US Bancorp DE Has $834,000 Position in Eagle Bancorp, Inc. (EGBN)

US Bancorp DE decreased its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 6.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,403 shares of the financial services provider’s stock after selling 943 shares during the period. US Bancorp DE’s holdings in Eagle Bancorp were worth $834,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation purchased a new stake in Eagle Bancorp in the 3rd quarter worth $231,000. Oppenheimer Asset Management Inc. raised its position in shares of Eagle Bancorp by 38.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,966 shares of the financial services provider’s stock valued at $266,000 after buying an additional 1,092 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Eagle Bancorp during the 3rd quarter valued at about $291,000. FMR LLC raised its position in shares of Eagle Bancorp by 8.5% during the 2nd quarter. FMR LLC now owns 4,856 shares of the financial services provider’s stock valued at $307,000 after buying an additional 382 shares in the last quarter. Finally, Aperio Group LLC raised its position in shares of Eagle Bancorp by 9.9% during the 4th quarter. Aperio Group LLC now owns 8,613 shares of the financial services provider’s stock valued at $499,000 after buying an additional 776 shares in the last quarter. Institutional investors and hedge funds own 66.91% of the company’s stock.

Eagle Bancorp, Inc. (NASDAQ:EGBN) opened at $62.30 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The company has a market cap of $2,159.18, a PE ratio of 18.95 and a beta of 0.84. Eagle Bancorp, Inc. has a fifty-two week low of $46.20 and a fifty-two week high of $69.80.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. The business had revenue of $84.86 million for the quarter, compared to the consensus estimate of $80.80 million. Eagle Bancorp had a net margin of 28.32% and a return on equity of 12.65%. equities analysts predict that Eagle Bancorp, Inc. will post 4.43 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the stock. BidaskClub upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Stephens upgraded shares of Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price target on the stock in a report on Friday, January 19th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $66.00 price target on shares of Eagle Bancorp in a report on Friday, December 22nd. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Eagle Bancorp presently has a consensus rating of “Buy” and an average price target of $68.00.

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About Eagle Bancorp

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

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