Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp trimmed its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 28.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,942 shares of the financial services provider’s stock after selling 6,726 shares during the period. Heritage Investors Management Corp’s holdings in Eagle Bancorp were worth $981,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wasatch Advisors Inc. lifted its holdings in shares of Eagle Bancorp by 20.4% during the 4th quarter. Wasatch Advisors Inc. now owns 2,631,962 shares of the financial services provider’s stock worth $152,391,000 after acquiring an additional 446,808 shares during the period. Vanguard Group Inc. increased its position in Eagle Bancorp by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,523,941 shares of the financial services provider’s stock worth $159,766,000 after purchasing an additional 129,146 shares in the last quarter. BlackRock Inc. increased its position in Eagle Bancorp by 5.3% during the 2nd quarter. BlackRock Inc. now owns 2,061,719 shares of the financial services provider’s stock worth $130,506,000 after purchasing an additional 103,343 shares in the last quarter. Victory Capital Management Inc. increased its position in Eagle Bancorp by 5.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,386,541 shares of the financial services provider’s stock worth $92,968,000 after purchasing an additional 66,279 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Eagle Bancorp by 6.6% during the 4th quarter. Jennison Associates LLC now owns 1,376,718 shares of the financial services provider’s stock worth $79,712,000 after purchasing an additional 84,731 shares in the last quarter. Institutional investors own 66.91% of the company’s stock.

Eagle Bancorp, Inc. (NASDAQ EGBN) opened at $63.15 on Tuesday. Eagle Bancorp, Inc. has a one year low of $46.20 and a one year high of $69.80. The stock has a market capitalization of $2,160.89, a price-to-earnings ratio of 21.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 return on equity of 12.65% and a net margin of 28.32%. analysts predict that Eagle Bancorp, Inc. will post 4.43 EPS for the current fiscal year.

A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Wednesday, January 3rd. BidaskClub raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Stephens raised shares of Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price objective for the company in a research report on Friday, January 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Eagle Bancorp in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $68.00.

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Eagle Bancorp Company 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.

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

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