Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC trimmed its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 50.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,259 shares of the financial services provider’s stock after selling 100,911 shares during the period. Bridgeway Capital Management LLC owned approximately 0.33% of Eagle Bancorp worth $2,610,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Balyasny Asset Management L.P. lifted its position in Eagle Bancorp by 44.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 24,531 shares of the financial services provider’s stock valued at $639,000 after purchasing an additional 7,520 shares during the period. Algert Global LLC lifted its holdings in shares of Eagle Bancorp by 34.3% in the 4th quarter. Algert Global LLC now owns 207,508 shares of the financial services provider’s stock valued at $5,401,000 after buying an additional 53,046 shares during the period. Jane Street Group LLC boosted its stake in shares of Eagle Bancorp by 4.9% in the fourth quarter. Jane Street Group LLC now owns 75,235 shares of the financial services provider’s stock worth $1,958,000 after buying an additional 3,532 shares during the last quarter. PDT Partners LLC acquired a new stake in Eagle Bancorp during the fourth quarter worth about $276,000. Finally, Northern Trust Corp raised its position in Eagle Bancorp by 6.1% during the fourth quarter. Northern Trust Corp now owns 317,422 shares of the financial services provider’s stock valued at $8,262,000 after acquiring an additional 18,298 shares in the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Stock Up 2.2 %

Shares of EGBN opened at $18.40 on Friday. The firm has a market cap of $558.84 million, a P/E ratio of -11.72 and a beta of 1.02. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $30.94. The stock’s 50 day moving average is $20.17 and its two-hundred day moving average is $24.32. 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 (NASDAQ:EGBN) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $71.93 million. Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. Analysts predict that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CFO Eric R. Newell purchased 1,170 shares of the stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $21.37 per share, with a total value of $25,002.90. Following the completion of the purchase, the chief financial officer now directly owns 28,733 shares of the company’s stock, valued at approximately $614,024.21. The trade was a 4.24 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.10% of the stock is currently owned by insiders.

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.