Eagle Bancorp, Inc. (NASDAQ: EGBN – Get a rating) shares hit a fresh 52-week low in Thursday’s session. The stock traded as low as $45.00 and last traded at $45.08, with a volume of 1032 shares traded. The stock previously closed at $46.65.
Separately, StockNews.com supposed coverage of Eagle Bancorp shares in a Thursday, March 31 research report. They have placed a “holding” rating on the stock.
The stock has a market capitalization of $1.45 billion, a PE ratio of 8.36 and a beta of 0.98. The stock has a fifty-day moving average of $50.56 and a 200-day moving average of $55.92. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt ratio of 0.06.
Eagle Bancorp (NASDAQ: EGBN – Get a rating) last reported results on Wednesday, April 20. The financial services provider reported earnings per share (EPS) of $1.42 for the quarter, beating consensus analyst 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. In the same quarter a year earlier, the company posted earnings per share of $1.36. Equity research analysts expect Eagle Bancorp, Inc. to post earnings per share of 4.98 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 29. Investors of record on Monday, April 11 received a dividend of $0.40 per share. The ex-dividend date was Friday, April 8. This represents an annualized dividend of $1.60 and a yield of 3.54%. Eagle Bancorp’s dividend payout ratio is currently 28.67%.
Several hedge funds have recently changed their holdings of EGBN. Norges Bank bought a new position in Eagle Bancorp in the fourth quarter, valued at around $25,436,000. Invesco Ltd. increased its position in Eagle Bancorp shares by 95.6% in the first quarter. Invesco Ltd. now owns 304,792 shares of the financial services provider worth $17,376,000 after acquiring an additional 148,941 shares in the last quarter. Millennium Management LLC increased its equity stake in Eagle Bancorp by 357.9% during the 4th quarter. Millennium Management LLC now owns 165,206 shares of the financial services provider worth $9,638,000 after purchasing an additional 129,126 shares in the last quarter. State Street Corp increased its stake in Eagle Bancorp by 9.7% during the first quarter. State Street Corp now owns 1,368,799 shares of the financial services provider worth $78,035,000 after acquiring an additional 120,501 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Eagle Bancorp shares by 7.9% in the 1st quarter. Victory Capital Management Inc. now owns 1,577,404 shares of the financial services provider worth $89,480,000 after purchasing an additional 115,267 shares during the period. 73.83% of the shares are held by institutional investors and hedge funds.
About Eagle Bancorp (NASDAQ: EGBN)
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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