California Public Employees Retirement System lifted its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,303 shares of the financial services provider’s stock after buying an additional 6,235 shares during the quarter. California Public Employees Retirement System owned about 0.14% of Eagle Bancorp worth $2,739,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in shares of Eagle Bancorp in the fourth quarter worth about $644,000. Maltese Capital Management LLC bought a new position in shares of Eagle Bancorp in the fourth quarter worth about $1,737,000. American Century Companies Inc. bought a new position in shares of Eagle Bancorp in the fourth quarter worth about $406,000. Meeder Asset Management Inc. raised its stake in shares of Eagle Bancorp by 984.3% in the fourth quarter. Meeder Asset Management Inc. now owns 2,624 shares of the financial services provider’s stock worth $152,000 after buying an additional 2,382 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Eagle Bancorp by 9.9% in the fourth quarter. Aperio Group LLC now owns 8,613 shares of the financial services provider’s stock worth $499,000 after buying an additional 776 shares during the period. 69.92% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Wednesday, January 3rd. BidaskClub raised Eagle Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Stephens raised Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price objective on the stock in a research note on Friday, January 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Eagle Bancorp in a research note on Friday, December 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $68.00.
Shares of Eagle Bancorp, Inc. (NASDAQ EGBN) opened at $63.50 on Tuesday. The stock has a market capitalization of $2,172.86, a P/E ratio of 19.07 and a beta of 0.85. Eagle Bancorp, Inc. has a 12 month low of $46.20 and a 12 month high of $69.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05.
Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. The company had revenue of $84.86 million for the quarter, compared to the consensus estimate of $80.80 million. Eagle Bancorp had a return on equity of 12.49% and a net margin of 28.32%. equities analysts forecast that Eagle Bancorp, Inc. will post 4.43 earnings per share for the current fiscal year.
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Eagle Bancorp Company 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.
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