Walthausen & Co. LLC reduced its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 278,828 shares of the financial services provider’s stock after selling 2,520 shares during the period. Eagle Bancorp comprises approximately 1.7% of Walthausen & Co. LLC’s portfolio, making the stock its 9th biggest holding. Walthausen & Co. LLC owned about 0.82% of Eagle Bancorp worth $18,695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EGBN. Aperio Group LLC grew its position in Eagle Bancorp by 65.7% during the second quarter. Aperio Group LLC now owns 8,339 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 3,305 shares during the last quarter. Russell Investments Group Ltd. grew its position in Eagle Bancorp by 2.8% during the second quarter. Russell Investments Group Ltd. now owns 22,720 shares of the financial services provider’s stock valued at $1,438,000 after acquiring an additional 627 shares during the last quarter. Sei Investments Co. grew its position in Eagle Bancorp by 16.0% during the second quarter. Sei Investments Co. now owns 7,996 shares of the financial services provider’s stock valued at $506,000 after acquiring an additional 1,104 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Eagle Bancorp by 4.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 132,917 shares of the financial services provider’s stock valued at $8,414,000 after acquiring an additional 5,487 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Eagle Bancorp by 1.0% during the second quarter. Rhumbline Advisers now owns 36,428 shares of the financial services provider’s stock valued at $2,306,000 after acquiring an additional 376 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

In related news, Director Dudley C. Dworken sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $67.00, for a total value of $134,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Janice L. Williams sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $63.32, for a total value of $633,200.00. Following the completion of the sale, the executive vice president now directly owns 64,940 shares of the company’s stock, valued at approximately $4,112,000.80. The disclosure for this sale can be found here. Insiders sold 132,748 shares of company stock worth $8,680,770 in the last 90 days. Company insiders own 8.39% of the company’s stock.

A number of research analysts have commented on EGBN shares. Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Tuesday, August 22nd. Keefe, Bruyette & Woods upgraded shares of Eagle Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, December 4th. Finally, Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $68.50.

Eagle Bancorp, Inc. (NASDAQ:EGBN) opened at $55.45 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. Eagle Bancorp, Inc. has a fifty-two week low of $46.20 and a fifty-two week high of $69.80. The stock has a market cap of $1,917.39, a P/E ratio of 17.53 and a beta of 0.87.

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

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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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