WBI Investments LLC Acquires 2,792 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

WBI Investments LLC increased its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 19.6% in the 4th quarter, Holdings Channel reports. The fund owned 17,002 shares of the financial services provider’s stock after buying an additional 2,792 shares during the quarter. WBI Investments LLC’s holdings in Eagle Bancorp were worth $512,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc grew its position in Eagle Bancorp by 1,910.2% during the 4th quarter. Versant Capital Management Inc now owns 985 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 936 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Eagle Bancorp during the 3rd quarter valued at about $32,000. Gladius Capital Management LP grew its position in Eagle Bancorp by 762.4% during the 4th quarter. Gladius Capital Management LP now owns 1,466 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,296 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Eagle Bancorp during the 4th quarter valued at about $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Eagle Bancorp by 18.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,340 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 828 shares during the last quarter. 78.03% of the stock is currently owned by institutional investors.

Eagle Bancorp Stock Performance

Shares of Eagle Bancorp stock traded down $0.82 on Thursday, hitting $19.49. 75,042 shares of the company traded hands, compared to its average volume of 298,416. The business has a 50-day simple moving average of $21.20 and a 200 day simple moving average of $24.15. Eagle Bancorp, Inc. has a 52 week low of $17.46 and a 52 week high of $31.97. The stock has a market capitalization of $588.40 million, a P/E ratio of 8.09 and a beta of 1.05.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results 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 net margin of 11.14% and a return on equity of 6.11%. The business had revenue of $78.29 million during the quarter, compared to analysts’ expectations of $75.51 million. Research analysts expect that Eagle Bancorp, Inc. will post 2.01 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, April 18th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.24%. The ex-dividend date of this dividend was Wednesday, April 17th. Eagle Bancorp’s dividend payout ratio is currently 71.71%.

Insider Activity at Eagle Bancorp

In related news, EVP Lindsey S. Rheaume sold 22,000 shares of Eagle Bancorp stock in a transaction dated Tuesday, March 5th. The stock was 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 directly owns 9,075 shares in the company, valued at $208,543.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Eagle Bancorp news, 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 transaction, the executive vice president now directly owns 9,075 shares in the company, valued at $208,543.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Susan G. Riel acquired 5,260 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were bought at an average price of $18.73 per share, for a total transaction of $98,519.80. Following the acquisition, the chief executive officer now owns 332,210 shares of the company’s stock, valued at $6,222,293.30. The disclosure for this purchase can be found here. Insiders bought 6,082 shares of company stock worth $114,283 over the last three months. 3.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Monday, May 13th.

Eagle Bancorp Profile

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.