Keybank National Association OH reduced its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN – get rating) by 39.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,005 shares of the financial services provider after selling 5,955 shares during the period. Keybank National Association OH’s holdings in Eagle Bancorp were worth $513,000 as of their most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently increased or reduced their holdings in the stock. Geode Capital Management LLC increased its holdings in Eagle Bancorp by 9.8% during the fourth quarter. Geode Capital Management LLC now owns 548,878 shares of the financial services provider worth $32,021,000 after purchasing an additional 48,783 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Eagle Bancorp by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 280,614 shares of the financial services provider worth $16,372,000 after purchasing an additional 3,917 shares during the last quarter. Epoch Investment Partners Inc. increased its holdings in Eagle Bancorp by 0.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 210,437 shares of the financial services provider worth $12,277,000 after buying an additional 1,105 shares last quarter. JPMorgan Chase & Co. increased its holdings in Eagle Bancorp by 60.6% during the fourth quarter. JPMorgan Chase & Co. now owns 158,591 shares of the financial services provider worth $9,252,000 after buying an additional 59,870 shares last quarter. Finally, First Trust Advisors LP increased its stake in Eagle Bancorp by 16.7% during the fourth quarter. First Trust Advisors LP now owns 133,297 shares of the financial services provider worth $7,777,000 after purchasing an additional 19,067 shares during the last quarter. Institutional investors own 73.83% of the company’s shares.
Eagle Bancorp trades up to 0.8%
NASDAQ:EGBN opened at $49.05 on Thursday. Eagle Bancorp, Inc. has a fifty-two week minimum of $44.85 and a fifty-two week maximum of $63.84. The firm has a debt-to-equity ratio of 0.06, a current ratio of 0.80, and a quick ratio of 0.80. The stock has a market capitalization of $1.57 billion, a PE ratio of 8.74, and a beta of 0.96. The company’s 50-day simple moving average is $47.87 and its 200-day simple moving average is $54.34.
Bancorp Eagle (NASDAQ:EGBN – get rating) last published its quarterly earnings data on Wednesday, April 20. The financial services provider reported earnings per share of $1.42 for the quarter, beating the consensus estimate of $1.06 by $0.36. Eagle Bancorp had a return on equity of 13.63% and a net margin of 45.21%. The business had revenue of $87.91 million in the quarter, compared to analyst expectations of $86.40 million. During the same quarter of the previous year, the business recorded $1.36 EPS. Sell-side analysts expect Eagle Bancorp, Inc. to post earnings per share of 4.89 for the current fiscal year.
Eagle Bancorp increases dividend
The firm also recently revealed a quarterly dividend, to be paid on Friday, July 29. Shareholders of record on Monday, July 11 will receive a dividend of $0.45 per share. This represents an annualized dividend of $1.80 and a dividend yield of 3.67%. The ex-dividend date is Friday, July 8. This is a boost from Eagle Bancorp’s previous quarterly dividend of $0.40. Eagle Bancorp’s payout ratio is 32.26%.
Analysts set new price targets
Separately, StockNews.com began coverage of Eagle Bancorp in a report on Thursday, March 31. They set a “hold” rating on the stock.
About Eagle Bancorp
Eagle Bancorp, Inc operates as the banking holding company for EagleBank providing commercial and consumer banking services primarily in the United States. The company also offers various business and consumer loan products including business 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; commercial 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.
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