Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,182 shares of the financial services provider’s stock after selling 8,688 shares during the period. SG Americas Securities LLC owned about 0.07% of Eagle Bancorp worth $551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sei Investments Co. boosted its holdings in Eagle Bancorp by 50.4% during the 2nd quarter. Sei Investments Co. now owns 25,857 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 8,662 shares during the period. Marshall Wace LLP acquired a new position in shares of Eagle Bancorp in the second quarter valued at approximately $1,411,000. Squarepoint Ops LLC grew its holdings in shares of Eagle Bancorp by 67.0% in the second quarter. Squarepoint Ops LLC now owns 92,745 shares of the financial services provider’s stock valued at $1,753,000 after purchasing an additional 37,210 shares in the last quarter. Algert Global LLC increased its stake in Eagle Bancorp by 42.7% during the 2nd quarter. Algert Global LLC now owns 62,680 shares of the financial services provider’s stock worth $1,185,000 after buying an additional 18,760 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Eagle Bancorp during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Price Performance

Shares of EGBN opened at $26.21 on Friday. The firm has a market capitalization of $791.54 million, a price-to-earnings ratio of -16.69 and a beta of 1.10. The firm’s fifty day simple moving average is $26.79 and its 200-day simple moving average is $24.47. Eagle Bancorp, Inc. has a twelve month low of $15.99 and a twelve month high of $30.94. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly 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 4.68%. Equities analysts forecast that Eagle Bancorp, Inc. will post 2.44 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, February 7th. Eagle Bancorp’s payout ratio is -42.04%.

Analyst Ratings Changes

A number of analysts have recently weighed in on EGBN shares. StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Piper Sandler lowered their target price on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods decreased their price objective on Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a research note on Monday, January 27th.

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.