Chicago Equity Partners LLC purchased a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 4th quarter, Holdings Channel reports. The firm purchased 34,665 shares of the financial services provider’s stock, valued at approximately $2,007,000.
Other institutional investors have also bought and sold shares of the company. Zions Bancorporation acquired a new position in Eagle Bancorp in the third quarter worth approximately $231,000. Oppenheimer Asset Management Inc. grew its position in Eagle Bancorp by 38.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 3,966 shares of the financial services provider’s stock worth $266,000 after buying an additional 1,092 shares during the last quarter. Amalgamated Bank grew its position in Eagle Bancorp by 7.5% in the second quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock worth $256,000 after buying an additional 283 shares during the last quarter. SG Americas Securities LLC acquired a new position in Eagle Bancorp in the third quarter worth approximately $291,000. Finally, FMR LLC grew its position in Eagle Bancorp by 8.5% in the second quarter. FMR LLC now owns 4,856 shares of the financial services provider’s stock worth $307,000 after buying an additional 382 shares during the last quarter. Hedge funds and other institutional investors own 69.03% of the company’s stock.
In other Eagle Bancorp news, Director Dudley C. Dworken sold 2,000 shares of Eagle Bancorp stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $67.00, for a total transaction of $134,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.39% of the company’s stock.
Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.02. Eagle Bancorp had a net margin of 28.32% and a return on equity of 12.65%. The firm had revenue of $84.86 million for the quarter, compared to analysts’ expectations of $80.80 million. equities analysts anticipate that Eagle Bancorp, Inc. will post 4.41 earnings per share for the current year.
EGBN has been the topic of several recent research reports. Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Friday, October 20th. Keefe, Bruyette & Woods restated a “neutral” rating on shares of Eagle Bancorp in a research report on Friday, October 20th. BidaskClub upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Stephens upgraded shares of Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price target on the stock in a research report on Friday, January 19th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $68.00.
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.
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