Eagle Bancorp (NASDAQ:EGBN) Shares Up 4.2%

Eagle Bancorp, Inc. (NASDAQ:EGBN)’s stock price traded up 4.2% during mid-day trading on Friday . The stock traded as high as $21.39 and last traded at $21.39. 104,725 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 288,058 shares. The stock had previously closed at $20.52.

Wall Street Analysts Forecast Growth

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

Eagle Bancorp Stock Up 3.5 %

The company has a debt-to-equity ratio of 1.08, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $635.71 million, a price-to-earnings ratio of 6.22 and a beta of 1.02. The firm’s 50-day simple moving average is $22.79 and its two-hundred day simple moving average is $24.05.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.09). Eagle Bancorp had a return on equity of 8.12% and a net margin of 15.54%. The firm had revenue of $75.89 million for the quarter, compared to analysts’ expectations of $75.67 million. Sell-side analysts predict that Eagle Bancorp, Inc. will post 2.32 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, April 18th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date of this dividend is Wednesday, April 17th. Eagle Bancorp’s dividend payout ratio is currently 54.55%.

Insider Transactions at Eagle Bancorp

In related news, EVP Lindsey S. Rheaume sold 22,000 shares of the 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 sale, the executive vice president now directly owns 9,075 shares of the company’s stock, valued at approximately $208,543.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of Eagle Bancorp

Large investors have recently modified their holdings of the business. Riverview Trust Co acquired a new position in shares of Eagle Bancorp during the 1st quarter worth approximately $26,000. Lazard Asset Management LLC acquired a new position in shares of Eagle Bancorp in the third quarter worth $26,000. Belpointe Asset Management LLC lifted its position in shares of Eagle Bancorp by 320.5% in the first quarter. Belpointe Asset Management LLC now owns 820 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 625 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Eagle Bancorp by 1,910.2% during the fourth quarter. Versant Capital Management Inc now owns 985 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 936 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Eagle Bancorp during the 3rd quarter worth about $32,000. 78.03% of the stock is currently owned by institutional investors and hedge funds.

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.