Dimensional Fund Advisors LP Raises Position in Eagle Bancorp, Inc. (EGBN)
Dimensional Fund Advisors LP raised its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 761,062 shares of the financial services provider’s stock after buying an additional 18,260 shares during the period. Dimensional Fund Advisors LP’s holdings in Eagle Bancorp were worth $46,387,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in EGBN. Fuller & Thaler Asset Management Inc. increased its stake in shares of Eagle Bancorp by 1,066.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,625 shares of the financial services provider’s stock valued at $129,000 after buying an additional 2,400 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Eagle Bancorp during the third quarter valued at about $137,000. Burt Wealth Advisors increased its stake in shares of Eagle Bancorp by 46.5% in the third quarter. Burt Wealth Advisors now owns 3,087 shares of the financial services provider’s stock valued at $152,000 after buying an additional 980 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Eagle Bancorp during the third quarter valued at about $249,000. Finally, Rothschild Asset Management Inc. increased its stake in shares of Eagle Bancorp by 2.5% in the third quarter. Rothschild Asset Management Inc. now owns 5,635 shares of the financial services provider’s stock valued at $278,000 after buying an additional 137 shares during the period. 66.21% of the stock is currently owned by institutional investors.
Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) opened at 60.10 on Tuesday. The stock has a market cap of $2.05 billion, a P/E ratio of 21.01 and a beta of 0.71. The firm has a 50 day moving average of $61.67 and a 200 day moving average of $56.37. Eagle Bancorp, Inc. has a one year low of $44.55 and a one year high of $64.94.
Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, January 18th. The financial services provider reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.04. Eagle Bancorp had a return on equity of 12.39% and a net margin of 31.21%. The company earned $74 million during the quarter, compared to analyst estimates of $67.36 million. During the same quarter last year, the company earned $0.67 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts predict that Eagle Bancorp, Inc. will post $3.10 EPS for the current fiscal year.
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EGBN has been the topic of several recent research reports. Sandler O’Neill raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Thursday, February 9th. Stephens downgraded shares of Eagle Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 21st.
In related news, CFO James H. Langmead sold 4,900 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $60.14, for a total transaction of $294,686.00. Following the completion of the transaction, the chief financial officer now owns 55,470 shares of the company’s stock, valued at approximately $3,335,965.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO James H. Langmead sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $62.08, for a total value of $310,400.00. Following the transaction, the chief financial officer now directly owns 49,670 shares of the company’s stock, valued at approximately $3,083,513.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,900 shares of company stock valued at $922,486. 9.99% of the stock is owned by corporate 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, 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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