Eagle Bancorp (NASDAQ:EGBN) CEO Stephen Russell Curley Buys 4,393 Shares of Company Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Stephen Russell Curley bought 4,393 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were bought at an average cost of $34.05 per share, for a total transaction of $149,581.65. Following the transaction, the chief executive officer owned 54,682 shares in the company, valued at $1,861,922.10. The trade was a 8.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Eagle Bancorp Stock Performance

Eagle Bancorp stock traded down $0.03 during mid-day trading on Thursday, reaching $34.27. 195,198 shares of the company traded hands, compared to its average volume of 330,682. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.87. Eagle Bancorp, Inc. has a fifty-two week low of $15.58 and a fifty-two week high of $35.05. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 19.58 and a beta of 0.97. The firm’s fifty day moving average is $29.76 and its two-hundred day moving average is $27.48.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.45. Eagle Bancorp had a net margin of 9.30% and a return on equity of 4.66%. The business had revenue of $70.87 million during the quarter, compared to analysts’ expectations of $71.78 million. On average, equities research analysts expect that Eagle Bancorp, Inc. will post 1.84 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Friday, November 6th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Eagle Bancorp’s payout ratio is currently 2.29%.

Institutional Investors Weigh In On Eagle Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its holdings in shares of Eagle Bancorp by 16.2% in the 2nd quarter. Versant Capital Management Inc now owns 3,545 shares of the financial services provider’s stock valued at $101,000 after buying an additional 493 shares during the period. Hilton Head Capital Partners LLC raised its position in Eagle Bancorp by 3.3% during the third quarter. Hilton Head Capital Partners LLC now owns 19,011 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 599 shares in the last quarter. Swiss National Bank raised its position in Eagle Bancorp by 1.9% during the first quarter. Swiss National Bank now owns 60,032 shares of the financial services provider’s stock valued at $1,493,000 after acquiring an additional 1,100 shares in the last quarter. Parallel Advisors LLC raised its position in Eagle Bancorp by 502.7% during the third quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,106 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Eagle Bancorp in the second quarter valued at approximately $39,000. 78.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EGBN has been the topic of several research analyst reports. Hovde Group assumed coverage on Eagle Bancorp in a research note on Wednesday, October 7th. They set an “outperform” rating and a $37.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eagle Bancorp in a report on Wednesday, September 2nd. Finally, Zacks Research raised shares of Eagle Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $31.00.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc. is the bank holding company for EagleBank, a community bank headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, organizations and individuals in the Washington, D.C., metropolitan area, including parts of Maryland and Northern Virginia. The company provides commercial and consumer banking services, including business and commercial real estate lending, deposit accounts, cash management and other treasury services. EagleBank also offers banking and lending products to individuals and nonprofit organizations.