Jennison Associates LLC reduced its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,171,429 shares of the financial services provider’s stock after selling 9,779 shares during the quarter. Jennison Associates LLC owned 3.41% of Eagle Bancorp worth $59,274,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. UBS Group AG raised its position in shares of Eagle Bancorp by 23.0% during the first quarter. UBS Group AG now owns 11,075 shares of the financial services provider’s stock valued at $662,000 after buying an additional 2,070 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Eagle Bancorp by 14.2% during the first quarter. Principal Financial Group Inc. now owns 19,871 shares of the financial services provider’s stock valued at $1,190,000 after buying an additional 2,466 shares during the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of Eagle Bancorp during the second quarter valued at approximately $200,000. Tdam USA Inc. raised its position in shares of Eagle Bancorp by 21.8% during the second quarter. Tdam USA Inc. now owns 29,746 shares of the financial services provider’s stock valued at $1,823,000 after buying an additional 5,331 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Eagle Bancorp by 28.8% during the second quarter. First Trust Advisors LP now owns 83,466 shares of the financial services provider’s stock valued at $5,116,000 after buying an additional 18,683 shares during the last quarter. Institutional investors own 68.95% of the company’s stock.

EGBN stock opened at $54.26 on Tuesday. Eagle Bancorp, Inc. has a fifty-two week low of $46.20 and a fifty-two week high of $69.80. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.85 billion, a P/E ratio of 13.05 and a beta of 0.67.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, October 17th. The financial services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Eagle Bancorp had a net margin of 31.86% and a return on equity of 14.14%. The firm had revenue of $86.93 million during the quarter, compared to analyst estimates of $85.67 million. During the same period last year, the firm posted $0.87 earnings per share. Analysts predict that Eagle Bancorp, Inc. will post 4.41 earnings per share for the current year.

Several research firms have recently issued reports on EGBN. Gabelli began coverage on shares of Eagle Bancorp in a research report on Monday, August 27th. They set a “buy” rating and a $74.00 price objective on the stock. ValuEngine upgraded shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday. BidaskClub cut shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, August 3rd. TheStreet cut shares of Eagle Bancorp from a “b-” rating to a “c+” rating in a research report on Thursday, November 15th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 18th. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $66.85.

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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. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.

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

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