Amundi Has $371,000 Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Amundi grew its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 192.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,121 shares of the financial services provider’s stock after purchasing an additional 9,955 shares during the quarter. Amundi owned about 0.05% of Eagle Bancorp worth $371,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in EGBN. Smartleaf Asset Management LLC lifted its stake in shares of Eagle Bancorp by 353.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock valued at $26,000 after buying an additional 775 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Eagle Bancorp in the third quarter valued at about $48,000. R Squared Ltd bought a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $51,000. GAMMA Investing LLC lifted its stake 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 buying an additional 1,116 shares during the period. Finally, FMR LLC lifted its stake in shares of Eagle Bancorp by 84.9% in the third quarter. FMR LLC now owns 4,785 shares of the financial services provider’s stock valued at $108,000 after buying an additional 2,197 shares during the period. 78.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Eric R. Newell bought 1,170 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the completion of the purchase, the chief financial officer now owns 28,733 shares of the company’s stock, valued at approximately $614,024.21. The trade was a 4.24 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Eagle Bancorp Stock Down 1.0 %

Shares of EGBN opened at $21.37 on Friday. The stock has a market cap of $645.46 million, a price-to-earnings ratio of -13.61 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $30.94. The company has a 50-day moving average price of $23.95 and a two-hundred day moving average price of $25.05.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 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%. Equities analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Friday, February 7th. Eagle Bancorp’s dividend payout ratio is -42.04%.

Analyst Upgrades and Downgrades

EGBN has been the subject of several research reports. Piper Sandler reduced their target price on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a research note on Friday, January 24th. Keefe, Bruyette & Woods reduced 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 note on Monday, January 27th.

Eagle Bancorp Company 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.