Louisiana State Employees Retirement System Takes $452,000 Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Louisiana State Employees Retirement System purchased a new stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) in the fourth quarter, Holdings Channel.com reports. The firm purchased 15,000 shares of the financial services provider’s stock, valued at approximately $452,000.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in shares of Eagle Bancorp by 1,910.2% during the 4th quarter. Versant Capital Management Inc now owns 985 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 936 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Eagle Bancorp during the 3rd quarter valued at $32,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Eagle Bancorp by 18.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,340 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 828 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Eagle Bancorp by 204.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,954 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 4,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Eagle Bancorp by 49.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,819 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 2,921 shares in the last quarter. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Lindsey S. Rheaume sold 22,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $22.98, for a total value of $505,560.00. Following the completion of the transaction, the executive vice president now directly owns 9,075 shares in the company, valued at $208,543.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th.

Eagle Bancorp Stock Down 2.3 %

Shares of NASDAQ:EGBN opened at $18.96 on Tuesday. Eagle Bancorp, Inc. has a 52-week low of $16.72 and a 52-week high of $31.97. The firm has a fifty day moving average of $22.46 and a 200 day moving average of $24.14. The firm has a market capitalization of $567.47 million, a PE ratio of 7.68 and a beta of 1.02. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.97 and a current ratio of 1.01.

Eagle Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 18th will be given a $0.45 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $1.80 annualized dividend and a yield of 9.49%. Eagle Bancorp’s dividend payout ratio (DPR) is presently 71.71%.

Eagle Bancorp 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.