Principal Financial Group Inc. Increases Stake in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Principal Financial Group Inc. lifted its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBNFree Report) by 14.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,102 shares of the financial services provider’s stock after purchasing an additional 22,172 shares during the quarter. Principal Financial Group Inc. owned 0.60% of Eagle Bancorp worth $4,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in shares of Eagle Bancorp by 1,910.2% in the 4th quarter. Versant Capital Management Inc now owns 985 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 936 shares during the period. Riverview Trust Co bought a new position in Eagle Bancorp during the first quarter valued at $26,000. Gladius Capital Management LP grew its position in Eagle Bancorp by 762.4% in the fourth quarter. Gladius Capital Management LP now owns 1,466 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 1,296 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Eagle Bancorp by 24.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,649 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 1,309 shares during the period. Finally, GAMMA Investing LLC purchased a new position in Eagle Bancorp during the fourth quarter worth $46,000. Institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Stock Performance

Shares of Eagle Bancorp stock opened at $17.97 on Friday. Eagle Bancorp, Inc. has a one year low of $15.99 and a one year high of $31.97. The company has a 50-day simple moving average of $18.45 and a two-hundred day simple moving average of $22.55. The company has a market capitalization of $542.51 million, a PE ratio of 7.16 and a beta of 1.08.

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 return on equity of 6.11% and a net margin of 11.14%. The business had revenue of $78.29 million during the quarter, compared to analyst estimates of $75.51 million. On average, equities analysts predict that Eagle Bancorp, Inc. will post 1.36 earnings per share for the current fiscal year.

Eagle Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Saturday, July 20th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.02%. Eagle Bancorp’s dividend payout ratio is currently 71.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, June 9th.

Check Out Our Latest Analysis on Eagle Bancorp

Insider Buying and Selling

In other Eagle Bancorp news, Director A. Leslie Ludwig purchased 1,500 shares of Eagle Bancorp stock in a transaction on Thursday, June 13th. The stock was bought at an average cost of $16.89 per share, with a total value of $25,335.00. Following the transaction, the director now owns 41,413 shares of the company’s stock, valued at approximately $699,465.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director A. Leslie Ludwig acquired 1,500 shares of Eagle Bancorp stock in a transaction on Thursday, June 13th. The stock was acquired at an average price of $16.89 per share, for a total transaction of $25,335.00. Following the purchase, the director now owns 41,413 shares of the company’s stock, valued at approximately $699,465.57. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Susan G. Riel acquired 5,260 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was bought at an average cost of $18.73 per share, with a total value of $98,519.80. Following the acquisition, the chief executive officer now owns 332,210 shares in the company, valued at $6,222,293.30. The disclosure for this purchase can be found here. Insiders bought 9,582 shares of company stock worth $173,108 in the last 90 days. Insiders own 3.10% of the company’s stock.

Eagle Bancorp Company Profile

(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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