Principal Financial Group Inc. reduced its position in Eagle Bancorp, Inc. (NASDAQ:EGBNget rating) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,603 shares of the financial services provider after selling 11,940 shares during the quarter. Principal Financial Group Inc. owned 0.73% of Eagle Bancorp worth $13,375,000 at the end of the last quarter.

Other large investors have also recently bought and sold shares in the company. Pinebridge Investments LP acquired a new interest in Eagle Bancorp in the fourth quarter valued at approximately $76,000. Inspire Investing LLC acquired a new stake in Eagle Bancorp in the first quarter valued at approximately $236,000. Mutual of America Capital Management LLC increased its position in Eagle Bancorp by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 4,603 shares of the financial services provider valued at $262,000 after purchasing an additional 238 shares last quarter. Bellecapital International Ltd. acquired a new interest in Eagle Bancorp in the first quarter valued at approximately $280,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Eagle Bancorp in the first quarter valued at approximately $343,000. Institutional investors and hedge funds own 73.83% of the company’s shares.

Wall Street analysts forecast growth

Separately, downgraded Eagle Bancorp’s stock from a “hold” rating to a “sell” rating in a research report on Friday, July 22.

Eagle Bancorp shares fall 3.5%

EGBN Shares opened at $49.28 on Tuesday. Eagle Bancorp, Inc. has a twelve month minimum of $44.85 and a twelve month maximum of $63.84. The firm has a current ratio of 0.79, a quick ratio of 0.79, and a debt-to-equity ratio of 0.06. The company has a market cap of $1.58 billion, a P/E ratio of 10.14, and a beta of 0.94. The company has a 50-day simple moving average of $47.86 and a 200-day simple moving average of $52.23.

Bancorp Eagle (NASDAQ:EGBNget rating) last published its quarterly earnings results on Wednesday, July 20. The financial services provider reported earnings per share of $0.78 for the quarter, below analyst consensus estimates of $1.15 ($0.37). Eagle Bancorp had a return on equity of 13.01% and a net margin of 39.92%. The company had revenue of $88.48 million in the quarter, compared to analyst estimates of $91.00 million. During the same period of the previous year, the business recorded $1.50 EPS. On average, stock research analysts predict that Eagle Bancorp, Inc. will post 4.97 earnings per share for the current fiscal year.

Eagle Bancorp increases dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29. Investors of record on Monday, July 11, were paid a dividend of $0.45 per share. The ex-dividend date was Friday, July 8. This is a boost from Eagle Bancorp’s previous quarterly dividend of $0.40. This represents an annualized dividend of $1.80 and a yield of 3.65%. Eagle Bancorp’s dividend payout ratio (DPR) is 37.04%.

About Eagle Bancorp

(get rating)

Eagle Bancorp, Inc operates as the banking holding company for EagleBank providing commercial and consumer banking services primarily in the United States. The company also offers various business and consumer loan products including business 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; commercial 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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Institutional Ownership by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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