Point72 Asia Singapore Pte. Ltd. Has $66,000 Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Point72 Asia Singapore Pte. Ltd. cut its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 55.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,518 shares of the financial services provider’s stock after selling 3,196 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Eagle Bancorp were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Eagle Bancorp by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,689,423 shares of the financial services provider’s stock worth $70,006,000 after purchasing an additional 35,255 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Eagle Bancorp by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,571,976 shares of the financial services provider’s stock worth $40,919,000 after buying an additional 63,702 shares during the period. Fourthstone LLC increased its stake in shares of Eagle Bancorp by 382.7% in the 4th quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider’s stock valued at $33,231,000 after acquiring an additional 1,012,182 shares in the last quarter. North Reef Capital Management LP lifted its position in shares of Eagle Bancorp by 251.9% during the 4th quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider’s stock valued at $25,186,000 after acquiring an additional 692,593 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Eagle Bancorp by 14.7% during the 4th quarter. American Century Companies Inc. now owns 648,192 shares of the financial services provider’s stock valued at $16,872,000 after acquiring an additional 83,305 shares during the period. 78.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on EGBN. Keefe, Bruyette & Woods decreased their price target on shares of Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. Piper Sandler decreased their target price on Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, April 28th.

Insiders Place Their Bets

In related news, CFO Eric R. Newell bought 1,170 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $21.37 per share, with a total value of $25,002.90. Following the completion of the transaction, the chief financial officer now directly owns 28,733 shares in the company, valued at approximately $614,024.21. This represents a 4.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.39% of the company’s stock.

Eagle Bancorp Price Performance

Shares of EGBN opened at $18.77 on Monday. The business’s fifty day moving average is $19.87 and its 200 day moving average is $24.03. Eagle Bancorp, Inc. has a 12-month low of $15.99 and a 12-month high of $30.94. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The stock has a market cap of $570.18 million, a P/E ratio of -11.96 and a beta of 1.02.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.40). The business had revenue of $73.86 million during the quarter, compared to the consensus estimate of $71.93 million. Eagle Bancorp had a negative net margin of 6.65% and a positive return on equity of 4.68%. Sell-side analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 5th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.66 dividend on an annualized basis and a yield of 3.52%. Eagle Bancorp’s dividend payout ratio (DPR) is currently -44.00%.

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.