Nationwide Fund Advisors decreased its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,628 shares of the financial services provider’s stock after selling 1,651 shares during the period. Nationwide Fund Advisors owned 0.14% of Eagle Bancorp worth $3,261,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EGBN. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Eagle Bancorp by 158.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,162 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Eagle Bancorp by 38.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,874 shares of the financial services provider’s stock worth $182,000 after buying an additional 800 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Eagle Bancorp by 49.9% during the second quarter. D.A. Davidson & CO. now owns 3,537 shares of the financial services provider’s stock worth $223,000 after buying an additional 1,177 shares during the last quarter. Amalgamated Bank boosted its holdings in Eagle Bancorp by 7.5% during the second quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock worth $256,000 after buying an additional 283 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Eagle Bancorp by 376.9% during the second quarter. BNP Paribas Arbitrage SA now owns 4,144 shares of the financial services provider’s stock worth $262,000 after buying an additional 3,275 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

EGBN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, August 22nd. Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a report on Thursday, October 19th. BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $64.00 target price on shares of Eagle Bancorp in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $68.50.

Shares of Eagle Bancorp, Inc. (EGBN) opened at $59.60 on Tuesday. The company has a market capitalization of $2,013.08, a PE ratio of 18.41 and a beta of 0.87. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. Eagle Bancorp, Inc. has a 1 year low of $46.20 and a 1 year high of $69.80.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. The company had revenue of $71.94 million for the quarter, compared to analyst estimates of $72.66 million. Eagle Bancorp had a return on equity of 12.37% and a net margin of 32.40%. Eagle Bancorp’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. research analysts forecast that Eagle Bancorp, Inc. will post 3.34 EPS for the current year.

In other news, Director Dudley C. Dworken sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $67.00, for a total transaction of $134,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ronald D. Paul sold 4,217 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $63.75, for a total value of $268,833.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,462 shares of company stock worth $7,580,740. 8.39% of the stock is currently owned by insiders.

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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.

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

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