Eagle Bancorp (NASDAQ:EGBN) Trading Down 4.1%

Eagle Bancorp, Inc. (NASDAQ:EGBN) dropped 4.1% during trading on Wednesday . The stock traded as low as $20.05 and last traded at $20.12. Approximately 8,255 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 306,239 shares. The stock had previously closed at $20.97.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EGBN shares. StockNews.com downgraded Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, June 9th. Keefe, Bruyette & Woods increased their price objective on Eagle Bancorp from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th.

Eagle Bancorp Stock Up 0.7 %

The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $629.55 million, a price-to-earnings ratio of 8.31 and a beta of 1.09. The firm’s 50-day moving average price is $20.80 and its 200 day moving average price is $20.47.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.34. Eagle Bancorp had a negative net margin of 5.28% and a positive return on equity of 5.50%. The company had revenue of $175.06 million for the quarter, compared to the consensus estimate of $80.90 million. During the same period last year, the company posted $0.94 EPS. On average, sell-side analysts forecast that Eagle Bancorp, Inc. will post 1.46 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Saturday, July 20th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.63%. The ex-dividend date was Friday, July 19th. Eagle Bancorp’s dividend payout ratio is currently 71.71%.

Institutional Trading of Eagle Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Riverview Trust Co acquired a new stake in shares of Eagle Bancorp in the 1st quarter valued at about $26,000. Point72 Asset Management L.P. purchased a new position in Eagle Bancorp in the second quarter valued at approximately $35,000. Carmichael Hill & Associates Inc. grew its stake in shares of Eagle Bancorp by 36.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 721 shares during the period. Meeder Asset Management Inc. bought a new position in Eagle Bancorp during the second quarter worth about $89,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Eagle Bancorp by 122.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,917 shares of the financial services provider’s stock valued at $131,000 after buying an additional 3,804 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

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.