Bank of New York Mellon Corp cut its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,569 shares of the financial services provider’s stock after selling 2,076 shares during the period. Bank of New York Mellon Corp owned 0.60% of Eagle Bancorp worth $12,601,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EGBN. Epoch Investment Partners Inc. increased its stake in shares of Eagle Bancorp by 35.9% during the 2nd quarter. Epoch Investment Partners Inc. now owns 768,337 shares of the financial services provider’s stock worth $47,099,000 after purchasing an additional 202,943 shares during the last quarter. Phocas Financial Corp. increased its stake in shares of Eagle Bancorp by 103.2% during the 2nd quarter. Phocas Financial Corp. now owns 180,475 shares of the financial services provider’s stock worth $11,063,000 after purchasing an additional 91,645 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Eagle Bancorp by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,040,643 shares of the financial services provider’s stock worth $63,792,000 after purchasing an additional 84,000 shares during the last quarter. BlackRock Inc. increased its stake in shares of Eagle Bancorp by 3.9% during the 2nd quarter. BlackRock Inc. now owns 2,155,130 shares of the financial services provider’s stock worth $132,109,000 after purchasing an additional 80,171 shares during the last quarter. Finally, Federated Investors Inc. PA increased its stake in shares of Eagle Bancorp by 2,251.8% during the 2nd quarter. Federated Investors Inc. PA now owns 48,988 shares of the financial services provider’s stock worth $3,003,000 after purchasing an additional 46,905 shares during the last quarter. Institutional investors own 68.43% of the company’s stock.

Several research analysts have recently weighed in on EGBN shares. Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 18th. BidaskClub upgraded shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 15th. ValuEngine upgraded shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 20th. Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Monday, October 22nd. Finally, Gabelli started coverage on shares of Eagle Bancorp in a research note on Monday, August 27th. They set a “buy” rating and a $74.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $66.85.

Shares of EGBN opened at $52.01 on Friday. Eagle Bancorp, Inc. has a 52 week low of $46.49 and a 52 week high of $65.42. The stock has a market capitalization of $1.84 billion, a P/E ratio of 15.53 and a beta of 0.61. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.02. Eagle Bancorp had a net margin of 31.86% and a return on equity of 14.14%. The business had revenue of $86.93 million for the quarter, compared to analyst estimates of $85.67 million. During the same quarter in the prior year, the business earned $0.87 EPS. Equities analysts expect that Eagle Bancorp, Inc. will post 4.41 earnings per share for the current year.

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

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