Epoch Investment Partners Inc. raised its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 20.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 926,640 shares of the financial services provider’s stock after buying an additional 158,303 shares during the quarter. Epoch Investment Partners Inc. owned about 2.70% of Eagle Bancorp worth $46,888,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of Eagle Bancorp by 334.6% during the 3rd quarter. Renaissance Technologies LLC now owns 58,580 shares of the financial services provider’s stock valued at $2,964,000 after acquiring an additional 45,100 shares during the period. Citadel Advisors LLC lifted its position in shares of Eagle Bancorp by 370.7% during the 3rd quarter. Citadel Advisors LLC now owns 100,624 shares of the financial services provider’s stock valued at $5,092,000 after acquiring an additional 79,245 shares during the period. Stevens Capital Management LP bought a new stake in shares of Eagle Bancorp during the 3rd quarter valued at $781,000. Dimensional Fund Advisors LP lifted its position in shares of Eagle Bancorp by 3.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,078,496 shares of the financial services provider’s stock valued at $54,572,000 after acquiring an additional 37,853 shares during the period. Finally, Quantbot Technologies LP lifted its position in shares of Eagle Bancorp by 180.2% during the 3rd quarter. Quantbot Technologies LP now owns 2,023 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,301 shares during the period. Institutional investors own 68.43% of the company’s stock.
Shares of EGBN stock opened at $53.24 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.20. Eagle Bancorp, Inc. has a twelve month low of $46.49 and a twelve month high of $65.42. The firm has a market cap of $1.84 billion, a P/E ratio of 15.89 and a beta of 0.61.
Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. Eagle Bancorp had a return on equity of 14.14% and a net margin of 31.86%. The business had revenue of $86.93 million during the quarter, compared to the consensus estimate of $85.67 million. During the same period in the prior year, the company earned $0.87 EPS. On average, research analysts expect that Eagle Bancorp, Inc. will post 4.41 earnings per share for the current fiscal year.
Several analysts recently weighed in on the company. Gabelli assumed coverage on Eagle Bancorp in a research report on Monday, August 27th. They set a “buy” rating and a $74.00 price objective for the company. ValuEngine upgraded Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 20th. TheStreet downgraded Eagle Bancorp from a “b-” rating to a “c+” rating in a research report on Thursday, November 15th. Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 18th. Finally, BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $66.85.
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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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