Eagle Bancorp, Inc. (NASDAQ:EGBN) CFO Purchases $25,002.90 in Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) CFO Eric R. Newell acquired 1,170 shares of the stock in a transaction on Friday, March 7th. The shares were bought at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the purchase, the chief financial officer now owns 28,733 shares in the company, valued at approximately $614,024.21. This trade represents a 4.24 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Eagle Bancorp Price Performance

EGBN traded down $0.29 on Monday, reaching $21.32. The stock had a trading volume of 54,786 shares, compared to its average volume of 310,004. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $644.07 million, a price-to-earnings ratio of -13.56 and a beta of 1.08. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94. The firm has a 50-day moving average of $24.73 and a 200-day moving average of $25.13.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.01). Eagle Bancorp had a positive return on equity of 4.68% and a negative net margin of 6.65%. As a group, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

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Eagle Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, February 7th. Eagle Bancorp's dividend payout ratio is presently -42.04%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Piper Sandler lowered their price objective on shares of Eagle Bancorp from $31.00 to $27.50 and set a "neutral" rating for the company in a research report on Friday, January 24th. Keefe, Bruyette & Woods dropped their target price on shares of Eagle Bancorp from $32.00 to $30.00 and set a "market perform" rating for the company in a report on Monday, January 27th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC increased its holdings in Eagle Bancorp by 4.3% in the third quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider's stock worth $247,000 after purchasing an additional 450 shares in the last quarter. LPL Financial LLC boosted its position in shares of Eagle Bancorp by 2.4% during the 4th quarter. LPL Financial LLC now owns 20,246 shares of the financial services provider's stock worth $527,000 after purchasing an additional 467 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Eagle Bancorp by 3.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,801 shares of the financial services provider's stock worth $437,000 after purchasing an additional 488 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Eagle Bancorp by 5.7% in the 4th quarter. Quantinno Capital Management LP now owns 11,146 shares of the financial services provider's stock valued at $290,000 after buying an additional 601 shares during the period. Finally, Ieq Capital LLC increased its position in Eagle Bancorp by 3.3% in the 4th quarter. Ieq Capital LLC now owns 20,724 shares of the financial services provider's stock valued at $539,000 after buying an additional 667 shares in the last quarter. Institutional investors and hedge funds own 78.03% of the company's stock.

About Eagle Bancorp

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.