Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 24.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,649 shares of the financial services provider’s stock after purchasing an additional 1,309 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Eagle Bancorp were worth $200,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EGBN. HighTower Advisors LLC lifted its position in Eagle Bancorp by 3.3% in the third quarter. HighTower Advisors LLC now owns 19,348 shares of the financial services provider’s stock valued at $415,000 after buying an additional 612 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Eagle Bancorp by 1,910.2% in the fourth quarter. Versant Capital Management Inc now owns 985 shares of the financial services provider’s stock valued at $30,000 after buying an additional 936 shares in the last quarter. WBI Investments Inc. raised its holdings in shares of Eagle Bancorp by 8.7% in the 3rd quarter. WBI Investments Inc. now owns 14,210 shares of the financial services provider’s stock valued at $305,000 after buying an additional 1,140 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Eagle Bancorp during the 3rd quarter worth about $32,000. Finally, SG Americas Securities LLC boosted its holdings in Eagle Bancorp by 26.3% during the 4th quarter. SG Americas Securities LLC now owns 11,425 shares of the financial services provider’s stock valued at $344,000 after acquiring an additional 2,376 shares during the period. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Eagle Bancorp Stock Performance

Shares of EGBN stock opened at $19.76 on Wednesday. The firm has a 50 day moving average of $21.87 and a two-hundred day moving average of $24.14. The stock has a market capitalization of $591.42 million, a PE ratio of 7.87 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 1.33. Eagle Bancorp, Inc. has a 52 week low of $16.72 and a 52 week high of $31.97.

Eagle Bancorp Dividend Announcement

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. The ex-dividend date was Wednesday, April 17th. This represents a $1.80 annualized dividend and a yield of 9.11%. Eagle Bancorp’s payout ratio is 71.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.

Insiders Place Their Bets

In other news, EVP Lindsey S. Rheaume sold 22,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $22.98, for a total transaction of $505,560.00. Following the completion of 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 filing with the SEC, which is accessible through this link. In related news, EVP Lindsey S. Rheaume sold 22,000 shares of Eagle Bancorp stock in a transaction that occurred on 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 owns 9,075 shares in the company, valued at $208,543.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Susan G. Riel acquired 5,260 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was purchased at an average cost of $18.73 per share, for a total transaction of $98,519.80. Following the completion of the transaction, the chief executive officer now owns 332,210 shares in the company, valued at approximately $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 worth $114,283 in the last quarter. 3.10% of the stock is owned by company insiders.

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.