Glassman Wealth Services Has $444,000 Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Glassman Wealth Services trimmed its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,716 shares of the financial services provider’s stock after selling 1,119 shares during the quarter. Glassman Wealth Services’ holdings in Eagle Bancorp were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EGBN. AQR Capital Management LLC increased its position in Eagle Bancorp by 378.9% in the 3rd quarter. AQR Capital Management LLC now owns 361,217 shares of the financial services provider’s stock valued at $7,748,000 after acquiring an additional 285,790 shares during the period. Caxton Associates LP increased its position in Eagle Bancorp by 480.5% in the 3rd quarter. Caxton Associates LP now owns 106,547 shares of the financial services provider’s stock valued at $2,285,000 after acquiring an additional 88,193 shares during the period. Dimensional Fund Advisors LP increased its position in Eagle Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,044,835 shares of the financial services provider’s stock valued at $31,493,000 after acquiring an additional 54,480 shares during the period. Verdad Advisers LP acquired a new position in Eagle Bancorp in the 3rd quarter valued at approximately $869,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Eagle Bancorp by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 497,083 shares of the financial services provider’s stock valued at $14,982,000 after purchasing an additional 38,696 shares during the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Susan G. Riel bought 5,260 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average cost of $18.73 per share, with a total value of $98,519.80. Following the completion of the purchase, the chief executive officer now directly owns 332,210 shares in the company, valued at $6,222,293.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Lindsey S. Rheaume sold 22,000 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 9,075 shares of the company’s stock, valued at $208,543.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Susan G. Riel bought 5,260 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were bought at an average cost of $18.73 per share, for a total transaction of $98,519.80. Following the completion of the purchase, 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 have purchased a total of 6,082 shares of company stock valued at $114,283 over the last ninety days. 3.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Friday.

Eagle Bancorp Stock Performance

Shares of NASDAQ:EGBN traded down $0.53 during trading on Friday, reaching $18.59. The stock had a trading volume of 269,953 shares, compared to its average volume of 318,200. The firm’s fifty day moving average is $21.08 and its 200 day moving average is $24.09. Eagle Bancorp, Inc. has a 52 week low of $17.46 and a 52 week high of $31.97. The stock has a market cap of $561.23 million, a price-to-earnings ratio of 7.41 and a beta of 1.05.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported ($0.01) EPS 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 firm had revenue of $78.29 million during the quarter, compared to the consensus estimate of $75.51 million. On average, research analysts forecast that Eagle Bancorp, Inc. will post 1.36 earnings per share for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, April 18th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 9.68%. The ex-dividend date of this dividend was Wednesday, April 17th. Eagle Bancorp’s dividend payout ratio is presently 71.71%.

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.