Brown Advisory Inc. Has $12.45 Million Stake in Eagle Bancorp, Inc. (EGBN)

Brown Advisory Inc. reduced its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,616 shares of the financial services provider’s stock after selling 2,179 shares during the period. Brown Advisory Inc. owned approximately 0.54% of Eagle Bancorp worth $12,446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Eagle Bancorp by 158.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the financial services provider’s stock valued at $120,000 after buying an additional 1,162 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Eagle Bancorp by 38.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,874 shares of the financial services provider’s stock valued at $182,000 after buying an additional 800 shares in the last quarter. D.A. Davidson & CO. raised its stake in Eagle Bancorp by 49.9% in the second quarter. D.A. Davidson & CO. now owns 3,537 shares of the financial services provider’s stock valued at $223,000 after buying an additional 1,177 shares in the last quarter. Amalgamated Bank raised its stake in Eagle Bancorp by 7.5% in the second quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock valued at $256,000 after buying an additional 283 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Eagle Bancorp by 376.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,144 shares of the financial services provider’s stock valued at $262,000 after buying an additional 3,275 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

In related news, CEO Ronald D. Paul sold 16,486 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $63.60, for a total transaction of $1,048,509.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dudley C. Dworken sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $67.00, for a total value of $134,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,553 shares of company stock worth $9,932,774. Corporate insiders own 8.39% of the company’s stock.

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 price target on shares of Eagle Bancorp in a research note on Tuesday, October 3rd. Zacks Investment Research lowered Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Eagle Bancorp in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $68.50.

Eagle Bancorp, Inc. (NASDAQ:EGBN) opened at $49.95 on Monday. The stock has a market capitalization of $1,707.19, a PE ratio of 15.61 and a beta of 0.87. Eagle Bancorp, Inc. has a twelve month low of $46.20 and a twelve month high of $69.80. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. Eagle Bancorp had a return on equity of 12.37% and a net margin of 32.40%. The firm had revenue of $71.94 million for the quarter, compared to analyst estimates of $72.66 million. During the same quarter last year, the company posted $0.72 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. sell-side analysts forecast that Eagle Bancorp, Inc. will post 3.33 EPS for the current year.

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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.

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

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