Victory Capital Management Inc. lowered its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,363,475 shares of the financial services provider’s stock after selling 23,066 shares during the period. Victory Capital Management Inc. owned 3.99% of Eagle Bancorp worth $78,945,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of EGBN. Wasatch Advisors Inc. boosted its stake in shares of Eagle Bancorp by 20.4% during the fourth quarter. Wasatch Advisors Inc. now owns 2,631,962 shares of the financial services provider’s stock valued at $152,391,000 after acquiring an additional 446,808 shares during the last quarter. Jennison Associates LLC boosted its stake 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 valued at $86,628,000 after acquiring an additional 247,254 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 acquiring an additional 129,146 shares during the last quarter. BlackRock Inc. boosted its stake 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 acquiring an additional 103,343 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Eagle Bancorp by 5.4% during the third quarter. Dimensional Fund Advisors LP now owns 849,889 shares of the financial services provider’s stock valued at $56,984,000 after acquiring an additional 43,512 shares during the last quarter. 69.03% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on EGBN shares. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective on the stock in a research note on Friday, January 12th. Keefe, Bruyette & Woods upgraded Eagle Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, December 4th. Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 19th. Stephens upgraded Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 target price on the stock in a research report on Friday, January 19th. Finally, BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Eagle Bancorp currently has a consensus rating of “Buy” and an average target price of $68.00.
Eagle Bancorp, Inc. (EGBN) traded up $1.17 during midday trading on Friday, reaching $61.20. The company had a trading volume of 112,807 shares, compared to its average volume of 150,407. Eagle Bancorp, Inc. has a 1 year low of $46.20 and a 1 year high of $69.80. The stock has a market capitalization of $2,094.14, a P/E ratio of 18.38 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The company had revenue of $84.86 million for the quarter, compared to the consensus estimate of $80.80 million. Eagle Bancorp had a return on equity of 12.65% and a net margin of 28.32%. sell-side analysts predict that Eagle Bancorp, Inc. will post 4.43 EPS for the current fiscal year.
In other news, Director Dudley C. Dworken sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $67.00, for a total value of $134,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company 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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