Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Rating) by 84.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,202 shares of the financial services provider’s stock after selling 32,704 shares during the period. Hsbc Holdings PLC’s holdings in Eagle Bancorp were worth $282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EGBN. Millennium Management LLC grew its holdings in Eagle Bancorp by 436.6% during the 2nd quarter. Millennium Management LLC now owns 394,797 shares of the financial services provider’s stock worth $18,717,000 after acquiring an additional 321,218 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Eagle Bancorp by 2,403.4% in the 2nd quarter. Bank of Montreal Can now owns 217,697 shares of the financial services provider’s stock valued at $10,469,000 after buying an additional 209,001 shares in the last quarter. FMR LLC boosted its holdings in shares of Eagle Bancorp by 13.7% in the 2nd quarter. FMR LLC now owns 1,463,109 shares of the financial services provider’s stock valued at $69,366,000 after buying an additional 176,776 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Eagle Bancorp by 95.6% in the 1st quarter. Invesco Ltd. now owns 304,792 shares of the financial services provider’s stock valued at $17,376,000 after buying an additional 148,941 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Eagle Bancorp by 923.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 147,524 shares of the financial services provider’s stock valued at $6,994,000 after buying an additional 133,105 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Eagle Bancorp Stock Down 4.5 %

EGBN stock opened at $40.08 on Friday. The company has a fifty day moving average price of $45.32 and a 200 day moving average price of $45.68. Eagle Bancorp, Inc. has a 12 month low of $39.85 and a 12 month high of $60.64. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 8.56 and a beta of 0.91. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81.

Eagle Bancorp (NASDAQ:EGBN – Get Rating) last released its quarterly earnings results on Wednesday, January 18th. The financial services provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.16 by $0.16. Eagle Bancorp had a net margin of 33.56% and a return on equity of 13.16%. The firm had revenue of $90.93 million during the quarter, compared to the consensus estimate of $89.20 million. Sell-side analysts expect that Eagle Bancorp, Inc. will post 4.78 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Thursday, January 5th were given a $0.45 dividend. The ex-dividend date was Wednesday, January 4th. This represents a $1.80 dividend on an annualized basis and a yield of 4.49%. Eagle Bancorp’s payout ratio is currently 38.46%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EGBN. Piper Sandler restated a “neutral” rating and issued a $50.00 target price on shares of Eagle Bancorp in a report on Monday, December 5th. StockNews.com cut shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th.

Eagle Bancorp Company Profile

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Eagle Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking services. The firm offers checking accounts, business savings accounts, online and mobile banking, insurance, and investment advisory services, borrowing, and treasury management. Its customers include sole proprietors, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and investors living and working in and near the bank’s primary service area.