Gabelli Funds LLC Increases Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Gabelli Funds LLC increased its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBNFree Report) by 8.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 38,000 shares of the financial services provider’s stock after acquiring an additional 3,000 shares during the period. Gabelli Funds LLC owned approximately 0.13% of Eagle Bancorp worth $815,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in Eagle Bancorp by 667.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,235 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,074 shares in the last quarter. Belpointe Asset Management LLC raised its position in shares of Eagle Bancorp by 320.5% in the 1st quarter. Belpointe Asset Management LLC now owns 820 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 625 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Eagle Bancorp in the 3rd quarter valued at approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Eagle Bancorp by 18.4% in 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 in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Eagle Bancorp in the 2nd quarter valued at approximately $121,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Eagle Bancorp Price Performance

Shares of EGBN opened at $23.47 on Friday. The company has a market cap of $702.46 million, a P/E ratio of 7.11 and a beta of 1.05. The stock has a fifty day moving average price of $27.68 and a 200 day moving average price of $24.66. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.97 and a quick ratio of 0.83. Eagle Bancorp, Inc. has a 12 month low of $16.72 and a 12 month high of $47.23.

Eagle Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, January 11th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, January 10th. This represents a $1.80 dividend on an annualized basis and a yield of 7.67%. Eagle Bancorp’s dividend payout ratio (DPR) is presently 54.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EGBN shares. StockNews.com lowered Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Piper Sandler cut their target price on Eagle Bancorp from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 31st.

Get Our Latest Stock Report on Eagle Bancorp

Insiders Place Their Bets

In other Eagle Bancorp news, EVP Paul Saltzman purchased 1,500 shares of Eagle Bancorp stock in a transaction on Tuesday, November 14th. The stock was bought at an average price of $23.60 per share, for a total transaction of $35,400.00. Following the transaction, the executive vice president now owns 12,967 shares of the company’s stock, valued at approximately $306,021.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.09% of the stock is currently owned by insiders.

Eagle Bancorp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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