American Century Companies Inc. Buys 72,415 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

American Century Companies Inc. boosted its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 16.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 510,770 shares of the financial services provider’s stock after purchasing an additional 72,415 shares during the quarter. American Century Companies Inc. owned approximately 1.69% of Eagle Bancorp worth $9,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Riverview Trust Co bought a new position in Eagle Bancorp in the 1st quarter worth about $26,000. Carmichael Hill & Associates Inc. boosted its stake in Eagle Bancorp by 36.1% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 721 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Eagle Bancorp during the 4th quarter valued at about $200,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Eagle Bancorp by 122.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,917 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 3,804 shares during the last quarter. Finally, Options Solutions LLC bought a new stake in shares of Eagle Bancorp during the 4th quarter valued at about $241,000. Institutional investors own 78.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EGBN shares. StockNews.com downgraded Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, June 9th. Keefe, Bruyette & Woods lifted their price target on Eagle Bancorp from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, July 29th.

Eagle Bancorp Stock Performance

Shares of NASDAQ EGBN opened at $22.91 on Monday. The stock has a market cap of $691.65 million, a price-to-earnings ratio of 9.13 and a beta of 1.09. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.42. Eagle Bancorp, Inc. has a 1-year low of $15.99 and a 1-year high of $31.97. The stock’s 50-day moving average is $21.21 and its 200 day moving average is $20.40.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.34. The company had revenue of $175.06 million for the quarter, compared to analysts’ expectations of $80.90 million. Eagle Bancorp had a positive return on equity of 5.50% and a negative net margin of 5.28%. During the same period last year, the firm posted $0.94 EPS. On average, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 1.46 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Saturday, July 20th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.86%. Eagle Bancorp’s dividend payout ratio is 71.71%.

Eagle Bancorp 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.