Eagle Bancorp Inc. (EGBN) Shares Bought by First Trust Advisors LP
First Trust Advisors LP boosted its stake in Eagle Bancorp Inc. (NASDAQ:EGBN) by 66.0% during the second quarter, Holdings Channel reports. The firm owned 54,665 shares of the financial services provider’s stock after buying an additional 21,732 shares during the period. First Trust Advisors LP owned approximately 0.16% of Eagle Bancorp worth $2,630,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Eagle Bancorp by 101.1% in the first quarter. BlackRock Inc. now owns 2,214 shares of the financial services provider’s stock valued at $106,000 after buying an additional 1,113 shares in the last quarter. Profit Investment Management LLC bought a new position in shares of Eagle Bancorp during the second quarter valued at about $201,000. Bayesian Capital Management LP bought a new position in shares of Eagle Bancorp during the first quarter valued at about $206,000. Rothschild Asset Management Inc. bought a new position in shares of Eagle Bancorp during the second quarter valued at about $265,000. Finally, M&T Bank Corp increased its position in shares of Eagle Bancorp by 3.2% in the second quarter. M&T Bank Corp now owns 7,216 shares of the financial services provider’s stock valued at $347,000 after buying an additional 225 shares in the last quarter. 67.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Eagle Bancorp Inc. (NASDAQ:EGBN) traded up 0.36% on Tuesday, hitting $49.78. The company had a trading volume of 62,736 shares. Eagle Bancorp Inc. has a 12 month low of $42.37 and a 12 month high of $55.56. The company has a 50-day moving average of $50.96 and a 200 day moving average of $49.52. The stock has a market cap of $1.67 billion, a PE ratio of 18.65 and a beta of 0.83.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. Eagle Bancorp had a net margin of 30.91% and a return on equity of 12.15%. During the same quarter last year, the business earned $0.61 EPS. Analysts anticipate that Eagle Bancorp Inc. will post $2.79 EPS for the current fiscal year.
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, which operates over 20 banking offices in Montgomery County, Maryland; District of Columbia, and Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area.
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