Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Sold by Verdad Advisers LP

Verdad Advisers LP lowered its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 33.3% during the fourth quarter, HoldingsChannel reports. The firm owned 27,000 shares of the financial services provider’s stock after selling 13,500 shares during the quarter. Eagle Bancorp comprises approximately 1.7% of Verdad Advisers LP’s portfolio, making the stock its 21st biggest holding. Verdad Advisers LP’s holdings in Eagle Bancorp were worth $814,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Eagle Bancorp by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,044,835 shares of the financial services provider’s stock valued at $31,493,000 after purchasing an additional 54,480 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Eagle Bancorp by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 497,083 shares of the financial services provider’s stock valued at $14,982,000 after purchasing an additional 38,696 shares during the period. AQR Capital Management LLC increased its holdings in shares of Eagle Bancorp by 378.9% in the third quarter. AQR Capital Management LLC now owns 361,217 shares of the financial services provider’s stock valued at $7,748,000 after purchasing an additional 285,790 shares during the period. American Century Companies Inc. grew its holdings in Eagle Bancorp by 9.6% during the third quarter. American Century Companies Inc. now owns 322,662 shares of the financial services provider’s stock worth $6,921,000 after acquiring an additional 28,384 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in Eagle Bancorp by 8.4% during the third quarter. Gamco Investors INC. ET AL now owns 322,599 shares of the financial services provider’s stock worth $6,920,000 after acquiring an additional 24,931 shares during the period. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Stock Up 0.3 %

EGBN stock traded up $0.06 on Tuesday, reaching $20.50. 254,581 shares of the company’s stock were exchanged, compared to its average volume of 301,384. The stock has a fifty day moving average of $21.30 and a 200-day moving average of $24.19. Eagle Bancorp, Inc. has a twelve month low of $17.46 and a twelve month high of $31.97. The firm has a market cap of $618.90 million, a PE ratio of 8.20 and a beta of 1.05.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.60). Eagle Bancorp had a return on equity of 6.11% and a net margin of 11.14%. The business had revenue of $78.29 million for the quarter, compared to analyst estimates of $75.51 million. On average, equities research analysts predict that Eagle Bancorp, Inc. will post 2.01 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, April 18th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, April 17th. This represents a $1.80 dividend on an annualized basis and a yield of 8.78%. Eagle Bancorp’s payout ratio is 71.71%.

Insiders Place Their Bets

In other news, CEO Susan G. Riel bought 5,260 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were bought at an average cost of $18.73 per share, for a total transaction of $98,519.80. Following the completion of the transaction, the chief executive officer now owns 332,210 shares in the company, valued at $6,222,293.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Eagle Bancorp news, EVP Lindsey S. Rheaume sold 22,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $22.98, for a total transaction of $505,560.00. Following the sale, the executive vice president now directly owns 9,075 shares in the company, valued at $208,543.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Susan G. Riel acquired 5,260 shares of Eagle Bancorp stock in a transaction dated Tuesday, April 30th. The stock was bought at an average price of $18.73 per share, for a total transaction of $98,519.80. Following the completion of the transaction, the chief executive officer now directly owns 332,210 shares of the company’s stock, valued at $6,222,293.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 6,082 shares of company stock worth $114,283. 3.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Monday, May 13th.

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.