Stifel Financial Corp Has $17.58 Million Stake in Eagle Bancorp, Inc. (EGBN)
Stifel Financial Corp increased its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 13.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 277,815 shares of the financial services provider’s stock after acquiring an additional 33,342 shares during the quarter. Stifel Financial Corp owned about 0.81% of Eagle Bancorp worth $17,577,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Eagle Bancorp by 158.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 1,162 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Eagle Bancorp in the first quarter valued at approximately $124,000. Ameritas Investment Partners Inc. bought a new position in shares of Eagle Bancorp in the first quarter valued at approximately $158,000. Prudential Financial Inc. boosted its position in shares of Eagle Bancorp by 0.3% in the first quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 10 shares during the period. Finally, D.A. Davidson & CO. boosted its position in shares of Eagle Bancorp by 49.9% in the second quarter. D.A. Davidson & CO. now owns 3,537 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 1,177 shares during the period. Institutional investors own 68.07% of the company’s stock.
Several equities research analysts have issued reports on EGBN shares. Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Tuesday, August 22nd. BidaskClub lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $67.50.
In other Eagle Bancorp news, Director Leslie M. Alperstein sold 4,212 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $67.38, for a total value of $283,804.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ronald D. Paul sold 706 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $64.12, for a total value of $45,268.72. The disclosure for this sale can be found here. Insiders sold a total of 139,209 shares of company stock valued at $8,919,987 over the last 90 days. 8.39% of the stock is currently owned by corporate insiders.
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Shares of Eagle Bancorp, Inc. (NASDAQ EGBN) traded up 0.98% during midday trading on Friday, reaching $67.05. 139,982 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $62.30 and its 200 day moving average price is $60.85. Eagle Bancorp, Inc. has a one year low of $47.20 and a one year high of $68.10. The firm has a market capitalization of $2.29 billion, a PE ratio of 21.84 and a beta of 0.72.
Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.04. Eagle Bancorp had a return on equity of 12.17% and a net margin of 31.79%. The business had revenue of $76.72 million during the quarter, compared to the consensus estimate of $75.41 million. During the same period in the prior year, the company posted $0.71 EPS. On average, equities research analysts expect that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current fiscal year.
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. 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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