Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Bought by First Trust Advisors LP

First Trust Advisors LP boosted its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Rating) by 11.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 359,355 shares of the financial services provider’s stock after acquiring an additional 35,580 shares during the quarter. First Trust Advisors LP owned about 1.13% of Eagle Bancorp worth $15,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in Eagle Bancorp by 587.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 564 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 482 shares during the period. Captrust Financial Advisors raised its stake in shares of Eagle Bancorp by 74.6% during the 1st quarter. Captrust Financial Advisors now owns 2,353 shares of the financial services provider’s stock valued at $134,000 after buying an additional 1,005 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Eagle Bancorp during the 2nd quarter valued at about $121,000. Harbor Investment Advisory LLC purchased a new position in shares of Eagle Bancorp during the 4th quarter valued at about $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Eagle Bancorp by 16.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,512 shares of the financial services provider’s stock valued at $199,000 after buying an additional 630 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Activity at Eagle Bancorp

In other news, CEO Susan G. Riel acquired 1,800 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of $17.60 per share, for a total transaction of $31,680.00. Following the purchase, the chief executive officer now owns 295,711 shares in the company, valued at $5,204,513.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Paul Saltzman acquired 1,500 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of $17.50 per share, for a total transaction of $26,250.00. Following the purchase, the executive vice president now owns 11,467 shares in the company, valued at $200,672.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Susan G. Riel acquired 1,800 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average price of $17.60 per share, with a total value of $31,680.00. Following the completion of the purchase, the chief executive officer now owns 295,711 shares in the company, valued at approximately $5,204,513.60. The disclosure for this purchase can be found here. Insiders acquired a total of 4,924 shares of company stock worth $86,679 in the last 90 days. Corporate insiders own 2.09% of the company’s stock.

Eagle Bancorp Price Performance

Shares of Eagle Bancorp stock opened at $19.94 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.06. Eagle Bancorp, Inc. has a twelve month low of $16.72 and a twelve month high of $51.96. The business has a 50-day moving average price of $27.85 and a 200 day moving average price of $39.04. The firm has a market cap of $612.56 million, a PE ratio of 4.94 and a beta of 0.86.

Eagle Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Thursday, April 6th were paid a $0.45 dividend. The ex-dividend date was Wednesday, April 5th. This represents a $1.80 annualized dividend and a dividend yield of 9.03%. Eagle Bancorp’s dividend payout ratio is presently 44.55%.

Analyst Ratings Changes

EGBN has been the subject of a number of recent research reports. StockNews.com initiated coverage on Eagle Bancorp in a research note on Thursday, May 18th. They set a “sell” rating for the company. Keefe, Bruyette & Woods reduced their price objective on Eagle Bancorp from $48.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, April 6th. TheStreet lowered Eagle Bancorp from a “b-” rating to a “c+” rating in a research note on Friday, April 21st. Finally, Piper Sandler cut their price target on Eagle Bancorp from $40.00 to $29.00 in a research note on Monday, April 24th.

About Eagle Bancorp

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Eagle Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking services. The firm offers checking accounts, business savings accounts, online and mobile banking, insurance, and investment advisory services, borrowing, and treasury management. Its customers include sole proprietors, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and investors living and working in and near the bank’s primary service area.