Eagle Bancorp (NASDAQ:EGBN) CFO Purchases $49,847.70 in Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) CFO Eric Newell acquired 1,470 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was purchased at an average price of $33.91 per share, with a total value of $49,847.70. Following the acquisition, the chief financial officer owned 9,303 shares of the company’s stock, valued at approximately $315,464.73. This trade represents a 18.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Eagle Bancorp Price Performance

Shares of Eagle Bancorp stock opened at $34.38 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $29.90 and its two-hundred day moving average price is $27.52. Eagle Bancorp, Inc. has a 52 week low of $15.58 and a 52 week high of $35.05. The stock has a market cap of $1.05 billion, a PE ratio of 19.65 and a beta of 0.97.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.45. The company had revenue of $70.87 million for the quarter, compared to analysts’ expectations of $71.78 million. Eagle Bancorp had a net margin of 9.30% and a return on equity of 4.66%. As a group, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 1.84 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on EGBN. Hovde Group initiated coverage on shares of Eagle Bancorp in a research note on Wednesday, October 7th. They set an “outperform” rating and a $37.00 price objective for the company. Zacks Research upgraded Eagle Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Eagle Bancorp in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Eagle Bancorp currently has a consensus rating of “Hold” and a consensus target price of $31.00.

Institutional Investors Weigh In On Eagle Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in EGBN. Stone Point Capital LLC bought a new position in Eagle Bancorp during the second quarter valued at approximately $21,660,548,000. Wellington Management Group LLP lifted its position in shares of Eagle Bancorp by 5.9% in the second quarter. Wellington Management Group LLP now owns 1,233,336 shares of the financial services provider’s stock worth $35,014,000 after buying an additional 68,314 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Eagle Bancorp by 15.2% in the first quarter. Quantinno Capital Management LP now owns 187,900 shares of the financial services provider’s stock worth $4,673,000 after buying an additional 24,842 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Eagle Bancorp during the 2nd quarter worth about $4,678,000. Finally, Principal Financial Group Inc. raised its stake in shares of Eagle Bancorp by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 134,598 shares of the financial services provider’s stock valued at $3,347,000 after acquiring an additional 2,776 shares in the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

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.