Eagle Bancorp, Inc. (EGBN) Holdings Boosted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,941 shares of the financial services provider’s stock after buying an additional 1,002 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Eagle Bancorp were worth $484,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP raised its stake in shares of Eagle Bancorp by 180.2% in the third quarter. Quantbot Technologies LP now owns 2,023 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,301 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Eagle Bancorp by 14.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,489 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 321 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Eagle Bancorp by 67.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,692 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 1,492 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Eagle Bancorp in the third quarter worth about $210,000. Finally, Paloma Partners Management Co bought a new position in shares of Eagle Bancorp in the third quarter worth about $333,000. Hedge funds and other institutional investors own 73.78% of the company’s stock.

EGBN opened at $56.09 on Wednesday. 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 company has a market cap of $1.87 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 0.93 and a beta of 0.96. Eagle Bancorp, Inc. has a fifty-two week low of $45.15 and a fifty-two week high of $65.42.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.03. The business had revenue of $81.70 million during the quarter, compared to the consensus estimate of $82.13 million. Eagle Bancorp had a net margin of 36.62% and a return on equity of 14.58%. Eagle Bancorp’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, equities research analysts anticipate that Eagle Bancorp, Inc. will post 4.74 earnings per share for the current fiscal year.

A number of brokerages have weighed in on EGBN. Stephens set a $65.00 target price on shares of Eagle Bancorp and gave the stock a “buy” rating in a research note on Friday, October 19th. BidaskClub raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Boenning Scattergood reaffirmed a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, January 17th. TheStreet downgraded shares of Eagle Bancorp from a “b-” rating to a “c+” rating in a research note on Thursday, November 15th. Finally, Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $66.85.

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Eagle Bancorp 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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