Mackay Shields LLC bought a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 40,300 shares of the financial services provider’s stock, valued at approximately $2,412,000. Mackay Shields LLC owned approximately 0.12% of Eagle Bancorp at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of EGBN. Schwab Charles Investment Management Inc. lifted its holdings 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 worth $8,611,000 after acquiring an additional 4,492 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Eagle Bancorp by 13.1% during the fourth quarter. Fisher Asset Management LLC now owns 84,115 shares of the financial services provider’s stock worth $4,870,000 after acquiring an additional 9,763 shares in the last quarter. APG Asset Management N.V. bought a new position in Eagle Bancorp during the fourth quarter worth about $1,070,000. Jennison Associates LLC lifted its holdings in Eagle Bancorp by 6.6% during the fourth quarter. Jennison Associates LLC now owns 1,376,718 shares of the financial services provider’s stock worth $79,712,000 after acquiring an additional 84,731 shares in the last quarter. Finally, Lucas Capital Management lifted its holdings in Eagle Bancorp by 14.4% during the fourth quarter. Lucas Capital Management now owns 15,898 shares of the financial services provider’s stock worth $920,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 69.61% of the company’s stock.
Several research firms have weighed in on EGBN. Zacks Investment Research upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine lowered Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Monday, May 7th. BidaskClub lowered Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. Boenning Scattergood reiterated a “buy” rating and set a $72.25 target price on shares of Eagle Bancorp in a report on Wednesday, March 28th. Finally, Stephens upgraded Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 target price on the stock in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Eagle Bancorp presently has an average rating of “Hold” and a consensus target price of $68.85.
Shares of Eagle Bancorp opened at $60.45 on Friday, Marketbeat reports. The stock has a market capitalization of $2.07 billion, a PE ratio of 16.79 and a beta of 0.88. Eagle Bancorp, Inc. has a one year low of $60.25 and a one year high of $60.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.
Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, April 18th. The financial services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The company had revenue of $81.10 million for the quarter, compared to analyst estimates of $75.06 million. Eagle Bancorp had a return on equity of 13.10% and a net margin of 29.77%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 earnings per share. analysts predict that Eagle Bancorp, Inc. will post 4.33 earnings per share for the current fiscal year.
About Eagle Bancorp
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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