Gamco Investors INC. ET AL Decreases Stock Holdings in Eagle Bancorp, Inc. $EGBN

Gamco Investors INC. ET AL lessened its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 7.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 243,900 shares of the financial services provider’s stock after selling 20,550 shares during the period. Gamco Investors INC. ET AL’s holdings in Eagle Bancorp were worth $4,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Jupiter Asset Management Ltd. increased its position in Eagle Bancorp by 112.5% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 357,404 shares of the financial services provider’s stock valued at $6,962,000 after buying an additional 189,233 shares in the last quarter. Walleye Capital LLC increased its holdings in shares of Eagle Bancorp by 330.0% during the second quarter. Walleye Capital LLC now owns 79,335 shares of the financial services provider’s stock valued at $1,545,000 after acquiring an additional 60,883 shares in the last quarter. SummerHaven Investment Management LLC purchased a new position in shares of Eagle Bancorp in the 3rd quarter valued at approximately $806,000. Fourthstone LLC boosted its stake in Eagle Bancorp by 63.6% in the 2nd quarter. Fourthstone LLC now owns 644,930 shares of the financial services provider’s stock worth $12,563,000 after purchasing an additional 250,729 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Eagle Bancorp by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 733,007 shares of the financial services provider’s stock worth $14,281,000 after purchasing an additional 4,392 shares during the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EGBN shares. Zacks Research downgraded Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Eagle Bancorp in a report on Wednesday, January 21st. Piper Sandler raised their price target on shares of Eagle Bancorp from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, UBS Group set a $25.00 price objective on shares of Eagle Bancorp in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Eagle Bancorp has an average rating of “Hold” and a consensus target price of $23.60.

Eagle Bancorp Stock Performance

NASDAQ EGBN opened at $25.28 on Monday. The stock has a market capitalization of $767.75 million, a price-to-earnings ratio of -6.00 and a beta of 1.03. The stock has a 50-day moving average of $24.77 and a 200 day moving average of $21.33. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. Eagle Bancorp, Inc. has a twelve month low of $15.03 and a twelve month high of $29.26.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, January 21st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.37. The firm had revenue of $80.50 million for the quarter, compared to analyst estimates of $67.81 million. Eagle Bancorp had a negative return on equity of 10.91% and a negative net margin of 20.19%. Sell-side analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Eagle Bancorp’s dividend payout ratio is presently -0.95%.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc is the bank holding company for EagleBank, a commercial bank headquartered in Bethesda, Maryland. Since its founding in 1998, the company has focused on serving businesses and consumers in the Washington, DC metropolitan area. EagleBank operates a network of full-service branches and commercial banking centers, providing personalized financial solutions to corporate, nonprofit, real estate and individual clients.

The company’s product portfolio includes commercial real estate lending, construction and land development financing, small business administration (SBA) loans, commercial and industrial credit facilities, and residential mortgage loans.