Gamco Investors INC. ET AL Sells 4,900 Shares of Eagle Bancorp, Inc. $EGBN

Gamco Investors INC. ET AL lowered its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 1.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 273,850 shares of the financial services provider’s stock after selling 4,900 shares during the quarter. Gamco Investors INC. ET AL owned 0.90% of Eagle Bancorp worth $5,751,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund raised its holdings in shares of Eagle Bancorp by 13.2% in the first quarter. New York State Common Retirement Fund now owns 8,549 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 1,000 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Eagle Bancorp during the first quarter worth about $205,000. Aigen Investment Management LP purchased a new stake in Eagle Bancorp in the first quarter valued at $209,000. Oppenheimer & Co. Inc. increased its holdings in shares of Eagle Bancorp by 24.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 10,142 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in shares of Eagle Bancorp during the 4th quarter worth about $220,000. Institutional investors own 78.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on EGBN. Wall Street Zen downgraded shares of Eagle Bancorp from a “hold” rating to a “strong sell” rating in a report on Saturday, July 26th. Piper Sandler lowered their price objective on shares of Eagle Bancorp from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Janney Montgomery Scott raised shares of Eagle Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, June 10th. Finally, Jefferies Financial Group set a $20.00 price target on Eagle Bancorp and gave the stock a “hold” rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Eagle Bancorp Trading Up 0.3%

Shares of EGBN stock opened at $19.42 on Thursday. Eagle Bancorp, Inc. has a fifty-two week low of $15.47 and a fifty-two week high of $30.94. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $18.80 and a 200-day simple moving average of $19.69. The stock has a market cap of $589.79 million, a P/E ratio of -19.04 and a beta of 1.07.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported ($2.30) EPS for the quarter, missing the consensus estimate of $0.40 by ($2.70). Eagle Bancorp had a negative net margin of 4.60% and a negative return on equity of 2.54%. The business had revenue of $74.19 million during the quarter, compared to analysts’ expectations of $73.03 million. On average, analysts forecast that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be given a dividend of $0.165 per share. The ex-dividend date is Friday, August 8th. This represents a $0.66 dividend on an annualized basis and a yield of 3.4%. Eagle Bancorp’s payout ratio is currently -64.71%.

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.