Epoch Investment Partners Inc. Has $10.76 Million Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Epoch Investment Partners Inc. lifted its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 76.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 457,881 shares of the financial services provider’s stock after buying an additional 199,057 shares during the period. Epoch Investment Partners Inc. owned about 1.52% of Eagle Bancorp worth $10,756,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Riverview Trust Co purchased a new stake in shares of Eagle Bancorp during the first quarter worth $26,000. Gladius Capital Management LP raised its holdings in shares of Eagle Bancorp by 762.4% during the fourth quarter. Gladius Capital Management LP now owns 1,466 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 1,296 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Eagle Bancorp during the fourth quarter worth $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Eagle Bancorp by 24.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,649 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 1,309 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Eagle Bancorp during the fourth quarter worth $200,000. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Stock Performance

Eagle Bancorp stock opened at $22.71 on Monday. The business’s 50-day simple moving average is $18.92 and its 200-day simple moving average is $21.54. The firm has a market capitalization of $685.61 million, a PE ratio of 9.00 and a beta of 1.08. Eagle Bancorp, Inc. has a 52 week low of $15.99 and a 52 week high of $31.97.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $80.90 million. During the same period in the previous year, the company posted $0.94 earnings per share. Research analysts forecast that Eagle Bancorp, Inc. will post 1.03 earnings per share for the current year.

Eagle Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Saturday, July 20th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.93%. The ex-dividend date is Friday, July 19th. Eagle Bancorp’s dividend payout ratio (DPR) is presently 71.71%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director A. Leslie Ludwig bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average cost of $16.89 per share, with a total value of $25,335.00. Following the completion of the transaction, the director now directly owns 41,413 shares in the company, valued at $699,465.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director A. Leslie Ludwig bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average cost of $16.89 per share, with a total value of $25,335.00. Following the completion of the transaction, the director now directly owns 41,413 shares in the company, valued at $699,465.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Susan G. Riel bought 5,260 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were 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 of the company’s stock, valued at $6,222,293.30. The disclosure for this purchase can be found here. Insiders have bought a total of 9,010 shares of company stock valued at $162,257 over the last three months. 3.10% of the stock is owned by corporate 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.