Eagle Bancorp Inc. (EGBN) Shares Sold by Eaton Vance Management
Eaton Vance Management cut its position in Eagle Bancorp Inc. (NASDAQ:EGBN) by 26.0% during the second quarter, Holdings Channel reports. The institutional investor owned 64,683 shares of the financial services provider’s stock after selling 22,729 shares during the period. Eaton Vance Management owned 0.19% of Eagle Bancorp worth $3,112,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in EGBN. State Street Corp raised its stake in shares of Eagle Bancorp by 25.3% in the first quarter. State Street Corp now owns 603,991 shares of the financial services provider’s stock worth $28,994,000 after buying an additional 122,105 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Eagle Bancorp by 3.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 874,167 shares of the financial services provider’s stock worth $41,960,000 after buying an additional 27,778 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Eagle Bancorp during the first quarter worth approximately $206,000. BlackRock Group LTD raised its stake in shares of Eagle Bancorp by 17.4% in the first quarter. BlackRock Group LTD now owns 26,723 shares of the financial services provider’s stock worth $1,283,000 after buying an additional 3,959 shares in the last quarter. Finally, M&T Bank Corp raised its stake in shares of Eagle Bancorp by 3.2% in the second quarter. M&T Bank Corp now owns 7,216 shares of the financial services provider’s stock worth $347,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 67.65% of the company’s stock.
Shares of Eagle Bancorp Inc. (NASDAQ:EGBN) traded up 0.38% during mid-day trading on Wednesday, reaching $49.97. 56,098 shares of the company traded hands. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 18.72 and a beta of 0.83. The firm has a 50-day moving average price of $50.92 and a 200 day moving average price of $49.52. Eagle Bancorp Inc. has a 52 week low of $42.72 and a 52 week high of $55.56.
Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Eagle Bancorp had a net margin of 30.91% and a return on equity of 12.15%. During the same quarter in the previous year, the business posted $0.61 EPS. On average, analysts anticipate that Eagle Bancorp Inc. will post $2.79 earnings per share for the current year.
Separately, Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday.
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, which operates over 20 banking offices in Montgomery County, Maryland; District of Columbia, and Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area.
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