Eagle Bancorp (NASDAQ:EGBN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Eagle Bancorp (NASDAQ:EGBN) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

Eagle Bancorp Trading Up 1.2 %

NASDAQ EGBN opened at $20.03 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.01 and a quick ratio of 0.97. The stock’s 50-day moving average is $22.00 and its 200-day moving average is $24.13. Eagle Bancorp has a one year low of $16.72 and a one year high of $31.97. The firm has a market cap of $599.50 million, a P/E ratio of 7.98 and a beta of 1.05.

Eagle Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, April 18th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.99%. The ex-dividend date was Wednesday, April 17th. Eagle Bancorp’s dividend payout ratio (DPR) is presently 71.71%.

Insider Transactions at Eagle Bancorp

In related news, CEO Susan G. Riel bought 5,260 shares of Eagle Bancorp stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average cost of $18.73 per share, with a total value of $98,519.80. Following the purchase, the chief executive officer now owns 332,210 shares in the company, valued at $6,222,293.30. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Susan G. Riel purchased 5,260 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were purchased at an average price of $18.73 per share, with a total value of $98,519.80. Following the purchase, the chief executive officer now directly owns 332,210 shares of the company’s stock, valued at approximately $6,222,293.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Lindsey S. Rheaume sold 22,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 9,075 shares in the company, valued at $208,543.50. The disclosure for this sale can be found here. Insiders purchased 6,082 shares of company stock valued at $114,283 over the last quarter. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Eagle Bancorp

Several hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its holdings in Eagle Bancorp by 9.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 458,387 shares of the financial services provider’s stock worth $9,832,000 after purchasing an additional 38,678 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Eagle Bancorp by 138.5% in the 3rd quarter. New York State Common Retirement Fund now owns 30,637 shares of the financial services provider’s stock valued at $657,000 after acquiring an additional 17,793 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Eagle Bancorp in the third quarter valued at about $692,000. Gamco Investors INC. ET AL raised its holdings in Eagle Bancorp by 8.4% during the third quarter. Gamco Investors INC. ET AL now owns 322,599 shares of the financial services provider’s stock worth $6,920,000 after acquiring an additional 24,931 shares in the last quarter. Finally, Verdad Advisers LP bought a new stake in Eagle Bancorp during the third quarter worth about $869,000. 78.03% of the stock is owned by institutional investors.

About Eagle Bancorp

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.