Mutual of America Capital Management LLC increased its position in Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Rating) by 5.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,603 shares of the financial services provider’s stock after buying an additional 238 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Eagle Bancorp were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in EGBN. Janney Montgomery Scott LLC increased its stake in shares of Eagle Bancorp by 7.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,643 shares of the financial services provider’s stock valued at $796,000 after buying an additional 1,000 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Eagle Bancorp in the fourth quarter valued at approximately $798,000. State of New Jersey Common Pension Fund D boosted its holdings in Eagle Bancorp by 0.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 47,507 shares of the financial services provider’s stock valued at $2,772,000 after acquiring an additional 273 shares during the last quarter. Yousif Capital Management LLC bought a new stake in Eagle Bancorp in the fourth quarter valued at approximately $1,715,000. Finally, Qube Research & Technologies Ltd bought a new stake in Eagle Bancorp in the fourth quarter valued at approximately $1,521,000. Institutional investors and hedge funds own 73.83% of the company’s stock.
Eagle Bancorp Price Performance
Eagle Bancorp stock opened at $48.46 on Tuesday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 9.97 and a beta of 0.94. Eagle Bancorp, Inc. has a 52-week low of $44.85 and a 52-week high of $63.84. The stock’s 50 day moving average price is $47.63 and its two-hundred day moving average price is $53.41. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79.
Eagle Bancorp (NASDAQ:EGBN – Get Rating) last posted its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.37). The business had revenue of $88.48 million for the quarter, compared to the consensus estimate of $91.00 million. Eagle Bancorp had a return on equity of 12.98% and a net margin of 39.92%. During the same quarter in the previous year, the company posted $1.50 earnings per share. On average, equities analysts predict that Eagle Bancorp, Inc. will post 4.5 earnings per share for the current year.
Eagle Bancorp Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Monday, July 11th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.71%. This is a boost from Eagle Bancorp’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, July 8th. Eagle Bancorp’s dividend payout ratio is presently 37.04%.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 22nd.
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.
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