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


Mutual of America Capital Management LLC increased its position in Eagle Bancorp, Inc. (NASDAQ: EGBN – Get Rating) by 5.5% in Q1, according to its latest communication with the Securities and Exchange Commission (SEC). The company held 4,603 shares of the financial services provider after buying an additional 238 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Eagle Bancorp were worth $262,000 when it last filed with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently changed their positions in EGBN. Janney Montgomery Scott LLC increased its stake in Eagle Bancorp shares by 7.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,643 shares of the financial services provider valued at $796,000 after purchasing an additional 1,000 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Eagle Bancorp in the fourth quarter worth approximately $798,000. New Jersey State Joint Pension Fund D increased its holdings in Eagle Bancorp 0.6% in the fourth quarter. New Jersey State Joint Pension Fund D now owns 47,507 shares of the financial services provider worth $2,772,000 after acquiring 273 additional shares in the last quarter. Yousif Capital Management LLC purchased a new stake in Eagle Bancorp in the fourth quarter valued at approximately $1,715,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Eagle Bancorp in the fourth quarter valued at approximately $1,521,000. Institutional investors and hedge funds own 73.83% of the company’s shares.

Eagle Bancorp Price Performance

Eagle Bancorp shares opened at $48.46 on Tuesday. The stock has a market capitalization of $1.55 billion, a price-earnings ratio of 9.97 and a beta of 0.94. Eagle Bancorp, Inc. has a 52-week low of $44.85 and a 52-week high of $63.84. The stock’s 50-day moving average price is $47.63 and its two-hundred-day moving average price is $53.41. The company has a debt ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79.

Eagle Bancorp (NASDAQ:EGBN – Get Rating) last released its quarterly results on Wednesday, July 20. The financial services provider reported earnings per share (EPS) of $0.78 for the quarter, missing analyst consensus estimates of $1.15 per ($0.37). The company posted revenue of $88.48 million for the quarter, versus a consensus estimate of $91.00 million. Eagle Bancorp had a return on equity of 12.98% and a net margin of 39.92%. In the same quarter a year earlier, the company posted earnings per share of $1.50. On average, stock analysts predict Eagle Bancorp, Inc. will post 4.5 earnings per share for the current year.

Eagle Bancorp increases its dividend

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

A Wall Street analyst gives his opinion

Separately, StockNews.com upgraded Eagle Bancorp from a “hold” to a “sell” rating in a Friday, July 22 report.

Eagle Bancorp Company Profile

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Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.

Further reading

Want to see which other hedge funds hold EGBN? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Rating).

Institutional ownership by quarter for Eagle Bancorp (NASDAQ:EGBN)



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