Glassman Wealth Services Sells 1,375 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Glassman Wealth Services trimmed its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN – Get Rating) by 15.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,695 shares of the financial services provider’s stock after selling 1,375 shares during the quarter. Glassman Wealth Services’ holdings in Eagle Bancorp were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of EGBN. Point72 Hong Kong Ltd bought a new stake in Eagle Bancorp during the 3rd quarter valued at about $42,000. Pinebridge Investments L.P. bought a new stake in Eagle Bancorp during the 4th quarter valued at about $76,000. Captrust Financial Advisors increased its stake in Eagle Bancorp by 17.7% during the 3rd quarter. Captrust Financial Advisors now owns 1,354 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 204 shares in the last quarter. Widmann Financial Services Inc. bought a new stake in Eagle Bancorp during the 4th quarter valued at about $125,000. Finally, Wolf Group Capital Advisors bought a new stake in Eagle Bancorp during the 4th quarter valued at about $263,000. Institutional investors own 73.83% of the company’s stock.

Shares of EGBN traded up $0.10 on Thursday, reaching $46.77. The company’s stock had a trading volume of 547 shares, compared to its average volume of 291,116. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $1.50 billion, a P/E ratio of 8.38 and a beta of 0.98. The stock’s 50 day simple moving average is $49.75 and its two-hundred day simple moving average is $55.56. Eagle Bancorp, Inc. has a 12-month low of $44.85 and a 12-month high of $63.84.

Eagle Bancorp (NASDAQ:EGBN – Get Rating) last issued its quarterly earnings results on Wednesday, April 20th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.36. Eagle Bancorp had a net margin of 45.21% and a return on equity of 13.59%. The business had revenue of $87.91 million for the quarter, compared to the consensus estimate of $86.40 million. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Analysts expect that Eagle Bancorp, Inc. will post 4.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Monday, July 11th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, July 8th. This represents a $1.80 annualized dividend and a yield of 3.85%. This is an increase from Eagle Bancorp’s previous quarterly dividend of $0.40. Eagle Bancorp’s payout ratio is currently 28.67%.

Separately, StockNews.com initiated coverage on shares of Eagle Bancorp in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

Eagle Bancorp Company Profile (Get Rating)

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.

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