Mutual of America Capital Management LLC Has $262,000 Stake in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Mutual of America Capital Management LLC boosted its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBNGet Rating) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,603 shares of the financial services provider’s stock after purchasing an additional 238 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Eagle Bancorp were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EGBN. Janney Montgomery Scott LLC boosted its position in Eagle Bancorp by 7.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,643 shares of the financial services provider’s stock worth $796,000 after purchasing an additional 1,000 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $798,000. State of New Jersey Common Pension Fund D boosted its position in shares of Eagle Bancorp by 0.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 47,507 shares of the financial services provider’s stock valued at $2,772,000 after acquiring an additional 273 shares during the period. Yousif Capital Management LLC bought a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $1,715,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $1,521,000. 73.83% of the stock is owned by institutional investors.

Eagle Bancorp Trading Down 1.2 %

EGBN opened at $48.46 on Tuesday. Eagle Bancorp, Inc. has a twelve month low of $44.85 and a twelve month high of $63.84. The company has a 50-day simple moving average of $47.63 and a 200 day simple moving average of $53.41. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 9.97 and a beta of 0.94.

Eagle Bancorp (NASDAQ:EGBNGet Rating) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.37). Eagle Bancorp had a return on equity of 12.98% and a net margin of 39.92%. The firm had revenue of $88.48 million for the quarter, compared to the consensus estimate of $91.00 million. During the same period in the prior year, the company earned $1.50 EPS. Analysts predict that Eagle Bancorp, Inc. will post 4.5 EPS for the current fiscal year.

Eagle Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Monday, July 11th were given a dividend of $0.45 per share. This is a boost from Eagle Bancorp’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, July 8th. This represents a $1.80 annualized dividend and a yield of 3.71%. Eagle Bancorp’s dividend payout ratio is currently 37.04%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, July 22nd.

Eagle Bancorp Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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