Eagle Bancorp, Inc. (NASDAQ:EGBN) Stock Holdings Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 3.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 146,416 shares of the financial services provider’s stock after buying an additional 4,197 shares during the period. Principal Financial Group Inc. owned 0.48% of Eagle Bancorp worth $3,811,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EGBN. Point72 DIFC Ltd bought a new position in shares of Eagle Bancorp during the 3rd quarter valued at about $48,000. R Squared Ltd acquired a new stake in Eagle Bancorp in the fourth quarter valued at approximately $51,000. Nisa Investment Advisors LLC raised its position in shares of Eagle Bancorp by 49.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 846 shares during the period. GAMMA Investing LLC raised its position in shares of Eagle Bancorp by 45.7% in the fourth quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 1,116 shares during the period. Finally, FMR LLC increased its position in Eagle Bancorp by 84.9% during the third quarter. FMR LLC now owns 4,785 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 2,197 shares during the period. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Stock Performance

Shares of EGBN stock opened at $22.37 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. The stock has a market cap of $675.62 million, a PE ratio of -14.25 and a beta of 1.09. The stock has a 50-day moving average of $25.10 and a 200-day moving average of $25.08. Eagle Bancorp, Inc. has a one year low of $15.99 and a one year high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. As a group, sell-side analysts expect that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current year.

Eagle Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Friday, February 7th. Eagle Bancorp’s dividend payout ratio (DPR) is currently -42.04%.

Analyst Ratings Changes

Several brokerages have issued reports on EGBN. Piper Sandler lowered their price target on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods reduced their price target on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating on the stock in a research report 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.