Choreo LLC Sells 1,664 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Choreo LLC reduced its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,423 shares of the financial services provider’s stock after selling 1,664 shares during the period. Choreo LLC owned about 0.12% of Eagle Bancorp worth $943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EGBN. Point72 DIFC Ltd acquired a new stake in Eagle Bancorp during the 3rd quarter worth approximately $48,000. R Squared Ltd acquired a new position in shares of Eagle Bancorp during the fourth quarter worth $51,000. GAMMA Investing LLC grew its stake in shares of Eagle Bancorp by 102.0% in the third quarter. GAMMA Investing LLC now owns 2,444 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 1,234 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Eagle Bancorp by 49.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 846 shares during the period. Finally, FMR LLC raised its position in Eagle Bancorp by 84.9% during the 3rd quarter. FMR LLC now owns 4,785 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 2,197 shares during the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Stock Performance

Shares of EGBN opened at $26.16 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $26.47 and its two-hundred day simple moving average is $24.62. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $30.94. The stock has a market capitalization of $790.03 million, a P/E ratio of -16.66 and a beta of 1.09.

Eagle Bancorp (NASDAQ:EGBN) last announced 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 negative net margin of 6.65% and a positive return on equity of 4.68%. As a group, analysts predict that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, February 7th. Eagle Bancorp’s dividend payout ratio (DPR) is -42.04%.

Wall Street Analysts Forecast Growth

EGBN has been the topic of a number of analyst reports. StockNews.com upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Piper Sandler reduced their target price on Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Monday, January 27th.

About Eagle Bancorp

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.