Trexquant Investment LP purchased a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,813 shares of the financial services provider’s stock, valued at approximately $345,000.

Other hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its stake in shares of Eagle Bancorp by 67.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,692 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 1,492 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Eagle Bancorp in the third quarter worth $210,000. Oppenheimer Asset Management Inc. raised its stake in shares of Eagle Bancorp by 32.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,758 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 1,914 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Eagle Bancorp by 199.3% in the second quarter. SG Americas Securities LLC now owns 8,038 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 5,352 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Eagle Bancorp in the second quarter worth $500,000. Hedge funds and other institutional investors own 68.43% of the company’s stock.

Shares of EGBN opened at $52.01 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.04 and a quick ratio of 1.03. Eagle Bancorp, Inc. has a one year low of $46.49 and a one year high of $65.42. The firm has a market capitalization of $1.83 billion, a P/E ratio of 15.53 and a beta of 0.61.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.02. Eagle Bancorp had a return on equity of 14.14% and a net margin of 31.86%. The company had revenue of $86.93 million during the quarter, compared to analyst estimates of $85.67 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. Equities research analysts predict that Eagle Bancorp, Inc. will post 4.41 EPS for the current fiscal year.

Several research analysts have recently weighed in on the company. Gabelli assumed coverage on Eagle Bancorp in a research note on Monday, August 27th. They issued a “buy” rating and a $74.00 price target for the company. ValuEngine raised Eagle Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 20th. Zacks Investment Research lowered Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. BidaskClub raised Eagle Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, November 15th. Finally, Stephens set a $65.00 price objective on Eagle Bancorp and gave the stock a “buy” rating in a report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Eagle Bancorp presently has an average rating of “Buy” and a consensus price target of $66.85.

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Eagle Bancorp Company Profile

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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