Swiss National Bank Raises Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Swiss National Bank grew its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Rating) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,432 shares of the financial services provider’s stock after acquiring an additional 1,400 shares during the quarter. Swiss National Bank owned about 0.24% of Eagle Bancorp worth $3,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EGBN. Quadrant Capital Group LLC lifted its position in shares of Eagle Bancorp by 587.8% in the third quarter. Quadrant Capital Group LLC now owns 564 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 482 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Eagle Bancorp during the second quarter worth about $121,000. Captrust Financial Advisors lifted its position in Eagle Bancorp by 74.6% during the first quarter. Captrust Financial Advisors now owns 2,353 shares of the financial services provider’s stock worth $134,000 after buying an additional 1,005 shares during the period. Harbor Investment Advisory LLC purchased a new position in Eagle Bancorp during the fourth quarter worth about $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Eagle Bancorp by 16.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,512 shares of the financial services provider’s stock worth $199,000 after buying an additional 630 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Trading Down 3.4 %

Shares of EGBN stock opened at $18.74 on Monday. Eagle Bancorp, Inc. has a 1 year low of $16.72 and a 1 year high of $51.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a fifty day moving average of $28.16 and a two-hundred day moving average of $39.21. The firm has a market capitalization of $575.69 million, a PE ratio of 4.64 and a beta of 0.86.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Thursday, April 6th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.61%. The ex-dividend date of this dividend was Wednesday, April 5th. Eagle Bancorp’s dividend payout ratio (DPR) is presently 44.55%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EGBN. StockNews.com began coverage on Eagle Bancorp in a report on Thursday. They issued a “sell” rating on the stock. Piper Sandler dropped their target price on Eagle Bancorp from $40.00 to $29.00 in a report on Monday, April 24th. TheStreet downgraded Eagle Bancorp from a “b-” rating to a “c+” rating in a report on Friday, April 21st. Finally, Keefe, Bruyette & Woods dropped their price objective on Eagle Bancorp from $48.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, April 6th.

Insider Transactions at Eagle Bancorp

In other Eagle Bancorp news, EVP Paul Saltzman purchased 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average cost of $17.50 per share, with a total value of $26,250.00. Following the completion of the transaction, the executive vice president now owns 11,467 shares of the company’s stock, valued at $200,672.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Paul Saltzman bought 1,500 shares of the stock in a transaction on Tuesday, May 16th. The shares were purchased at an average price of $17.50 per share, for a total transaction of $26,250.00. Following the completion of the purchase, the executive vice president now directly owns 11,467 shares of the company’s stock, valued at approximately $200,672.50. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Susan G. Riel purchased 1,800 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were bought at an average price of $17.60 per share, with a total value of $31,680.00. Following the purchase, the chief executive officer now owns 295,711 shares in the company, valued at approximately $5,204,513.60. The disclosure for this purchase can be found here. Insiders have purchased 4,924 shares of company stock valued at $86,679 over the last three months. Company insiders own 2.09% of the company’s stock.

Eagle Bancorp Profile

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Eagle Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking services. The firm offers checking accounts, business savings accounts, online and mobile banking, insurance, and investment advisory services, borrowing, and treasury management. Its customers include sole proprietors, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and investors living and working in and near the bank’s primary service area.