Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC grew its position in Eagle Bancorp, Inc. (NASDAQ:EGBNFree Report) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,000 shares of the financial services provider’s stock after buying an additional 2,000 shares during the quarter. Gabelli Funds LLC owned 0.13% of Eagle Bancorp worth $1,206,000 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. Rafferty Asset Management LLC increased its holdings in Eagle Bancorp by 39.8% during the 4th quarter. Rafferty Asset Management LLC now owns 63,376 shares of the financial services provider’s stock valued at $1,910,000 after acquiring an additional 18,041 shares in the last quarter. Olympiad Research LP purchased a new position in shares of Eagle Bancorp during the 4th quarter worth approximately $255,000. WBI Investments LLC raised its position in shares of Eagle Bancorp by 19.6% during the 4th quarter. WBI Investments LLC now owns 17,002 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 2,792 shares during the last quarter. Franklin Resources Inc. lifted its stake in Eagle Bancorp by 10.2% in the 4th quarter. Franklin Resources Inc. now owns 54,871 shares of the financial services provider’s stock valued at $1,654,000 after buying an additional 5,091 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Eagle Bancorp during the 4th quarter valued at $1,060,000. Institutional investors and hedge funds own 78.03% of the company’s stock.

Insider Activity

In other Eagle Bancorp news, CEO Susan G. Riel bought 5,260 shares of Eagle Bancorp stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average cost of $18.73 per share, for a total transaction of $98,519.80. Following the completion of the transaction, the chief executive officer now owns 332,210 shares of the company’s stock, valued at approximately $6,222,293.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 7,082 shares of company stock valued at $131,313 over the last quarter. Company insiders own 3.10% of the company’s stock.

Eagle Bancorp Trading Up 0.2 %

NASDAQ:EGBN opened at $17.34 on Monday. Eagle Bancorp, Inc. has a 12-month low of $16.76 and a 12-month high of $31.97. The firm has a market cap of $523.49 million, a price-to-earnings ratio of 6.91 and a beta of 1.07. The company’s 50-day moving average is $20.08 and its two-hundred day moving average is $23.72.

Eagle Bancorp (NASDAQ:EGBNGet Free Report) last posted its quarterly earnings data 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 firm had revenue of $78.29 million during the quarter, compared to analyst estimates of $75.51 million. On average, equities research analysts forecast that Eagle Bancorp, Inc. will post 1.36 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, April 18th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 10.38%. The ex-dividend date was Wednesday, April 17th. Eagle Bancorp’s dividend payout ratio (DPR) is 71.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Sunday.

Get Our Latest Report on Eagle Bancorp

About Eagle Bancorp

(Free Report)

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.

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Institutional Ownership by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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