A.R.T. Advisors LLC Lowers Stake in Eagle Bancorp, Inc. (EGBN)

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A.R.T. Advisors LLC cut its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 67.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,647 shares of the financial services provider’s stock after selling 17,700 shares during the period. A.R.T. Advisors LLC’s holdings in Eagle Bancorp were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of EGBN. Federated Investors Inc. PA lifted its position in Eagle Bancorp by 1,398.6% during the first quarter. Federated Investors Inc. PA now owns 2,083 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 1,944 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Eagle Bancorp during the first quarter valued at $133,000. Rockefeller Capital Management L.P. acquired a new position in Eagle Bancorp during the first quarter valued at $155,000. SG Americas Securities LLC acquired a new position in Eagle Bancorp during the first quarter valued at $161,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in Eagle Bancorp during the fourth quarter valued at $236,000. Institutional investors own 69.51% of the company’s stock.

Eagle Bancorp opened at $62.15 on Tuesday, according to MarketBeat. Eagle Bancorp, Inc. has a fifty-two week low of $46.20 and a fifty-two week high of $69.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 18.55 and a beta of 0.86.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. Eagle Bancorp had a net margin of 29.77% and a return on equity of 13.10%. The company had revenue of $81.10 million during the quarter, compared to analysts’ expectations of $75.06 million. During the same quarter in the previous year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. equities analysts anticipate that Eagle Bancorp, Inc. will post 4.33 EPS for the current year.

A number of research firms recently issued reports on EGBN. Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. ValuEngine downgraded shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, May 7th. Boenning Scattergood restated a “buy” rating and set a $72.25 target price on shares of Eagle Bancorp in a research report on Wednesday, March 28th. Finally, BidaskClub downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $69.31.

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.

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

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