saturday, July 20th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.86%. The ex-dividend date of this dividend was Friday, July 19th. Eagle Bancorp’s dividend payout ratio (DPR) is currently 71.71%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, June 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Eagle Bancorp from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th.

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.