Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 24.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,649 shares of the financial services provider’s stock after purchasing an additional 1,309 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Eagle Bancorp were worth $200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EGBN. SG Americas Securities LLC acquired a new position in shares of Eagle Bancorp during the 3rd quarter valued at $194,000. Strs Ohio lifted its holdings in shares of Eagle Bancorp by 291.3% during the 3rd quarter. Strs Ohio now owns 27,000 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 20,100 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Eagle Bancorp during the 3rd quarter valued at $32,000. Nisa Investment Advisors LLC lifted its holdings 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 acquiring an additional 4,000 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of Eagle Bancorp during the 3rd quarter valued at $390,000. Institutional investors and hedge funds own 78.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, May 3rd.

Eagle Bancorp Trading Down 1.6 %

NASDAQ:EGBN opened at $19.76 on Wednesday. The company has a market cap of $591.42 million, a PE ratio of 7.87 and a beta of 1.05. The business’s 50 day moving average is $21.87 and its two-hundred day moving average is $24.14. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 1.33. Eagle Bancorp, Inc. has a 52 week low of $16.72 and a 52 week high of $31.97.

Eagle Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, April 18th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 9.11%. The ex-dividend date was Wednesday, April 17th. Eagle Bancorp’s dividend payout ratio (DPR) is presently 71.71%.

Insiders Place Their Bets

In other Eagle Bancorp news, EVP Lindsey S. Rheaume sold 22,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $22.98, for a total transaction of $505,560.00. Following the sale, the executive vice president now directly owns 9,075 shares of the company’s stock, valued at $208,543.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Lindsey S. Rheaume sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $22.98, for a total transaction of $505,560.00. Following the completion of the transaction, the executive vice president now directly owns 9,075 shares of the company’s stock, valued at $208,543.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Susan G. Riel purchased 5,260 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were bought at an average price of $18.73 per share, for a total transaction of $98,519.80. Following the completion of the transaction, the chief executive officer now directly owns 332,210 shares in the company, valued at approximately $6,222,293.30. The disclosure for this purchase can be found here. Insiders acquired a total of 6,082 shares of company stock valued at $114,283 over the last 90 days. 3.10% of the stock is owned by company insiders.

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.