Chicago Equity Partners LLC Invests $2.01 Million in Eagle Bancorp, Inc. (EGBN) Stock

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, Inc. (EGBN) opened at $61.05 on Wednesday. Eagle Bancorp, Inc. has a 52-week low of $46.20 and a 52-week 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. The firm has a market cap of $2,050.00, a P/E ratio of 20.91 and a beta of 0.84.

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.

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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.

Want to see what other hedge funds are holding EGBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Bancorp, Inc. (NASDAQ:EGBN).

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

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