Hennessy Advisors Inc. lessened its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 10.0% during the 4th quarter, Holdings Channel reports. The firm owned 108,000 shares of the financial services provider’s stock after selling 12,000 shares during the period. Hennessy Advisors Inc.’s holdings in Eagle Bancorp were worth $6,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EGBN. Schwab Charles Investment Management Inc. increased its position in Eagle Bancorp by 3.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 148,708 shares of the financial services provider’s stock valued at $8,611,000 after acquiring an additional 4,492 shares during the last quarter. Profit Investment Management LLC increased its position in Eagle Bancorp by 34.7% during the fourth quarter. Profit Investment Management LLC now owns 35,987 shares of the financial services provider’s stock valued at $2,084,000 after acquiring an additional 9,265 shares during the last quarter. Wasatch Advisors Inc. increased its position in Eagle Bancorp by 20.4% during the fourth quarter. Wasatch Advisors Inc. now owns 2,631,962 shares of the financial services provider’s stock valued at $152,391,000 after acquiring an additional 446,808 shares during the last quarter. California Public Employees Retirement System increased its position in Eagle Bancorp by 6.7% during the third quarter. California Public Employees Retirement System now owns 41,068 shares of the financial services provider’s stock valued at $2,754,000 after acquiring an additional 2,578 shares during the last quarter. Finally, Zions Bancorporation bought a new position in Eagle Bancorp during the third quarter valued at $231,000. Institutional investors own 69.54% of the company’s stock.

In other news, Director Dudley C. Dworken sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $67.00, for a total value of $134,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ronald D. Paul sold 14,959 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $67.05, for a total transaction of $1,003,000.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,959 shares of company stock worth $1,670,351. Company insiders own 8.39% of the company’s stock.

EGBN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $64.00 price objective on shares of Eagle Bancorp in a research report on Tuesday, October 3rd. Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Friday, October 20th. BidaskClub upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Stephens upgraded shares of Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price objective on the stock in a research report on Friday, January 19th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Eagle Bancorp currently has an average rating of “Buy” and an average target price of $68.00.

Eagle Bancorp, Inc. (NASDAQ:EGBN) opened at $62.40 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. The company has a market cap of $2,165.63, a PE ratio of 21.37 and a beta of 0.88. Eagle Bancorp, Inc. has a 1-year low of $46.20 and a 1-year high of $69.80.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. The firm had revenue of $84.86 million for the quarter, compared to analysts’ expectations of $80.80 million. Eagle Bancorp had a net margin of 28.32% and a return on equity of 12.65%. research analysts predict that Eagle Bancorp, Inc. will post 4.41 EPS for the current year.

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Eagle Bancorp 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. 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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Institutional Ownership by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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