Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,421 shares of the financial services provider’s stock after purchasing an additional 4,316 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.22% of Eagle Bancorp worth $1,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Eagle Bancorp by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 3,362,689 shares of the financial services provider’s stock valued at $101,351,000 after purchasing an additional 126,085 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Eagle Bancorp by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,440 shares of the financial services provider’s stock valued at $26,637,000 after purchasing an additional 169,621 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Eagle Bancorp by 16.5% in the 2nd quarter. American Century Companies Inc. now owns 510,770 shares of the financial services provider’s stock valued at $9,654,000 after purchasing an additional 72,415 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Eagle Bancorp by 76.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 457,881 shares of the financial services provider’s stock valued at $10,756,000 after purchasing an additional 199,057 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Eagle Bancorp by 1.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 342,171 shares of the financial services provider’s stock valued at $8,038,000 after purchasing an additional 5,093 shares in the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Trading Down 0.8 %

NASDAQ EGBN opened at $22.41 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s fifty day moving average price is $21.18 and its 200 day moving average price is $20.36. The company has a market capitalization of $676.56 million, a price-to-earnings ratio of 8.93 and a beta of 1.09. Eagle Bancorp, Inc. has a 12 month low of $15.99 and a 12 month high of $31.97.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.34. The firm had revenue of $175.06 million for the quarter, compared to the consensus estimate of $80.90 million. Eagle Bancorp had a negative net margin of 5.28% and a positive return on equity of 5.50%. During the same period last year, the firm posted $0.94 EPS. On average, sell-side analysts expect that Eagle Bancorp, Inc. will post 1.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, June 9th. Keefe, Bruyette & Woods increased their target price on shares of Eagle Bancorp from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, July 29th.

Eagle Bancorp Company 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.