Keybank National Association OH reduced its stake in shares of Eagle Bancorp, Inc. (NASDAQ: EGBN – Get a rating) by 39.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund held 9,005 shares of the financial services provider after selling 5,955 shares during the period. Keybank National Association OH’s holdings in Eagle Bancorp were worth $513,000 when it last filed with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently increased or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Eagle Bancorp by 9.8% during the fourth quarter. Geode Capital Management LLC now owns 548,878 shares of the financial services provider worth $32,021,000 after purchasing an additional 48,783 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Eagle Bancorp by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 280,614 shares of the financial services provider worth $16,372,000 after buying 3,917 additional shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in Eagle Bancorp by 0.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 210,437 shares of the financial services provider worth $12,277,000 after buying an additional 1,105 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Eagle Bancorp by 60.6% during the fourth quarter. JPMorgan Chase & Co. now owns 158,591 shares of the financial services provider worth $9,252,000 after buying an additional 59,870 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Eagle Bancorp by 16.7% during the fourth quarter. First Trust Advisors LP now owns 133,297 shares of the financial services provider worth $7,777,000 after buying an additional 19,067 shares in the last quarter. Institutional investors hold 73.83% of the company’s shares.
Eagle Bancorp trades up 0.8%
NASDAQ: EGBN opened at $49.05 on Thursday. Eagle Bancorp, Inc. has a fifty-two week low of $44.85 and a fifty-two week high of $63.84. The company has a debt ratio of 0.06, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $1.57 billion, a PE ratio of 8.74 and a beta of 0.96. The company’s 50-day simple moving average is $47.87 and its 200-day simple moving average is $54.34.
Eagle Bancorp (NASDAQ: EGBN – Get a rating) last released its quarterly earnings data on Wednesday, April 20. The financial services provider reported earnings per share of $1.42 for the quarter, beating the consensus estimate of $1.06 by $0.36. Eagle Bancorp had a return on equity of 13.63% and a net margin of 45.21%. The company posted revenue of $87.91 million for the quarter, compared to analysts’ expectations of $86.40 million. In the same quarter a year earlier, the company posted EPS of $1.36. Sell-side analysts expect Eagle Bancorp, Inc. to post earnings per share of 4.89 for the current fiscal year.
Eagle Bancorp increases its dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29. Shareholders of record on Monday, July 11 will receive a dividend of $0.45 per share. This represents an annualized dividend of $1.80 and a dividend yield of 3.67%. The ex-dividend date is Friday, July 8. This is a boost from Eagle Bancorp’s previous quarterly dividend of $0.40. Eagle Bancorp’s payout ratio is 32.26%.
Analysts set new price targets
Separately, StockNews.com began covering Eagle Bancorp in a report on Thursday, March 31. They have placed a “holding” rating on the stock.
About Eagle Bancorp
Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.
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