GSA Capital Partners LLP Raises Stake in Eagle Bancorp, Inc. (NASDAQ:EGBN)

GSA Capital Partners LLP lifted its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 130.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 47,616 shares of the financial services provider’s stock after acquiring an additional 26,962 shares during the quarter. GSA Capital Partners LLP’s holdings in Eagle Bancorp were worth $1,118,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EGBN. Riverview Trust Co purchased a new stake in shares of Eagle Bancorp in the first quarter valued at about $26,000. Versant Capital Management Inc increased its holdings in 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. Gladius Capital Management LP increased its stake in Eagle Bancorp by 762.4% in the 4th quarter. Gladius Capital Management LP now owns 1,466 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,296 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Eagle Bancorp in the 4th quarter worth about $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Eagle Bancorp by 24.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,649 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 1,309 shares in the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Eagle Bancorp Stock Performance

NASDAQ EGBN traded up $0.63 during trading hours on Wednesday, hitting $18.91. 53,530 shares of the company’s stock were exchanged, compared to its average volume of 309,927. The business’s 50 day moving average is $18.42 and its 200-day moving average is $22.26. Eagle Bancorp, Inc. has a 12-month low of $15.99 and a 12-month high of $31.97. The firm has a market capitalization of $570.89 million, a P/E ratio of 7.45 and a beta of 1.08.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.60). Eagle Bancorp had a return on equity of 6.11% and a net margin of 11.14%. The company had revenue of $78.29 million for the quarter, compared to analysts’ expectations of $75.51 million. As a group, equities research analysts anticipate that Eagle Bancorp, Inc. will post 1.36 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. Shareholders 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 9.52%. The ex-dividend date is Friday, July 19th. Eagle Bancorp’s dividend payout ratio (DPR) is presently 71.71%.

Insider Transactions at Eagle Bancorp

In other news, Director A. Leslie Ludwig bought 1,500 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was acquired at an average price of $16.89 per share, for a total transaction of $25,335.00. Following the acquisition, the director now owns 41,413 shares of the company’s stock, valued at $699,465.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Eagle Bancorp news, CEO Susan G. Riel bought 5,260 shares of Eagle Bancorp stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average price of $18.73 per share, for a total transaction of $98,519.80. Following the acquisition, the chief executive officer now owns 332,210 shares of the company’s stock, valued at approximately $6,222,293.30. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director A. Leslie Ludwig purchased 1,500 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was bought at an average price of $16.89 per share, with a total value of $25,335.00. Following the completion of the acquisition, the director now owns 41,413 shares in the company, valued at approximately $699,465.57. The disclosure for this purchase can be found here. Insiders have bought a total of 9,582 shares of company stock worth $173,108 in the last three months. 3.10% of the stock is currently owned by company insiders.

About Eagle Bancorp

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.