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

Eagle Bancorp, Inc. (NASDAQ:EGBN) CFO Eric R. Newell bought 1,170 shares of Eagle Bancorp stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $21.37 per share, for a total transaction of $25,002.90. Following the purchase, the chief financial officer now directly owns 28,733 shares in the company, valued at approximately $614,024.21. The trade was a 4.24 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Eagle Bancorp Stock Down 0.4 %

Eagle Bancorp stock opened at $21.61 on Monday. The company’s 50 day simple moving average is $24.73 and its 200 day simple moving average is $25.13. Eagle Bancorp, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $30.94. The firm has a market capitalization of $652.71 million, a price-to-earnings ratio of -13.76 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.86.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.50 earnings per share 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%. As a group, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Eagle Bancorp Announces Dividend

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EGBN. Smartleaf Asset Management LLC raised its holdings in Eagle Bancorp by 353.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 994 shares of the financial services provider’s stock worth $26,000 after buying an additional 775 shares during the period. Point72 DIFC Ltd acquired a new stake in Eagle Bancorp during the 3rd quarter worth approximately $48,000. R Squared Ltd acquired a new stake in Eagle Bancorp during the 4th quarter worth approximately $51,000. Nisa Investment Advisors LLC raised its holdings in Eagle Bancorp by 49.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,546 shares of the financial services provider’s stock worth $57,000 after buying an additional 846 shares during the period. Finally, Millstone Evans Group LLC acquired a new stake in Eagle Bancorp during the 4th quarter worth approximately $59,000. Institutional investors own 78.03% of the company’s stock.

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.