Bronfman E.L. Rothschild L.P. cut its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,760 shares of the financial services provider’s stock after selling 2,619 shares during the period. Bronfman E.L. Rothschild L.P. owned approximately 0.33% of Eagle Bancorp worth $5,541,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in Eagle Bancorp by 15.2% during the third quarter. Russell Investments Group Ltd. now owns 56,482 shares of the financial services provider’s stock valued at $2,858,000 after purchasing an additional 7,471 shares during the period. Systematic Financial Management LP grew its holdings in Eagle Bancorp by 8.1% during the third quarter. Systematic Financial Management LP now owns 24,680 shares of the financial services provider’s stock valued at $1,249,000 after purchasing an additional 1,850 shares during the period. Prudential Financial Inc. grew its holdings in Eagle Bancorp by 138.3% during the third quarter. Prudential Financial Inc. now owns 13,528 shares of the financial services provider’s stock valued at $684,000 after purchasing an additional 7,850 shares during the period. Alliancebernstein L.P. grew its holdings in Eagle Bancorp by 17.4% during the third quarter. Alliancebernstein L.P. now owns 124,410 shares of the financial services provider’s stock valued at $6,295,000 after purchasing an additional 18,439 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in Eagle Bancorp during the third quarter valued at approximately $210,000. 78.91% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. BidaskClub upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Stephens cut shares of Eagle Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. TheStreet upgraded shares of Eagle Bancorp from a “c+” rating to a “b-” rating in a report on Thursday, January 31st. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a report on Thursday, January 17th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.85.
Shares of EGBN opened at $55.42 on Friday. Eagle Bancorp, Inc. has a 12 month low of $45.15 and a 12 month high of $65.42. The firm has a market cap of $1.91 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98. 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 (NASDAQ:EGBN) last announced its earnings results on Wednesday, January 16th. The financial services provider reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.03. Eagle Bancorp had a net margin of 36.62% and a return on equity of 14.58%. The business had revenue of $81.70 million during the quarter, compared to analysts’ expectations of $82.13 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts predict that Eagle Bancorp, Inc. will post 4.7 EPS for the current year.
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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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