Lafayette Investments Inc. Sells 750 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Lafayette Investments Inc. decreased its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,750 shares of the financial services provider’s stock after selling 750 shares during the quarter. Lafayette Investments Inc. owned approximately 0.06% of Eagle Bancorp worth $352,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EGBN. LPL Financial LLC boosted its holdings in Eagle Bancorp by 2.4% in the 4th quarter. LPL Financial LLC now owns 20,246 shares of the financial services provider’s stock worth $527,000 after buying an additional 467 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Eagle Bancorp by 3.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,801 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 488 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Eagle Bancorp by 5.7% in the fourth quarter. Quantinno Capital Management LP now owns 11,146 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 601 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Eagle Bancorp by 353.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 775 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Eagle Bancorp by 42.0% during the 4th quarter. Russell Investments Group Ltd. now owns 3,153 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 933 shares during the period. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Stock Down 1.7%

Shares of EGBN opened at $18.56 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $563.80 million, a price-to-earnings ratio of -12.37 and a beta of 1.03. Eagle Bancorp, Inc. has a 1 year low of $16.68 and a 1 year high of $30.94. The business’s 50 day simple moving average is $18.15 and its 200-day simple moving average is $21.80.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.40). Eagle Bancorp had a positive return on equity of 4.86% and a negative net margin of 6.52%. The business had revenue of $73.86 million during the quarter, compared to the consensus estimate of $71.93 million. As a group, equities analysts expect that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Monday, May 5th. Eagle Bancorp’s dividend payout ratio is -44.00%.

Wall Street Analyst Weigh In

EGBN has been the subject of several recent analyst reports. Keefe, Bruyette & Woods dropped their price target on Eagle Bancorp from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. Jefferies Financial Group set a $20.00 target price on shares of Eagle Bancorp and gave the stock a “hold” rating in a report on Wednesday, May 21st. Janney Montgomery Scott raised shares of Eagle Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, June 10th. Piper Sandler decreased their price target on shares of Eagle Bancorp from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Finally, Wall Street Zen downgraded shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Eagle Bancorp currently has a consensus rating of “Hold” and a consensus target price of $21.75.

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.