UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,801 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 8.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,657 shares of the financial services provider’s stock after selling 5,801 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Eagle Bancorp worth $1,437,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of Eagle Bancorp by 41.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 55,627 shares of the financial services provider’s stock valued at $1,256,000 after purchasing an additional 16,338 shares in the last quarter. FMR LLC lifted its holdings in Eagle Bancorp by 84.9% during the 3rd quarter. FMR LLC now owns 4,785 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 2,197 shares during the last quarter. Algert Global LLC lifted its holdings in Eagle Bancorp by 146.4% during the 3rd quarter. Algert Global LLC now owns 154,462 shares of the financial services provider’s stock valued at $3,488,000 after purchasing an additional 91,782 shares during the last quarter. Intech Investment Management LLC boosted its position in Eagle Bancorp by 13.3% in the third quarter. Intech Investment Management LLC now owns 18,258 shares of the financial services provider’s stock valued at $412,000 after buying an additional 2,142 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Eagle Bancorp by 328.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,741 shares of the financial services provider’s stock worth $1,394,000 after buying an additional 47,327 shares during the last quarter. 78.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EGBN shares. Keefe, Bruyette & Woods lifted their target price on shares of Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler initiated coverage on Eagle Bancorp in a research report on Monday, October 21st. They issued a “neutral” rating and a $27.00 price objective for the company. Finally, StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th.

Eagle Bancorp Trading Down 2.9 %

EGBN opened at $28.61 on Wednesday. Eagle Bancorp, Inc. has a 1-year low of $15.99 and a 1-year high of $31.86. The stock has a market capitalization of $864.08 million, a PE ratio of -20.44 and a beta of 1.09. 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 firm has a 50-day moving average price of $27.32 and a two-hundred day moving average price of $22.71.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.27. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%. The business had revenue of $180.76 million during the quarter, compared to analyst estimates of $80.31 million. During the same quarter last year, the business posted $0.91 earnings per share. As a group, equities analysts anticipate that Eagle Bancorp, Inc. will post 1.68 earnings per share for the current fiscal year.

Eagle Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 21st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.31%. Eagle Bancorp’s payout ratio is currently -47.14%.

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.