Trexquant Investment LP Lowers Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Trexquant Investment LP cut its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 36.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,726 shares of the financial services provider’s stock after selling 28,933 shares during the period. Trexquant Investment LP owned 0.17% of Eagle Bancorp worth $1,320,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in Eagle Bancorp by 54.1% during the 4th quarter. Franklin Resources Inc. now owns 40,599 shares of the financial services provider’s stock worth $1,057,000 after purchasing an additional 14,252 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Eagle Bancorp by 69.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 178,418 shares of the financial services provider’s stock valued at $4,644,000 after purchasing an additional 73,378 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Eagle Bancorp by 69.5% in the 4th quarter. JPMorgan Chase & Co. now owns 268,214 shares of the financial services provider’s stock valued at $6,982,000 after purchasing an additional 109,960 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Eagle Bancorp by 16.9% in the 4th quarter. Prudential Financial Inc. now owns 47,146 shares of the financial services provider’s stock valued at $1,227,000 after purchasing an additional 6,800 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Eagle Bancorp by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 2,689,423 shares of the financial services provider’s stock valued at $70,006,000 after purchasing an additional 35,255 shares in the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Price Performance

Shares of NASDAQ:EGBN opened at $20.35 on Thursday. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week 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 company has a market cap of $614.65 million, a PE ratio of -12.96 and a beta of 1.04. The firm has a 50-day simple moving average of $22.55 and a 200 day simple moving average of $24.93.

Eagle Bancorp (NASDAQ:EGBN) last posted its 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 4.68% and a negative net margin of 6.65%. On average, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Friday, February 7th. Eagle Bancorp’s dividend payout ratio (DPR) is presently -42.04%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a research report on Monday, January 27th. Piper Sandler lowered their price objective on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating for the company in a research report on Friday, January 24th.

Insider Activity at Eagle Bancorp

In other Eagle Bancorp news, CFO Eric R. Newell bought 1,170 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $21.37 per share, with a total value of $25,002.90. Following the completion of the purchase, the chief financial officer now directly owns 28,733 shares in the company, valued at approximately $614,024.21. This trade represents a 4.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.10% of the company’s stock.

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.