Gladius Capital Management LP Grows Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Gladius Capital Management LP raised its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 762.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,466 shares of the financial services provider’s stock after acquiring an additional 1,296 shares during the period. Gladius Capital Management LP’s holdings in Eagle Bancorp were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in Eagle Bancorp by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 497,083 shares of the financial services provider’s stock worth $14,982,000 after purchasing an additional 38,696 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Eagle Bancorp in the fourth quarter worth about $46,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 valued at $200,000 after acquiring an additional 1,309 shares during the period. Louisiana State Employees Retirement System bought a new stake in Eagle Bancorp during the 4th quarter worth approximately $452,000. Finally, Arizona State Retirement System purchased a new stake in Eagle Bancorp in the 4th quarter worth approximately $252,000. Hedge funds and other institutional investors own 78.03% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Eagle Bancorp

In other Eagle Bancorp news, EVP Lindsey S. Rheaume sold 22,000 shares of the firm’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 sale, the executive vice president now owns 9,075 shares in the company, valued at $208,543.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Lindsey S. Rheaume sold 22,000 shares of the 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 transaction, the executive vice president now directly owns 9,075 shares in the company, valued at approximately $208,543.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Susan G. Riel bought 5,260 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average price of $18.73 per share, with a total value of $98,519.80. Following the transaction, the chief executive officer now directly owns 332,210 shares in the company, valued at $6,222,293.30. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 6,082 shares of company stock valued at $114,283. Insiders own 3.10% of the company’s stock.

Eagle Bancorp Price Performance

Shares of NASDAQ:EGBN traded up $0.42 on Thursday, hitting $20.18. The company’s stock had a trading volume of 184,948 shares, compared to its average volume of 303,024. The company has a market capitalization of $609.23 million, a PE ratio of 8.04 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.01 and a quick ratio of 0.97. The company has a 50-day simple moving average of $21.73 and a 200 day simple moving average of $24.09. Eagle Bancorp, Inc. has a 1 year low of $16.72 and a 1 year high of $31.97.

Eagle Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, April 18th were given 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 8.92%. Eagle Bancorp’s payout ratio is presently 71.71%.

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.