Eagle Bancorp, Inc. (NASDAQ:EGBN) shares sold by Royce & Associates LP


Royce & Associates LP reduced its stake in Eagle Bancorp, Inc. (NASDAQ:EGBNreceived rating) up 11.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,025 shares of the financial services provider after selling 1,851 shares during the period. Royce & Associates LP’s holdings in Eagle Bancorp were valued at $857,000 at the end of the most recent reporting period.

Several other hedge funds have recently added to or reduced their stakes in the company. Pinebridge Investments LP acquired a new interest in Eagle Bancorp stock valued at approximately $76,000 during the fourth quarter. Inspire Investing LLC acquired a new position in shares of Eagle Bancorp valued at approximately $236,000 during the first quarter. Mutual of America Capital Management LLC increased its holdings of shares in Eagle Bancorp by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 4,603 shares of the financial services provider, valued at $262,000, after purchasing an additional 238 shares last quarter. Bellecapital International Ltd. acquired a new position in Eagle Bancorp stock valued at approximately $280,000 during the first quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Eagle Bancorp stock valued at approximately $343,000 during the first quarter. 73.83% of the shares are currently owned by hedge funds and other institutional investors.

Eagle Bancorp trading up 0.1%

shares of EGBN share opened at $47.72 on Friday. The company has a debt to equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $1.53 billion, a P/E of 9.82 and a beta of 0.94. The company has a 50-day moving average price of $47.52 and a 200-day moving average price of $53.07. Eagle Bancorp, Inc. has a 52-week low of $44.85 and a 52-week high of $63.84.

Eagle Bancorp (NASDAQ:EGBNreceived rating) last published its quarterly results on Wednesday, July 20th. The financial services firm reported $0.78 EPS for the quarter, missing the consensus estimate of $1.15 ($0.37). Eagle Bancorp had a return on equity of 12.98% and a net margin of 39.92%. The company had revenue of $88.48 million for the quarter, compared to analyst estimates of $91.00 million. In the same quarter last year, the company earned $1.50 per share. Equity research analysts are forecasting that Eagle Bancorp, Inc. will post 4.5 EPS for the current fiscal year.

Eagle Bancorp raises dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. A dividend of $0.45 per share was paid to shareholders of record on Monday, July 11. That’s an annualized dividend of $1.80 and a yield of 3.77%. The ex-dividend date was Friday July 8th. This is an increase from Eagle Bancorp’s previous quarterly dividend of $0.40. Eagle Bancorp’s RTP is 37.04%.

Analyst upgrades and downgrades

Separately, StockNews.com Downgraded shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 22.

About Eagle Bancorp

(received rating)

Eagle Bancorp, Inc acts as the banking holding company for EagleBank, which provides commercial and consumer banking services primarily in the United States. The Company also offers a variety of commercial and consumer credit products, including commercial loans for working capital, equipment purchases, real estate credit lines, and government contract financing; asset-based lending and receivables financing; building loans and commercial real estate loans; Financing of business equipment; 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 home loans.

Selected Stories

Want to see what other hedge funds are holding EGBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Eagle Bancorp, Inc. (NASDAQ:EGBNreceived rating).

Institutional Ownership by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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