Moody Aldrich Partners LLC Grows Stake in Eagle Bancorp, Inc. (EGBN)

Moody Aldrich Partners LLC grew its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 19.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 109,668 shares of the financial services provider’s stock after buying an additional 17,553 shares during the quarter. Eagle Bancorp makes up about 1.6% of Moody Aldrich Partners LLC’s portfolio, making the stock its 18th largest holding. Moody Aldrich Partners LLC’s holdings in Eagle Bancorp were worth $5,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors Inc. increased its holdings in shares of Eagle Bancorp by 11.2% in the second quarter. Wasatch Advisors Inc. now owns 2,975,981 shares of the financial services provider’s stock valued at $182,428,000 after purchasing an additional 300,356 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in Eagle Bancorp by 35.9% during the second quarter. Epoch Investment Partners Inc. now owns 768,337 shares of the financial services provider’s stock worth $47,099,000 after acquiring an additional 202,943 shares during the last quarter. Phocas Financial Corp. increased its stake in Eagle Bancorp by 103.2% during the second quarter. Phocas Financial Corp. now owns 180,475 shares of the financial services provider’s stock worth $11,063,000 after acquiring an additional 91,645 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Eagle Bancorp by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,040,643 shares of the financial services provider’s stock worth $63,792,000 after acquiring an additional 84,000 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Eagle Bancorp by 3.9% during the second quarter. BlackRock Inc. now owns 2,155,130 shares of the financial services provider’s stock worth $132,109,000 after acquiring an additional 80,171 shares during the last quarter. Institutional investors and hedge funds own 69.63% of the company’s stock.

EGBN stock opened at $49.55 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 14.79 and a beta of 0.61. Eagle Bancorp, Inc. has a 52-week low of $46.20 and a 52-week high of $69.80.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, October 17th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.02. The company had revenue of $86.93 million during the quarter, compared to analysts’ expectations of $85.67 million. Eagle Bancorp had a return on equity of 14.41% and a net margin of 31.86%. During the same quarter last year, the firm earned $0.87 earnings per share. As a group, equities research analysts anticipate that Eagle Bancorp, Inc. will post 4.4 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on EGBN shares. Stephens set a $65.00 target price on Eagle Bancorp and gave the stock a “buy” rating in a research note on Friday, October 19th. Boenning Scattergood reissued a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 18th. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Monday, October 22nd. ValuEngine cut Eagle Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 20th. Finally, BidaskClub cut Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $66.85.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.

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Want to see what other hedge funds are holding EGBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Bancorp, Inc. (NASDAQ:EGBN).

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

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