4,200 Shares in Eagle Bancorp, Inc. (EGBN) Purchased by Menta Capital LLC
Menta Capital LLC purchased a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,200 shares of the financial services provider’s stock, valued at approximately $266,000.
A number of other large investors have also recently added to or reduced their stakes in EGBN. BlackRock Inc. lifted its position in shares of Eagle Bancorp by 54,771.8% during the first quarter. BlackRock Inc. now owns 1,958,376 shares of the financial services provider’s stock worth $116,916,000 after purchasing an additional 1,954,807 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Eagle Bancorp by 374.6% in the first quarter. Teachers Advisors LLC now owns 270,797 shares of the financial services provider’s stock valued at $16,167,000 after purchasing an additional 213,740 shares during the period. Jennison Associates LLC boosted its stake in shares of Eagle Bancorp by 23.5% in the second quarter. Jennison Associates LLC now owns 1,044,733 shares of the financial services provider’s stock valued at $66,132,000 after purchasing an additional 198,608 shares during the period. State Street Corp boosted its stake in shares of Eagle Bancorp by 14.8% in the first quarter. State Street Corp now owns 761,167 shares of the financial services provider’s stock valued at $45,443,000 after purchasing an additional 98,136 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Eagle Bancorp by 4.1% in the first quarter. Vanguard Group Inc. now owns 2,394,795 shares of the financial services provider’s stock valued at $142,970,000 after purchasing an additional 95,371 shares during the period. Institutional investors own 68.07% of the company’s stock.
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In other Eagle Bancorp news, EVP Janice L. Williams sold 10,000 shares of the business’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Antonio F. Marquez sold 2,200 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $63.04, for a total value of $138,688.00. Following the transaction, the executive vice president now owns 20,273 shares in the company, valued at approximately $1,278,009.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 139,209 shares of company stock valued at $8,919,987. 8.39% of the stock is owned by corporate insiders.
EGBN has been the subject of a number of research reports. BidaskClub upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $64.00 target price on shares of Eagle Bancorp in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Eagle Bancorp has a consensus rating of “Hold” and a consensus target price of $67.50.
Eagle Bancorp, Inc. (NASDAQ:EGBN) opened at 68.25 on Wednesday. Eagle Bancorp, Inc. has a 1-year low of $47.20 and a 1-year high of $68.30. The firm has a market capitalization of $2.33 billion, a PE ratio of 22.23 and a beta of 0.74. The company’s 50-day moving average price is $63.04 and its 200 day moving average price is $61.14.
Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.17%. The business had revenue of $76.72 million for the quarter, compared to analyst estimates of $75.41 million. During the same quarter in the previous year, the business posted $0.71 EPS. On average, equities analysts anticipate that Eagle Bancorp, Inc. will post $3.27 EPS for the current year.
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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