US Bancorp DE cut its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 6.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,841 shares of the financial services provider’s stock after selling 1,089 shares during the period. US Bancorp DE’s holdings in Eagle Bancorp were worth $1,004,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Eagle Bancorp during the fourth quarter worth $14,529,000. Chevy Chase Trust Holdings Inc. increased its position in Eagle Bancorp by 26.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 119,802 shares of the financial services provider’s stock worth $7,152,000 after buying an additional 25,267 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in Eagle Bancorp during the first quarter worth approximately $531,000. Teachers Advisors LLC increased its position in Eagle Bancorp by 11.2% in the fourth quarter. Teachers Advisors LLC now owns 57,057 shares of the financial services provider’s stock worth $3,478,000 after buying an additional 5,737 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Eagle Bancorp by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 794,108 shares of the financial services provider’s stock worth $47,409,000 after buying an additional 33,046 shares in the last quarter. Institutional investors own 66.55% of the company’s stock.
Shares of Eagle Bancorp, Inc. (NASDAQ EGBN) traded down 1.19% during midday trading on Thursday, reaching $62.10. The company’s stock had a trading volume of 22,885 shares. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 20.23 and a beta of 0.70. The company has a 50-day moving average price of $62.65 and a 200-day moving average price of $60.77. Eagle Bancorp, Inc. has a 12 month low of $47.20 and a 12 month high of $65.00.
Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.04. The firm had revenue of $76.72 million for the quarter, compared to analyst estimates of $75.41 million. Eagle Bancorp had a return on equity of 12.39% and a net margin of 31.79%. During the same quarter in the previous year, the firm earned $0.71 EPS. Equities analysts expect that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current year.
A number of research firms recently commented on EGBN. Zacks Investment Research downgraded Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 price objective on shares of Eagle Bancorp in a report on Friday, May 19th. BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, FIG Partners upgraded Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price objective on the stock in a report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $67.25.
In other Eagle Bancorp news, CEO Ronald D. Paul sold 706 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $64.12, for a total transaction of $45,268.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Antonio F. Marquez sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $63.04, for a total value of $138,688.00. Following the transaction, the executive vice president now directly owns 20,273 shares in the company, valued at approximately $1,278,009.92. The disclosure for this sale can be found here. Insiders have sold a total of 32,924 shares of company stock worth $2,074,098 in the last ninety days. Insiders own 8.39% of the company’s stock.
About Eagle Bancorp
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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