Gamco Investors INC. ET AL Sells 26,800 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Gamco Investors INC. ET AL lessened its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 278,750 shares of the financial services provider’s stock after selling 26,800 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.92% of Eagle Bancorp worth $7,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EGBN. Sterling Capital Management LLC lifted its stake in shares of Eagle Bancorp by 14,712.5% during the 4th quarter. Sterling Capital Management LLC now owns 15,405 shares of the financial services provider’s stock valued at $401,000 after buying an additional 15,301 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Eagle Bancorp by 42.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 933 shares during the period. Franklin Resources Inc. raised its stake in shares of Eagle Bancorp by 54.1% during the 4th quarter. Franklin Resources Inc. now owns 40,599 shares of the financial services provider’s stock valued at $1,057,000 after purchasing an additional 14,252 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Eagle Bancorp by 69.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 178,418 shares of the financial services provider’s stock worth $4,644,000 after purchasing an additional 73,378 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Eagle Bancorp by 69.5% in the 4th quarter. JPMorgan Chase & Co. now owns 268,214 shares of the financial services provider’s stock worth $6,982,000 after purchasing an additional 109,960 shares during the period. 78.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EGBN shares. Keefe, Bruyette & Woods lowered their price target 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 cut their price target on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a report on Friday, January 24th.

Insider Buying and Selling at Eagle Bancorp

In other news, CFO Eric R. Newell acquired 1,170 shares of Eagle Bancorp stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $21.37 per share, for a total transaction of $25,002.90. Following the transaction, the chief financial officer now owns 28,733 shares of the company’s stock, valued at $614,024.21. This trade represents a 4.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.10% of the company’s stock.

Eagle Bancorp Price Performance

Shares of NASDAQ EGBN opened at $20.10 on Thursday. The firm has a market capitalization of $607.10 million, a P/E ratio of -12.80 and a beta of 1.04. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $21.88 and its two-hundred day simple moving average is $24.82. Eagle Bancorp, Inc. has a twelve month low of $15.99 and a twelve month high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. As a group, equities analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.165 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a yield of 3.28%. Eagle Bancorp’s dividend payout ratio is presently -42.04%.

About Eagle Bancorp

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.