Gamco Investors INC. ET AL Buys 5,093 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Gamco Investors INC. ET AL increased its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 1.5% in the first quarter, Holdings Channel reports. The institutional investor owned 342,171 shares of the financial services provider’s stock after acquiring an additional 5,093 shares during the period. Gamco Investors INC. ET AL’s holdings in Eagle Bancorp were worth $8,038,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Riverview Trust Co bought a new stake in Eagle Bancorp in the first quarter worth $26,000. Gladius Capital Management LP lifted its position in Eagle Bancorp by 762.4% in the fourth quarter. Gladius Capital Management LP now owns 1,466 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,296 shares during the last quarter. GAMMA Investing LLC bought a new stake in Eagle Bancorp in the fourth quarter worth $46,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Eagle Bancorp by 24.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,649 shares of the financial services provider’s stock worth $200,000 after buying an additional 1,309 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Eagle Bancorp during the fourth quarter worth $200,000. 78.03% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Susan G. Riel purchased 5,260 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were purchased at an average price 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 in the company, valued at approximately $6,222,293.30. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Susan G. Riel purchased 5,260 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were purchased at an average price 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 in the company, valued at approximately $6,222,293.30. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director A. Leslie Ludwig bought 1,500 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was bought at an average price of $16.89 per share, for a total transaction of $25,335.00. Following the purchase, the director now directly owns 41,413 shares of the company’s stock, valued at $699,465.57. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 9,582 shares of company stock worth $173,108. Company insiders own 3.10% of the company’s stock.

Eagle Bancorp Price Performance

Shares of NASDAQ:EGBN traded down $0.05 on Friday, hitting $22.60. 460,111 shares of the company’s stock were exchanged, compared to its average volume of 332,699. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $31.97. The stock has a market capitalization of $682.29 million, a price-to-earnings ratio of 9.00 and a beta of 1.08. The business’s 50 day simple moving average is $18.92 and its two-hundred day simple moving average is $21.64.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.34. Eagle Bancorp had a positive return on equity of 5.50% and a negative net margin of 5.28%. The business had revenue of $175.06 million during the quarter, compared to the consensus estimate of $80.90 million. During the same period last year, the company earned $0.94 earnings per share. Equities analysts forecast that Eagle Bancorp, Inc. will post 1.03 EPS for the current fiscal year.

Eagle Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Saturday, July 20th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, July 19th. This represents a $1.80 annualized dividend and a dividend yield of 7.96%. Eagle Bancorp’s dividend payout ratio is currently 71.71%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, June 9th.

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.