Choreo LLC Sells 1,664 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Choreo LLC lessened its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,423 shares of the financial services provider’s stock after selling 1,664 shares during the period. Choreo LLC’s holdings in Eagle Bancorp were worth $943,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Eagle Bancorp in the fourth quarter worth approximately $51,000. Point72 DIFC Ltd bought a new stake in Eagle Bancorp during the third quarter worth $48,000. GAMMA Investing LLC raised its position in Eagle Bancorp by 102.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the financial services provider’s stock valued at $55,000 after buying an additional 1,234 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Eagle Bancorp by 49.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock valued at $57,000 after buying an additional 846 shares during the last quarter. Finally, FMR LLC lifted its stake in Eagle Bancorp by 84.9% during the 3rd quarter. FMR LLC now owns 4,785 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 2,197 shares in the last quarter. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Trading Down 2.9 %

NASDAQ EGBN opened at $26.16 on Monday. The business’s fifty day moving average is $26.47 and its 200-day moving average is $24.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86. The stock has a market capitalization of $790.03 million, a price-to-earnings ratio of -16.66 and a beta of 1.09. Eagle Bancorp, Inc. has a one year low of $15.99 and a one year high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.50 EPS 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%. Equities research analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.66 annualized dividend and a yield of 2.52%. Eagle Bancorp’s payout ratio is -42.04%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a research note on Monday, January 27th. Piper Sandler decreased 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 note on Friday, January 24th. Finally, StockNews.com upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th.

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.