Eagle Bancorp (NASDAQ:EGBN) CFO Eric Newell Acquires 1,470 Shares of Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) CFO Eric Newell bought 1,470 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The stock was bought at an average price of $33.91 per share, for a total transaction of $49,847.70. Following the completion of the acquisition, the chief financial officer directly owned 9,303 shares in the company, valued at approximately $315,464.73. The trade was a 18.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Eagle Bancorp Trading Down 0.3%

Shares of NASDAQ EGBN opened at $34.04 on Wednesday. Eagle Bancorp, Inc. has a 12 month low of $15.58 and a 12 month high of $35.05. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 19.45 and a beta of 0.97. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $29.61 and a 200-day simple moving average of $27.44.

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

Eagle Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Eagle Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its stake in shares of Eagle Bancorp by 502.7% in the third quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,106 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Eagle Bancorp during the 2nd quarter worth $39,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Eagle Bancorp during the 1st quarter worth $37,000. Fortitude Family Office LLC grew its stake in Eagle Bancorp by 2,280.6% in the 3rd quarter. Fortitude Family Office LLC now owns 1,714 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,642 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Eagle Bancorp in the 2nd quarter valued at $62,000. Institutional investors and hedge funds own 78.03% of the company’s stock.

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.