Eagle Bancorp, Inc. (NASDAQ:EGBN) Stock Sold by Chevy Chase Trust Holdings Inc.
Chevy Chase Trust Holdings Inc. reduced its stake in shares of Eagle Bancorp, Inc. (NASDAQ: EGBN – Get Rating) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund held 48,764 shares of the financial services provider after selling 445 shares during the period. Chevy Chase Trust Holdings Inc. held 0.15% of Eagle Bancorp worth $2,780,000 when it last filed with the SEC.
Other major investors have also changed their positions in the company. American Century Companies Inc. increased its stake in shares of Eagle Bancorp by 35.0% during the fourth quarter. American Century Companies Inc. now owns 108,502 shares of the financial services provider valued at $6,330,000 after acquiring an additional 28,124 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Eagle Bancorp by 9.8% during the fourth quarter. Geode Capital Management LLC now owns 548,878 shares of the financial services provider valued at $32,021,000 after acquiring an additional 48,783 shares in the last quarter. Pinebridge Investments LP acquired a new equity stake in Eagle Bancorp during the fourth quarter valued at $76,000. Qube Research & Technologies Ltd acquired a new stake in shares of Eagle Bancorp during the fourth quarter at a value of $1,521,000. Finally, Gamco Investors INC. ET AL increased its stake in shares of Eagle Bancorp by 0.5% during the fourth quarter. Gamco Investors Inc. ET AL now owns 89,076 shares of the financial services provider valued at $5,197,000 after acquiring an additional 456 shares in the last quarter. Institutional investors and hedge funds own 73.83% of the company’s shares.
Eagle Bancorp Stock up 2.7%
NASDAQ:EGBN shares opened at $47.09 on Monday. The stock’s 50-day moving average price is $47.93 and its two-hundred-day moving average price is $54.49. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt ratio of 0.06. Eagle Bancorp, Inc. has a 12-month low of $44.85 and a 12-month high of $63.84. The company has a market capitalization of $1.51 billion, a price-earnings ratio of 8.44 and a beta of 0.96.
Eagle Bancorp (NASDAQ:EGBN – Get Rating) last released its quarterly results on Wednesday, April 20. The financial services provider reported earnings per share (EPS) of $1.42 for the quarter, beating analyst consensus estimates of $1.06 by $0.36. Eagle Bancorp had a return on equity of 13.63% and a net margin of 45.21%. The company posted revenue of $87.91 million for the quarter, versus analyst estimates of $86.40 million. During the same period last year, the company achieved EPS of $1.36. On average, research analysts expect Eagle Bancorp, Inc. to post EPS of 4.89 for the current year.
Eagle Bancorp increases its dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 29. Shareholders of record on Monday, July 11 will receive a dividend of $0.45. This represents a dividend of $1.80 on an annualized basis and a yield of 3.82%. This is a positive change from Eagle Bancorp’s previous quarterly dividend of $0.40. The ex-date of this dividend is Friday, July 8. Eagle Bancorp’s dividend payout ratio (DPR) is currently 32.26%.
Analysts set new price targets
Separately, StockNews.com began covering Eagle Bancorp in a research note on Thursday, March 31. They have placed a “holding” rating on the stock.
About Eagle Bancorp
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Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.
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