Chevy Chase Trust Holdings LLC Sells 2,105 Shares of Eagle Bancorp, Inc. $EGBN

Chevy Chase Trust Holdings LLC lessened its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,065 shares of the financial services provider’s stock after selling 2,105 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.13% of Eagle Bancorp worth $742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of EGBN. Allianz Asset Management GmbH bought a new stake in Eagle Bancorp during the 2nd quarter valued at about $831,000. CWM LLC grew its holdings in shares of Eagle Bancorp by 11.9% during the second quarter. CWM LLC now owns 17,106 shares of the financial services provider’s stock valued at $333,000 after buying an additional 1,819 shares during the last quarter. Sippican Capital Advisors bought a new stake in shares of Eagle Bancorp during the second quarter valued at approximately $252,000. Inspire Investing LLC raised its holdings in Eagle Bancorp by 21.8% in the 2nd quarter. Inspire Investing LLC now owns 19,897 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 3,558 shares during the last quarter. Finally, Hennessy Advisors Inc. lifted its position in Eagle Bancorp by 40.0% in the 2nd quarter. Hennessy Advisors Inc. now owns 140,000 shares of the financial services provider’s stock valued at $2,727,000 after acquiring an additional 40,000 shares in the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Stock Performance

Shares of EGBN opened at $19.46 on Wednesday. The firm has a market capitalization of $590.98 million, a P/E ratio of -19.08 and a beta of 1.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.85. Eagle Bancorp, Inc. has a one year low of $15.47 and a one year high of $30.94. The business has a fifty day moving average of $19.92 and a 200 day moving average of $19.09.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Monday, September 11th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter. Eagle Bancorp had a negative return on equity of 2.54% and a negative net margin of 4.60%.The business had revenue of $88.48 million for the quarter. As a group, sell-side analysts anticipate that Eagle Bancorp, Inc. will post 2.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Eagle Bancorp in a report on Wednesday, October 8th. Wall Street Zen cut Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 26th. Piper Sandler reduced their price objective on Eagle Bancorp from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Finally, Zacks Research raised Eagle Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Eagle Bancorp has a consensus rating of “Hold” and an average price target of $21.00.

About Eagle Bancorp

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.