Nisa Investment Advisors LLC Purchases 23,800 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Nisa Investment Advisors LLC grew its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 934.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,346 shares of the financial services provider’s stock after buying an additional 23,800 shares during the period. Nisa Investment Advisors LLC owned 0.09% of Eagle Bancorp worth $686,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EGBN. Dimensional Fund Advisors LP lifted its holdings in Eagle Bancorp by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,440 shares of the financial services provider’s stock valued at $26,637,000 after purchasing an additional 169,621 shares during the last quarter. Geode Capital Management LLC grew its stake in Eagle Bancorp by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider’s stock valued at $16,254,000 after buying an additional 25,578 shares during the last quarter. AQR Capital Management LLC raised its holdings in Eagle Bancorp by 53.2% in the 2nd quarter. AQR Capital Management LLC now owns 539,186 shares of the financial services provider’s stock valued at $10,191,000 after acquiring an additional 187,249 shares during the period. Fourthstone LLC acquired a new stake in Eagle Bancorp during the 3rd quarter worth approximately $5,972,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Eagle Bancorp by 44.5% during the third quarter. JPMorgan Chase & Co. now owns 158,254 shares of the financial services provider’s stock worth $3,573,000 after buying an additional 48,749 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors.

Eagle Bancorp Stock Down 1.1 %

EGBN stock opened at $26.05 on Wednesday. The firm has a 50-day moving average price of $26.96 and a 200-day moving average price of $24.41. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $30.94. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $786.71 million, a P/E ratio of -16.59 and a beta of 1.10.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.69%. As a group, equities research analysts anticipate that Eagle Bancorp, Inc. will post 2.42 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $0.165 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.53%. Eagle Bancorp’s dividend payout ratio (DPR) is currently -42.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EGBN shares. Keefe, Bruyette & Woods dropped their target price on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a research report on Monday. StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Piper Sandler reduced their target price on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a report on Friday, January 24th.

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.