Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Acquired by WBI Investments Inc.

WBI Investments Inc. increased its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBNFree Report) by 8.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,210 shares of the financial services provider’s stock after purchasing an additional 1,140 shares during the period. WBI Investments Inc.’s holdings in Eagle Bancorp were worth $305,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. UBS Group AG boosted its stake in Eagle Bancorp by 413.7% in the 3rd quarter. UBS Group AG now owns 7,977 shares of the financial services provider’s stock worth $171,000 after buying an additional 6,424 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Eagle Bancorp by 3.3% in the 3rd quarter. HighTower Advisors LLC now owns 19,348 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 612 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Eagle Bancorp by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,387 shares of the financial services provider’s stock valued at $9,832,000 after purchasing an additional 38,678 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Eagle Bancorp by 8.6% in the 3rd quarter. Gabelli Funds LLC now owns 38,000 shares of the financial services provider’s stock valued at $815,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Eagle Bancorp by 8.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 322,599 shares of the financial services provider’s stock valued at $6,920,000 after buying an additional 24,931 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Price Performance

EGBN stock opened at $24.26 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.97 and a debt-to-equity ratio of 1.08. Eagle Bancorp, Inc. has a 52-week low of $16.72 and a 52-week high of $47.23. The stock’s 50 day moving average is $27.65 and its two-hundred day moving average is $24.61. The company has a market capitalization of $726.10 million, a PE ratio of 7.35 and a beta of 1.05.

Eagle Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 11th were issued a $0.45 dividend. The ex-dividend date was Wednesday, January 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.42%. Eagle Bancorp’s dividend payout ratio (DPR) is 54.55%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EGBN. StockNews.com downgraded Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Monday, November 6th. Piper Sandler dropped their price objective on Eagle Bancorp from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, October 31st.

View Our Latest Research Report on Eagle Bancorp

Eagle Bancorp Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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