Gladius Capital Management LP Purchases 1,296 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Gladius Capital Management LP increased its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 762.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,466 shares of the financial services provider’s stock after purchasing an additional 1,296 shares during the quarter. Gladius Capital Management LP’s holdings in Eagle Bancorp were worth $44,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc grew its position in shares of Eagle Bancorp by 1,910.2% during the 4th quarter. Versant Capital Management Inc now owns 985 shares of the financial services provider’s stock worth $30,000 after buying an additional 936 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Eagle Bancorp in the third quarter worth $32,000. GAMMA Investing LLC bought a new position in shares of Eagle Bancorp during the fourth quarter worth $46,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Eagle Bancorp by 18.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,340 shares of the financial services provider’s stock valued at $115,000 after buying an additional 828 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Eagle Bancorp by 204.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,954 shares of the financial services provider’s stock valued at $128,000 after buying an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.

Insider Buying and Selling

In other Eagle Bancorp news, EVP Lindsey S. Rheaume sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $22.98, for a total value of $505,560.00. Following the sale, the executive vice president now owns 9,075 shares in the company, valued at approximately $208,543.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Susan G. Riel bought 5,260 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average price of $18.73 per share, with a total value of $98,519.80. Following the completion of the transaction, the chief executive officer now owns 332,210 shares in the company, valued at $6,222,293.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lindsey S. Rheaume sold 22,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $22.98, for a total value of $505,560.00. Following the sale, the executive vice president now owns 9,075 shares in the company, valued at approximately $208,543.50. The disclosure for this sale can be found here. Over the last three months, insiders bought 6,082 shares of company stock worth $114,283. 3.10% of the stock is owned by corporate insiders.

Eagle Bancorp Stock Up 2.1 %

EGBN stock traded up $0.42 during mid-day trading on Thursday, hitting $20.18. 184,948 shares of the company were exchanged, compared to its average volume of 303,024. The firm has a market cap of $609.23 million, a P/E ratio of 8.04 and a beta of 1.05. Eagle Bancorp, Inc. has a 1-year low of $16.72 and a 1-year high of $31.97. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.97 and a current ratio of 1.01. The firm’s 50 day simple moving average is $21.73 and its 200 day simple moving average is $24.09.

Eagle Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, April 18th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.92%. The ex-dividend date was Wednesday, April 17th. Eagle Bancorp’s dividend payout ratio is 71.71%.

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.