Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,479 shares of the financial services provider’s stock after selling 2,931 shares during the quarter. Inspire Investing LLC owned approximately 0.05% of Eagle Bancorp worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of EGBN. Dimensional Fund Advisors LP boosted its holdings in Eagle Bancorp by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,440 shares of the financial services provider’s stock valued at $26,637,000 after purchasing an additional 169,621 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Eagle Bancorp by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider’s stock valued at $16,254,000 after buying an additional 25,578 shares during the period. AQR Capital Management LLC lifted its holdings in Eagle Bancorp by 53.2% in the second quarter. AQR Capital Management LLC now owns 539,186 shares of the financial services provider’s stock valued at $10,191,000 after acquiring an additional 187,249 shares during the last quarter. Fourthstone LLC purchased a new position in Eagle Bancorp in the third quarter worth approximately $5,972,000. Finally, JPMorgan Chase & Co. increased its stake in Eagle Bancorp by 44.5% during the third quarter. JPMorgan Chase & Co. now owns 158,254 shares of the financial services provider’s stock worth $3,573,000 after acquiring an additional 48,749 shares during the last quarter. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Stock Up 0.7 %

Shares of NASDAQ:EGBN opened at $25.46 on Friday. The firm has a market capitalization of $768.89 million, a PE ratio of -16.22 and a beta of 1.10. Eagle Bancorp, Inc. has a 1 year low of $15.99 and a 1 year high of $30.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50-day moving average is $27.05 and its two-hundred day moving average is $24.29.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results 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 4.69% and a negative net margin of 6.65%. Analysts predict that Eagle Bancorp, Inc. will post 2.42 EPS for the current year.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $0.165 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.66 dividend on an annualized basis and a yield of 2.59%. Eagle Bancorp’s dividend payout ratio (DPR) is presently -42.04%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EGBN. StockNews.com upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Piper Sandler decreased their price objective on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a report on Friday. Finally, Keefe, Bruyette & Woods boosted their target price on Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

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.