Eric R. Newell Purchases 572 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN - Get Free Report) CFO Eric R. Newell purchased 572 shares of the business's stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $18.97 per share, for a total transaction of $10,850.84. Following the transaction, the chief financial officer now owns 18,000 shares of the company's stock, valued at $341,460. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Eagle Bancorp Stock Performance

Shares of NASDAQ:EGBN traded up $0.48 during trading on Wednesday, reaching $18.97. The company had a trading volume of 478,383 shares, compared to its average volume of 306,002. The firm has a market capitalization of $567.77 million, a price-to-earnings ratio of 7.56 and a beta of 1.02. 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 stock's fifty day moving average price is $22.15 and its 200 day moving average price is $24.10. Eagle Bancorp, Inc. has a fifty-two week low of $16.72 and a fifty-two week high of $31.97.

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 issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date was Wednesday, April 17th. Eagle Bancorp's payout ratio is currently 71.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Eagle Bancorp by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 3,362,689 shares of the financial services provider's stock valued at $101,351,000 after purchasing an additional 126,085 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Eagle Bancorp by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,044,835 shares of the financial services provider's stock valued at $31,493,000 after buying an additional 54,480 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Eagle Bancorp by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 497,083 shares of the financial services provider's stock valued at $14,982,000 after buying an additional 38,696 shares in the last quarter. AQR Capital Management LLC boosted 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 valued at $7,748,000 after buying an additional 285,790 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Eagle Bancorp by 9.6% in the third quarter. American Century Companies Inc. now owns 322,662 shares of the financial services provider's stock valued at $6,921,000 after buying an additional 28,384 shares in the last quarter. Institutional investors and hedge funds own 78.03% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised Eagle Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, April 25th.

Eagle Bancorp Company 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.