A. Leslie Ludwig Acquires 1,500 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) Director A. Leslie Ludwig acquired 1,500 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were bought at an average cost of $16.89 per share, with a total value of $25,335.00. Following the completion of the acquisition, the director now owns 41,413 shares in the company, valued at $699,465.57. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Eagle Bancorp Stock Performance

EGBN stock opened at $16.84 on Wednesday. The firm has a fifty day moving average price of $19.28 and a 200 day moving average price of $23.36. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $31.97. The firm has a market cap of $508.40 million, a PE ratio of 6.71 and a beta of 1.07.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results 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 net margin of 11.14% and a return on equity of 6.11%. The business had revenue of $78.29 million during the quarter, compared to analysts’ expectations of $75.51 million. On average, equities analysts predict that Eagle Bancorp, Inc. will post 1.36 EPS for the current year.

Eagle Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, April 18th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.69%. The ex-dividend date of this dividend was Wednesday, April 17th. Eagle Bancorp’s dividend payout ratio (DPR) is presently 71.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, June 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EGBN. AQR Capital Management LLC grew 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 in the last quarter. Epoch Investment Partners Inc. purchased a new position in Eagle Bancorp during the fourth quarter worth $7,801,000. Vanguard Group Inc. boosted its stake in Eagle Bancorp by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 3,362,689 shares of the financial services provider’s stock worth $101,351,000 after buying an additional 126,085 shares during the period. Caxton Associates LP boosted its stake in Eagle Bancorp by 480.5% during the third quarter. Caxton Associates LP now owns 106,547 shares of the financial services provider’s stock worth $2,285,000 after buying an additional 88,193 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Eagle Bancorp by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,044,835 shares of the financial services provider’s stock worth $31,493,000 after buying an additional 54,480 shares during the period. 78.03% of the stock is owned by hedge funds and other institutional investors.

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.