SG Americas Securities LLC Has $439,000 Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

SG Americas Securities LLC reduced its position in Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Rating) by 74.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,700 shares of the financial services provider’s stock after selling 22,146 shares during the quarter. SG Americas Securities LLC’s holdings in Eagle Bancorp were worth $439,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D raised its position in Eagle Bancorp by 0.6% during 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 purchasing an additional 273 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Eagle Bancorp by 0.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 89,076 shares of the financial services provider’s stock valued at $5,197,000 after buying an additional 456 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Eagle Bancorp by 0.7% in the fourth quarter. Public Sector Pension Investment Board now owns 65,070 shares of the financial services provider’s stock valued at $3,796,000 after buying an additional 480 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Eagle Bancorp by 18.4% during the fourth quarter. Teacher Retirement System of Texas now owns 6,087 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 946 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Eagle Bancorp by 7.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,643 shares of the financial services provider’s stock worth $796,000 after acquiring an additional 1,000 shares during the last quarter. 73.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Eagle Bancorp Stock Up 0.1 %

Shares of EGBN opened at $47.72 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. Eagle Bancorp, Inc. has a 52 week low of $44.85 and a 52 week high of $63.84. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 9.82 and a beta of 0.94. The stock has a fifty day moving average of $47.52 and a 200-day moving average of $53.12.

Eagle Bancorp (NASDAQ:EGBN – Get Rating) last posted its earnings results on Wednesday, July 20th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.37). The firm had revenue of $88.48 million during the quarter, compared to the consensus estimate of $91.00 million. Eagle Bancorp had a net margin of 39.92% and a return on equity of 12.98%. During the same quarter in the prior year, the business posted $1.50 earnings per share. As a group, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 4.5 earnings per share for the current fiscal year.

Eagle Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Monday, July 11th were given a $0.45 dividend. This is a boost from Eagle Bancorp’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 3.77%. The ex-dividend date was Friday, July 8th. Eagle Bancorp’s dividend payout ratio is 37.04%.

About Eagle Bancorp

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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.

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