First Trust Advisors LP Has $3.99 Million Holdings in Eagle Bancorp, Inc. (EGBN)

First Trust Advisors LP decreased its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,526 shares of the financial services provider’s stock after selling 2,227 shares during the period. First Trust Advisors LP owned approximately 0.17% of Eagle Bancorp worth $3,991,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Eagle Bancorp by 158.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 1,162 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Eagle Bancorp by 38.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,874 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 800 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Eagle Bancorp by 0.3% during the first quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 10 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of Eagle Bancorp by 49.9% during the second quarter. D.A. Davidson & CO. now owns 3,537 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Eagle Bancorp by 7.5% during the second quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 68.95% of the company’s stock.

Shares of Eagle Bancorp, Inc. (NASDAQ EGBN) opened at $67.10 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $2,293.34, a PE ratio of 20.97 and a beta of 0.90. Eagle Bancorp, Inc. has a 12 month low of $53.80 and a 12 month high of $68.90.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. The business had revenue of $71.94 million during the quarter, compared to the consensus estimate of $72.66 million. Eagle Bancorp had a net margin of 32.40% and a return on equity of 12.37%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. equities analysts forecast that Eagle Bancorp, Inc. will post 3.33 EPS for the current year.

In other news, CEO Ronald D. Paul sold 800 shares of Eagle Bancorp stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $64.40, for a total transaction of $51,520.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ronald D. Paul sold 7,500 shares of Eagle Bancorp stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $62.20, for a total transaction of $466,500.00. The disclosure for this sale can be found here. Insiders have sold 166,262 shares of company stock valued at $10,786,581 in the last ninety days. Insiders own 8.39% of the company’s stock.

A number of research analysts recently commented on EGBN shares. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Friday, October 20th. Boenning Scattergood reaffirmed a “buy” rating on shares of Eagle Bancorp in a report on Thursday, October 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $64.00 price target on shares of Eagle Bancorp in a report on Tuesday, October 3rd. Finally, BidaskClub downgraded shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $68.50.

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Eagle Bancorp Profile

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.

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

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