Century Capital Management LLC decreased its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,082 shares of the financial services provider’s stock after selling 1,037 shares during the quarter. Century Capital Management LLC owned approximately 0.07% of Eagle Bancorp worth $1,588,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Eagle Bancorp by 158.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,162 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Eagle Bancorp during the 1st quarter worth $124,000. Ameritas Investment Partners Inc. acquired a new position in shares of Eagle Bancorp during the 1st quarter worth $158,000. Prudential Financial Inc. increased its stake in shares of Eagle Bancorp by 0.3% during the 1st quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 10 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Eagle Bancorp by 376.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,144 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 3,275 shares during the last quarter. Institutional investors own 68.17% of the company’s stock.
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Several analysts recently issued reports on EGBN shares. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Thursday, June 8th. BidaskClub raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $64.00 price objective on shares of Eagle Bancorp in a report on Friday, May 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $66.50.
Shares of Eagle Bancorp, Inc. (NASDAQ EGBN) opened at 61.00 on Monday. The company has a market capitalization of $2.08 billion, a P/E ratio of 19.87 and a beta of 0.72. The company’s 50 day moving average is $62.14 and its 200 day moving average is $60.85. Eagle Bancorp, Inc. has a 12-month low of $47.20 and a 12-month high of $65.00.
Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.04. The business had revenue of $76.72 million for the quarter, compared to the consensus estimate of $75.41 million. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.17%. During the same period in the previous year, the company earned $0.71 earnings per share. Analysts expect that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current fiscal year.
In related news, CEO Ronald D. Paul sold 7,500 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $62.20, for a total transaction of $466,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Janice L. Williams sold 10,000 shares of the business’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $63.17, for a total transaction of $631,700.00. Following the transaction, the executive vice president now owns 73,490 shares in the company, valued at $4,642,363.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,338 shares of company stock worth $2,411,790. 8.39% of the stock is owned by corporate insiders.
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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