Hotchkis & Wiley Capital Management LLC Sells 71,300 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Hotchkis & Wiley Capital Management LLC reduced its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 10.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 620,480 shares of the financial services provider’s stock after selling 71,300 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 2.05% of Eagle Bancorp worth $14,010,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new position in Eagle Bancorp in the 2nd quarter worth about $35,000. Carmichael Hill & Associates Inc. lifted its holdings in shares of Eagle Bancorp by 36.1% in the second quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider’s stock worth $51,000 after buying an additional 721 shares in the last quarter. GAMMA Investing LLC boosted its position 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 valued at $55,000 after acquiring an additional 1,234 shares during the period. Nisa Investment Advisors LLC grew its stake in Eagle Bancorp by 49.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 846 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Eagle Bancorp during the 2nd quarter worth approximately $89,000. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on EGBN shares. StockNews.com raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Piper Sandler assumed coverage on Eagle Bancorp in a research report on Monday, October 21st. They set a “neutral” rating and a $27.00 target price for the company.

Eagle Bancorp Trading Down 1.6 %

Shares of Eagle Bancorp stock opened at $29.21 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. Eagle Bancorp, Inc. has a 1 year low of $15.99 and a 1 year high of $31.97. The firm has a market cap of $882.20 million, a PE ratio of -20.86 and a beta of 1.09. The company has a 50 day simple moving average of $26.13 and a two-hundred day simple moving average of $22.06.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.27. The company had revenue of $180.76 million during the quarter, compared to the consensus estimate of $80.31 million. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%. During the same period in the previous year, the firm posted $0.91 EPS. Analysts expect that Eagle Bancorp, Inc. will post 1.68 earnings per share for the current fiscal year.

Eagle Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 21st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.66 annualized dividend and a dividend yield of 2.26%. Eagle Bancorp’s dividend payout ratio (DPR) is presently -47.14%.

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.