Heritage Investors Management Corp Has $780,000 Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Heritage Investors Management Corp lifted its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,978 shares of the financial services provider’s stock after acquiring an additional 1,712 shares during the period. Heritage Investors Management Corp owned approximately 0.10% of Eagle Bancorp worth $780,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 DIFC Ltd bought a new stake in Eagle Bancorp during the third quarter worth about $48,000. R Squared Ltd bought a new stake in Eagle Bancorp during the fourth quarter worth about $51,000. Nisa Investment Advisors LLC lifted its position in Eagle Bancorp by 49.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 846 shares during the period. GAMMA Investing LLC lifted its position in Eagle Bancorp by 45.7% during the fourth quarter. GAMMA Investing LLC now owns 3,560 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 1,116 shares during the period. Finally, FMR LLC lifted its position in Eagle Bancorp by 84.9% during the third quarter. FMR LLC now owns 4,785 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 2,197 shares during the period. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Stock Down 0.0 %

EGBN stock opened at $22.76 on Friday. The stock has a market capitalization of $687.28 million, a P/E ratio of -14.49 and a beta of 1.09. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $30.94. The firm has a 50-day moving average price of $25.23 and a 200-day moving average price of $24.94.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates 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 research analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.165 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.90%. Eagle Bancorp’s dividend payout ratio (DPR) is currently -42.04%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EGBN shares. Piper Sandler cut their price objective on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a research report on Friday, January 24th. Keefe, Bruyette & Woods cut 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.

Eagle Bancorp 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.