Susan G. Riel Buys 5,260 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Susan G. Riel purchased 5,260 shares of the firm’s stock in a transaction dated 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 purchase, the chief executive officer now directly owns 332,210 shares in the company, valued at $6,222,293.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Eagle Bancorp Stock Up 1.2 %

Shares of NASDAQ EGBN opened at $20.03 on Friday. Eagle Bancorp, Inc. has a 12-month low of $16.72 and a 12-month high of $31.97. 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 firm’s 50-day moving average is $22.00 and its two-hundred day moving average is $24.07. The company has a market capitalization of $599.48 million, a PE ratio of 7.98 and a beta of 1.05.

Eagle Bancorp Dividend Announcement

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 8.99%. The ex-dividend date of this dividend was Wednesday, April 17th. Eagle Bancorp’s dividend payout ratio (DPR) is 71.71%.

Wall Street Analyst Weigh In

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

Institutional Trading of Eagle Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its stake in Eagle Bancorp by 3.3% during the third quarter. HighTower Advisors LLC now owns 19,348 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 612 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Eagle Bancorp by 18.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,340 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 828 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Eagle Bancorp by 1,910.2% in 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. Riverview Trust Co purchased a new stake in Eagle Bancorp during the first quarter valued at about $26,000. Finally, WBI Investments Inc. increased its stake in Eagle Bancorp by 8.7% during the third quarter. WBI Investments Inc. now owns 14,210 shares of the financial services provider’s stock worth $305,000 after acquiring an additional 1,140 shares during the last quarter. 78.03% of the stock is 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.