Eagle Bancorp (NASDAQ:EGBN) Shares Up 4.2%

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) 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.

Analyst Ratings Changes

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

Eagle Bancorp Trading Up 3.5 %

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.08. The firm has a 50 day moving average of $22.79 and a 200 day moving average of $24.05. The firm has a market cap of $635.71 million, a PE ratio of 6.22 and a beta of 1.02.

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

Eagle Bancorp Dividend Announcement

The firm also recently announced 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 presently 54.55%.

Insider Buying and Selling

In other news, EVP Lindsey S. Rheaume sold 22,000 shares of Eagle Bancorp stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $22.98, for a total transaction of $505,560.00. Following the completion of the transaction, the executive vice president now directly owns 9,075 shares in the company, valued at $208,543.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Eagle Bancorp

Institutional investors have recently modified their holdings of the stock. Millennium Management LLC grew its position in Eagle Bancorp by 436.6% during the 2nd quarter. Millennium Management LLC now owns 394,797 shares of the financial services provider’s stock valued at $18,717,000 after purchasing an additional 321,218 shares during the last quarter. Norges Bank purchased a new position in shares of Eagle Bancorp in the fourth quarter worth approximately $13,538,000. State Street Corp raised its holdings in Eagle Bancorp by 19.9% in the 2nd quarter. State Street Corp now owns 1,766,877 shares of the financial services provider’s stock worth $37,387,000 after purchasing an additional 292,648 shares during the period. AQR Capital Management LLC raised its stake in shares of Eagle Bancorp by 378.9% in the third quarter. AQR Capital Management LLC now owns 361,217 shares of the financial services provider’s stock worth $7,748,000 after buying an additional 285,790 shares during the period. Finally, Epoch Investment Partners Inc. purchased a new position in Eagle Bancorp during the fourth quarter valued at approximately $7,801,000. 78.03% of the stock is owned by hedge funds and other 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.