Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Acquires $98,519.80 in Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Susan G. Riel purchased 5,260 shares of the stock in a transaction dated Tuesday, April 30th. The stock was purchased at an average price of $18.73 per share, for a total transaction of $98,519.80. Following the completion of the acquisition, the chief executive officer now directly owns 332,210 shares in the company, valued at approximately $6,222,293.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eagle Bancorp Stock Up 1.2 %

Shares of EGBN stock opened at $20.03 on Friday. The stock’s fifty day moving average price is $22.00 and its 200 day moving average price is $24.07. Eagle Bancorp, Inc. has a 1-year low of $16.72 and a 1-year high of $31.97. The company has a market cap of $599.48 million, a price-to-earnings ratio of 7.98 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.01 and a quick ratio of 0.97.

Eagle Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, April 18th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, April 17th. This represents a $1.80 annualized dividend and a dividend yield of 8.99%. Eagle Bancorp’s dividend payout ratio (DPR) is currently 71.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Friday.

Hedge Funds Weigh In On Eagle Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC increased its stake in Eagle Bancorp by 3.3% during the 3rd quarter. HighTower Advisors LLC now owns 19,348 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 612 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Eagle Bancorp by 18.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,340 shares of the financial services provider’s stock valued at $115,000 after buying an additional 828 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Eagle Bancorp by 1,910.2% in the 4th quarter. Versant Capital Management Inc now owns 985 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 936 shares during the period. Riverview Trust Co purchased a new position in Eagle Bancorp in the 1st quarter worth $26,000. Finally, WBI Investments Inc. lifted its position in Eagle Bancorp by 8.7% during the 3rd quarter. WBI Investments Inc. now owns 14,210 shares of the financial services provider’s stock worth $305,000 after acquiring an additional 1,140 shares during the period. 78.03% of the stock is owned by hedge funds and other institutional investors.

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.