Stifel Financial Corp reduced its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 12.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 244,486 shares of the financial services provider’s stock after selling 33,329 shares during the period. Stifel Financial Corp owned approximately 0.72% of Eagle Bancorp worth $16,384,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Wasatch Advisors Inc. lifted its holdings in Eagle Bancorp by 19.4% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,153,740 shares of the financial services provider’s stock worth $136,332,000 after purchasing an additional 350,204 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Eagle Bancorp by 23.7% during the third quarter. Jennison Associates LLC now owns 1,291,987 shares of the financial services provider’s stock worth $86,628,000 after buying an additional 247,254 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Eagle Bancorp by 5.4% during the second quarter. Vanguard Group Inc. now owns 2,523,941 shares of the financial services provider’s stock valued at $159,766,000 after purchasing an additional 129,146 shares during the period. BlackRock Inc. increased its position in shares of Eagle Bancorp by 5.3% during the second quarter. BlackRock Inc. now owns 2,061,719 shares of the financial services provider’s stock valued at $130,506,000 after purchasing an additional 103,343 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Eagle Bancorp by 5.0% during the third quarter. Victory Capital Management Inc. now owns 1,386,541 shares of the financial services provider’s stock valued at $92,968,000 after purchasing an additional 66,279 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on EGBN shares. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Tuesday, August 22nd. Boenning Scattergood reissued a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 19th. BidaskClub raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 price target on shares of Eagle Bancorp in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $68.50.
Shares of Eagle Bancorp, Inc. (EGBN) opened at $58.90 on Friday. The firm has a market capitalization of $1,982.32, a P/E ratio of 18.13 and a beta of 0.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05. Eagle Bancorp, Inc. has a fifty-two week low of $46.20 and a fifty-two week high of $69.80.
Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. Eagle Bancorp had a return on equity of 12.37% and a net margin of 32.40%. The firm had revenue of $71.94 million for the quarter, compared to analyst estimates of $72.66 million. During the same quarter last year, the company earned $0.72 EPS. The company’s revenue was up 11.1% on a year-over-year basis. analysts predict that Eagle Bancorp, Inc. will post 3.34 earnings per share for the current year.
In related news, Director Dudley C. Dworken sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $67.00, for a total transaction of $134,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ronald D. Paul sold 800 shares of Eagle Bancorp stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $64.40, for a total value of $51,520.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,262 shares of company stock worth $7,632,260. Corporate insiders own 8.39% of the company’s stock.
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Eagle Bancorp Company Profile
Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.
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