Smithfield Trust Co. Has $354,000 Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)
Smithfield Trust Co. continued to hold its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) during the second quarter, Holdings Channel reports. The institutional investor owned 5,599 shares of the financial services provider’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Eagle Bancorp were worth $354,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of EGBN. Oppenheimer Asset Management Inc. acquired a new position in Eagle Bancorp during the first quarter worth $124,000. Ameritas Investment Partners Inc. acquired a new position in Eagle Bancorp during the first quarter worth $158,000. Burt Wealth Advisors increased its position in Eagle Bancorp by 4.8% in the first quarter. Burt Wealth Advisors now owns 3,235 shares of the financial services provider’s stock worth $193,000 after buying an additional 148 shares during the period. Prudential Financial Inc. increased its position in Eagle Bancorp by 0.3% in the first quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock worth $203,000 after buying an additional 10 shares during the period. Finally, Karp Capital Management Corp acquired a new position in Eagle Bancorp during the first quarter worth $301,000. 66.62% of the stock is owned by institutional investors.
Eagle Bancorp, Inc. (EGBN) opened at 63.35 on Friday. The stock has a 50 day moving average of $62.71 and a 200-day moving average of $60.62. Eagle Bancorp, Inc. has a 12 month low of $47.20 and a 12 month high of $65.00. The company has a market cap of $2.16 billion, a P/E ratio of 20.64 and a beta of 0.70.
Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.04. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.39%. The firm had revenue of $76.72 million during the quarter, compared to analyst estimates of $75.41 million. During the same quarter in the prior year, the business posted $0.71 EPS. Equities research analysts expect that Eagle Bancorp, Inc. will post $3.27 EPS for the current year.
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A number of research analysts recently weighed in on EGBN shares. Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. BidaskClub downgraded shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, FIG Partners raised shares of Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 target price for the company in a research report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $67.25.
In other news, CEO Ronald D. Paul sold 706 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $64.12, for a total value of $45,268.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Antonio F. Marquez sold 2,200 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $63.04, for a total transaction of $138,688.00. Following the completion of the sale, the executive vice president now owns 20,273 shares of the company’s stock, valued at approximately $1,278,009.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,924 shares of company stock valued at $2,074,098. Company insiders own 8.39% of the company’s stock.
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. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.
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