Hennion & Walsh Asset Management Inc. Has $249,000 Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Hennion & Walsh Asset Management Inc. lessened its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,565 shares of the financial services provider’s stock after selling 4,513 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Eagle Bancorp were worth $249,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Eagle Bancorp by 3.7% in the third quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider’s stock valued at $16,254,000 after acquiring an additional 25,578 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Eagle Bancorp by 5.0% during the third quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 1,340 shares during the period. HighTower Advisors LLC increased its holdings in Eagle Bancorp by 4.3% in the third quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 450 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Eagle Bancorp by 41.6% in the third quarter. BNP Paribas Financial Markets now owns 55,627 shares of the financial services provider’s stock valued at $1,256,000 after buying an additional 16,338 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Eagle Bancorp by 63.9% during the third quarter. Jane Street Group LLC now owns 71,703 shares of the financial services provider’s stock worth $1,619,000 after buying an additional 27,942 shares during the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Trading Up 1.9 %

NASDAQ EGBN opened at $25.10 on Wednesday. Eagle Bancorp, Inc. has a one year low of $15.99 and a one year high of $30.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $758.02 million, a P/E ratio of -17.93 and a beta of 1.10. The stock’s 50-day moving average is $27.28 and its 200-day moving average is $24.19.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.27. The firm had revenue of $180.76 million for the quarter, compared to analyst estimates of $80.31 million. Eagle Bancorp had a negative net margin of 5.97% and a positive return on equity of 5.04%. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Sell-side analysts anticipate that Eagle Bancorp, Inc. will post 1.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on EGBN. Piper Sandler assumed coverage on Eagle Bancorp in a research note on Monday, October 21st. They issued a “neutral” rating and a $27.00 price target for the company. StockNews.com upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Eagle Bancorp from $25.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Eagle Bancorp Profile

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.