AQR Capital Management LLC Sells 210,858 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

AQR Capital Management LLC trimmed its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 51.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 201,987 shares of the financial services provider’s stock after selling 210,858 shares during the quarter. AQR Capital Management LLC’s holdings in Eagle Bancorp were worth $5,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Fourthstone LLC increased its holdings in shares of Eagle Bancorp by 382.7% in the fourth quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider’s stock valued at $33,231,000 after purchasing an additional 1,012,182 shares in the last quarter. North Reef Capital Management LP lifted its holdings in shares of Eagle Bancorp by 251.9% during the 4th quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider’s stock valued at $25,186,000 after purchasing an additional 692,593 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Eagle Bancorp by 69.5% in the fourth quarter. JPMorgan Chase & Co. now owns 268,214 shares of the financial services provider’s stock valued at $6,982,000 after buying an additional 109,960 shares in the last quarter. American Century Companies Inc. boosted its stake in Eagle Bancorp by 14.7% in the 4th quarter. American Century Companies Inc. now owns 648,192 shares of the financial services provider’s stock worth $16,872,000 after purchasing an additional 83,305 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Eagle Bancorp by 69.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 178,418 shares of the financial services provider’s stock worth $4,644,000 after buying an additional 73,378 shares during the period. 78.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler lowered their target price on Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods cut their target price on shares of Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, April 28th.

Eagle Bancorp Stock Performance

NASDAQ EGBN opened at $18.40 on Friday. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94. The firm’s fifty day moving average price is $20.17 and its two-hundred day moving average price is $24.32. 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 market cap of $558.84 million, a PE ratio of -11.72 and a beta of 1.02.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.40). The company had revenue of $73.86 million for the quarter, compared to the consensus estimate of $71.93 million. Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. On average, equities analysts expect that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 5th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.66 annualized dividend and a yield of 3.59%. Eagle Bancorp’s payout ratio is currently -44.00%.

Insider Activity at Eagle Bancorp

In related news, CFO Eric R. Newell purchased 1,170 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $21.37 per share, with a total value 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 represents a 4.24 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by 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.