Intech Investment Management LLC Increases Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Intech Investment Management LLC boosted its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 69.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,878 shares of the financial services provider’s stock after purchasing an additional 12,620 shares during the quarter. Intech Investment Management LLC owned about 0.10% of Eagle Bancorp worth $804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC increased its stake in shares of Eagle Bancorp by 4.3% during the third quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider’s stock valued at $247,000 after buying an additional 450 shares during the period. Ieq Capital LLC grew its holdings in Eagle Bancorp by 3.3% during the 4th quarter. Ieq Capital LLC now owns 20,724 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 667 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Eagle Bancorp by 353.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 775 shares during the period. GAMMA Investing LLC raised its holdings in shares of Eagle Bancorp by 45.7% in the 4th 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 in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Eagle Bancorp by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 1,340 shares during the period. 78.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EGBN. Keefe, Bruyette & Woods cut their price objective on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating on the stock in a report on Monday, January 27th. Piper Sandler dropped their target price on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a research report on Friday, January 24th.

Eagle Bancorp Stock Down 1.0 %

NASDAQ:EGBN opened at $21.37 on Monday. The company’s 50-day simple moving average is $23.95 and its 200-day simple moving average is $25.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94. The stock has a market capitalization of $645.46 million, a P/E ratio of -13.61 and a beta of 1.08.

Eagle Bancorp (NASDAQ:EGBN) last posted its 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 negative net margin of 6.65% and a positive return on equity of 4.68%. On average, equities analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

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

Insider Buying and Selling

In other Eagle Bancorp news, CFO Eric R. Newell purchased 1,170 shares of the stock in a transaction on Friday, March 7th. The stock was acquired at an average price of $21.37 per share, with a total value of $25,002.90. Following the completion of the acquisition, the chief financial officer now owns 28,733 shares in the company, valued at $614,024.21. The trade was a 4.24 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 3.10% of the stock is owned by company insiders.

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.