Inspire Investing LLC Decreases Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Inspire Investing LLC lowered its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 15.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,479 shares of the financial services provider’s stock after selling 2,931 shares during the quarter. Inspire Investing LLC’s holdings in Eagle Bancorp were worth $403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in Eagle Bancorp by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,409,440 shares of the financial services provider’s stock worth $26,637,000 after purchasing an additional 169,621 shares in the last quarter. Renaissance Technologies LLC lifted its position in Eagle Bancorp by 401.1% in the second quarter. Renaissance Technologies LLC now owns 105,636 shares of the financial services provider’s stock valued at $1,997,000 after acquiring an additional 84,556 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Eagle Bancorp by 9.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,007 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 1,112 shares during the period. Intech Investment Management LLC purchased a new position in shares of Eagle Bancorp during the second quarter worth approximately $305,000. Finally, Sei Investments Co. increased its stake in Eagle Bancorp by 50.4% in the second quarter. Sei Investments Co. now owns 25,857 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 8,662 shares during the period. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Price Performance

EGBN stock opened at $25.46 on Friday. The stock has a market capitalization of $768.89 million, a price-to-earnings ratio of -16.22 and a beta of 1.10. Eagle Bancorp, Inc. has a 52-week low of $15.99 and a 52-week high of $30.94. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $27.05 and its 200-day simple moving average is $24.29.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results 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 4.69% and a negative net margin of 6.65%. Equities research analysts expect that Eagle Bancorp, Inc. will post 2.42 EPS for the current year.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, February 7th. Eagle Bancorp’s payout ratio is -42.04%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EGBN. Piper Sandler decreased their price target on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a report on Friday. StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Eagle Bancorp from $25.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.