Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd decreased its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 10.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 48,188 shares of the financial services provider’s stock after selling 5,387 shares during the period. WINTON GROUP Ltd’s holdings in Eagle Bancorp were worth $1,254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its holdings 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 acquiring an additional 775 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Eagle Bancorp in the third quarter worth approximately $48,000. R Squared Ltd bought a new position in Eagle Bancorp during the 4th quarter valued at $51,000. Millstone Evans Group LLC acquired a new position in shares of Eagle Bancorp during the 4th quarter valued at $59,000. Finally, GAMMA Investing LLC raised its stake 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 worth $93,000 after buying an additional 1,116 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EGBN. Piper Sandler decreased their target price on 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 price objective on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a research report on Monday, January 27th.

Insider Transactions at Eagle Bancorp

In other Eagle Bancorp news, CFO Eric R. Newell bought 1,170 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 28,733 shares in the company, valued at approximately $614,024.21. This represents a 4.24 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by insiders.

Eagle Bancorp Price Performance

Shares of NASDAQ:EGBN opened at $21.39 on Friday. The company has a market capitalization of $646.06 million, a PE ratio of -13.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. The stock has a fifty day moving average of $23.73 and a 200-day moving average of $25.06. Eagle Bancorp, Inc. has a one year low of $15.99 and a one year high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate 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%. As a group, equities analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

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

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.