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

Eagle Bancorp, Inc. (NASDAQ:EGBN) CFO Eric R. Newell acquired 1,170 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $21.37 per share, with a total value 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 represents a 4.24 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Eagle Bancorp Trading Down 0.4 %

Shares of Eagle Bancorp stock opened at $21.61 on Monday. The stock has a market capitalization of $652.71 million, a P/E ratio of -13.76 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $24.73 and a 200 day simple moving average of $25.13. Eagle Bancorp, Inc. has a 12-month low of $15.99 and a 12-month high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share (EPS) 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%. Research analysts expect that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors 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 dividend yield of 3.05%. The ex-dividend date was Friday, February 7th. Eagle Bancorp’s dividend payout ratio (DPR) is currently -42.04%.

Institutional Investors Weigh In On Eagle Bancorp

A number of hedge funds have recently made changes to their positions in EGBN. HighTower Advisors LLC grew its holdings in Eagle Bancorp by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 450 shares during the last quarter. LPL Financial LLC grew its holdings in 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 acquiring an additional 467 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 acquiring an additional 488 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Eagle Bancorp by 5.7% during the 4th quarter. Quantinno Capital Management LP now owns 11,146 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 601 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in Eagle Bancorp by 3.3% during the 4th quarter. Ieq Capital LLC now owns 20,724 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 667 shares during the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EGBN shares. Keefe, Bruyette & Woods dropped their price objective on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a research note on Monday, January 27th. Piper Sandler dropped 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 note on Friday, January 24th.

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.