Eagle Bancorp, Inc. (NASDAQ:EGBN) CFO Eric R. Newell Purchases 1,170 Shares of Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) CFO Eric R. Newell purchased 1,170 shares of Eagle Bancorp stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $21.37 per share, for a total transaction of $25,002.90. Following the transaction, the chief financial officer now directly owns 28,733 shares of the company’s stock, valued at $614,024.21. This trade represents a 4.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eagle Bancorp Price Performance

Shares of EGBN opened at $21.61 on Friday. The stock has a market cap of $652.67 million, a PE ratio of -13.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.88. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94. The firm’s 50-day simple moving average is $24.82 and its two-hundred day simple moving average is $25.05.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Analysts anticipate that Eagle Bancorp, Inc. will post 2.31 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.165 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.66 annualized dividend and a dividend yield of 3.05%. Eagle Bancorp’s dividend payout ratio is presently -42.04%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EGBN. Piper Sandler reduced their price target on shares of Eagle Bancorp from $31.00 to $27.50 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Keefe, Bruyette & Woods reduced their price target on shares of Eagle Bancorp from $32.00 to $30.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EGBN. Fourthstone LLC lifted its stake in shares of Eagle Bancorp by 382.7% in the fourth quarter. Fourthstone LLC now owns 1,276,653 shares of the financial services provider’s stock worth $33,231,000 after buying an additional 1,012,182 shares in the last quarter. North Reef Capital Management LP lifted its position in Eagle Bancorp by 251.9% during the fourth quarter. North Reef Capital Management LP now owns 967,593 shares of the financial services provider’s stock valued at $25,186,000 after purchasing an additional 692,593 shares during the period. JPMorgan Chase & Co. lifted its position in Eagle Bancorp by 69.5% during the fourth quarter. JPMorgan Chase & Co. now owns 268,214 shares of the financial services provider’s stock valued at $6,982,000 after purchasing an additional 109,960 shares during the period. Algert Global LLC lifted its position in Eagle Bancorp by 146.4% during the third quarter. Algert Global LLC now owns 154,462 shares of the financial services provider’s stock valued at $3,488,000 after purchasing an additional 91,782 shares during the period. Finally, American Century Companies Inc. lifted its position in Eagle Bancorp by 14.7% during the fourth quarter. American Century Companies Inc. now owns 648,192 shares of the financial services provider’s stock valued at $16,872,000 after purchasing an additional 83,305 shares during the period. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Company Profile

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.