Gamco Investors INC. ET AL Has $4.93 Million Stock Position in Eagle Bancorp, Inc. $EGBN

Gamco Investors INC. ET AL reduced its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 7.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 243,900 shares of the financial services provider’s stock after selling 20,550 shares during the quarter. Gamco Investors INC. ET AL owned 0.80% of Eagle Bancorp worth $4,932,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC grew its holdings in shares of Eagle Bancorp by 8.9% during the 1st quarter. AQR Capital Management LLC now owns 219,930 shares of the financial services provider’s stock valued at $4,619,000 after purchasing an additional 17,943 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Eagle Bancorp by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,581 shares of the financial services provider’s stock worth $369,000 after buying an additional 780 shares during the period. Millennium Management LLC lifted its stake in shares of Eagle Bancorp by 164.6% in the first quarter. Millennium Management LLC now owns 314,370 shares of the financial services provider’s stock worth $6,602,000 after acquiring an additional 195,567 shares during the period. Empowered Funds LLC boosted its position in Eagle Bancorp by 65.0% during the first quarter. Empowered Funds LLC now owns 91,087 shares of the financial services provider’s stock valued at $1,913,000 after acquiring an additional 35,898 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Eagle Bancorp by 1,307.8% during the 2nd quarter. Huntington National Bank now owns 5,406 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 5,022 shares in the last quarter. 78.03% of the stock is owned by institutional investors and hedge funds.

Eagle Bancorp Trading Down 0.9%

EGBN stock opened at $25.28 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.86. Eagle Bancorp, Inc. has a 1-year low of $15.03 and a 1-year high of $29.26. The business has a 50 day simple moving average of $24.77 and a two-hundred day simple moving average of $21.33. The company has a market capitalization of $767.75 million, a price-to-earnings ratio of -6.00 and a beta of 1.03.

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

Eagle Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.01 per share. The ex-dividend date was Monday, February 2nd. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Eagle Bancorp’s dividend payout ratio (DPR) is currently -0.95%.

Analysts Set New Price Targets

EGBN has been the subject of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Eagle Bancorp in a research note on Wednesday, January 21st. Zacks Research cut shares of Eagle Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Piper Sandler increased their price objective on Eagle Bancorp from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Finally, UBS Group set a $25.00 target price on Eagle Bancorp in a research note on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $23.60.

About Eagle Bancorp

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.