UBS Group AG cut its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 71.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,224 shares of the financial services provider’s stock after selling 26,155 shares during the period. UBS Group AG’s holdings in Eagle Bancorp were worth $611,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of EGBN. Russell Investments Group Ltd. bought a new stake in Eagle Bancorp during the fourth quarter worth $1,358,000. Norges Bank bought a new stake in Eagle Bancorp during the fourth quarter worth $14,529,000. Teachers Advisors LLC increased its stake in Eagle Bancorp by 11.2% in the fourth quarter. Teachers Advisors LLC now owns 57,057 shares of the financial services provider’s stock worth $3,478,000 after buying an additional 5,737 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Eagle Bancorp by 26.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 119,802 shares of the financial services provider’s stock worth $7,152,000 after buying an additional 25,267 shares during the last quarter. Finally, Creative Planning increased its stake in Eagle Bancorp by 258.7% in the first quarter. Creative Planning now owns 45,073 shares of the financial services provider’s stock worth $2,691,000 after buying an additional 32,508 shares during the last quarter. Institutional investors own 66.55% of the company’s stock.
Eagle Bancorp, Inc. (EGBN) opened at 61.50 on Friday. Eagle Bancorp, Inc. has a one year low of $47.20 and a one year high of $65.00. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 20.03 and a beta of 0.70. The company has a 50-day moving average of $62.67 and a 200-day moving average of $60.79.
Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.04. Eagle Bancorp had a return on equity of 12.17% and a net margin of 31.79%. The company had revenue of $76.72 million during the quarter, compared to analyst estimates of $75.41 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Equities research analysts expect that Eagle Bancorp, Inc. will post $3.27 EPS for the current fiscal year.
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A number of equities research analysts have recently weighed in on EGBN shares. Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Thursday, April 20th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 price target on shares of Eagle Bancorp in a research note on Friday, May 19th. FIG Partners upgraded shares of Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price target on the stock in a research note on Monday, May 22nd. Finally, BidaskClub upgraded shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $67.25.
In other Eagle Bancorp news, Director Leland M. Weinstein sold 8,295 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $62.22, for a total value of $516,114.90. Following the completion of the sale, the director now owns 72,469 shares of the company’s stock, valued at $4,509,021.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ronald D. Paul sold 7,791 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $63.50, for a total value of $494,728.50. The disclosure for this sale can be found here. Insiders have sold 32,924 shares of company stock valued at $2,074,098 in the last three months. 8.39% of the stock is owned by insiders.
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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