Citadel Advisors LLC increased its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 370.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,624 shares of the financial services provider’s stock after purchasing an additional 79,245 shares during the period. Citadel Advisors LLC owned approximately 0.29% of Eagle Bancorp worth $5,092,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its holdings in shares of Eagle Bancorp by 14.2% during the 1st quarter. Principal Financial Group Inc. now owns 19,871 shares of the financial services provider’s stock worth $1,190,000 after purchasing an additional 2,466 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Eagle Bancorp by 28.8% during the 2nd quarter. First Trust Advisors LP now owns 83,466 shares of the financial services provider’s stock worth $5,116,000 after purchasing an additional 18,683 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Eagle Bancorp by 17.0% during the 2nd quarter. Sei Investments Co. now owns 16,567 shares of the financial services provider’s stock worth $1,016,000 after purchasing an additional 2,405 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Eagle Bancorp during the 2nd quarter worth approximately $500,000. Finally, Rhumbline Advisers grew its holdings in shares of Eagle Bancorp by 4.0% during the 2nd quarter. Rhumbline Advisers now owns 31,873 shares of the financial services provider’s stock worth $1,954,000 after purchasing an additional 1,215 shares in the last quarter. 68.43% of the stock is owned by hedge funds and other institutional investors.
Eagle Bancorp stock opened at $52.01 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. The company has a market cap of $1.83 billion, a P/E ratio of 12.89 and a beta of 0.61. Eagle Bancorp, Inc. has a one year low of $46.49 and a one year high of $65.42.
Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, October 17th. The financial services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.02. The business had revenue of $86.93 million during the quarter, compared to the consensus estimate of $85.67 million. Eagle Bancorp had a return on equity of 14.14% and a net margin of 31.86%. During the same quarter last year, the company earned $0.87 EPS. On average, equities research analysts forecast that Eagle Bancorp, Inc. will post 4.41 EPS for the current fiscal year.
Several analysts have recently weighed in on the company. Gabelli began coverage on Eagle Bancorp in a report on Monday, August 27th. They set a “buy” rating and a $74.00 price objective on the stock. ValuEngine upgraded Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 20th. Zacks Investment Research downgraded Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. BidaskClub upgraded Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 15th. Finally, Stephens set a $65.00 target price on Eagle Bancorp and gave the stock a “buy” rating in a research report on Friday, October 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $66.85.
About Eagle Bancorp
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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