Russell Investments Group Ltd. Has $2.03 Million Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

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Russell Investments Group Ltd. lowered its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 22.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,407 shares of the financial services provider’s stock after selling 10,681 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of Eagle Bancorp worth $2,025,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Prudential Financial Inc. grew its position in Eagle Bancorp by 12.5% during the second quarter. Prudential Financial Inc. now owns 60,730 shares of the financial services provider’s stock worth $3,287,000 after buying an additional 6,770 shares in the last quarter. Wasatch Advisors Inc. lifted its stake in Eagle Bancorp by 0.7% during the second quarter. Wasatch Advisors Inc. now owns 3,249,555 shares of the financial services provider’s stock worth $175,898,000 after purchasing an additional 23,322 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Eagle Bancorp by 16.9% during the second quarter. JPMorgan Chase & Co. now owns 10,376 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 1,498 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in Eagle Bancorp by 3.4% during the second quarter. Great Lakes Advisors LLC now owns 61,989 shares of the financial services provider’s stock worth $3,355,000 after purchasing an additional 2,011 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in Eagle Bancorp by 0.7% during the second quarter. Eagle Asset Management Inc. now owns 61,586 shares of the financial services provider’s stock worth $3,333,000 after purchasing an additional 446 shares during the last quarter. 74.63% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ EGBN traded down $0.02 on Thursday, reaching $44.93. The company had a trading volume of 2,400 shares, compared to its average volume of 209,892. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 1.52 and a beta of 0.90. Eagle Bancorp, Inc. has a fifty-two week low of $37.08 and a fifty-two week high of $60.77. The business has a 50 day moving average of $40.72 and a two-hundred day moving average of $50.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.04.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.05). The company had revenue of $87.70 million during the quarter, compared to analyst estimates of $82.37 million. Eagle Bancorp had a net margin of 33.71% and a return on equity of 13.77%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. As a group, research analysts predict that Eagle Bancorp, Inc. will post 4.32 earnings per share for the current fiscal year.

In related news, EVP Antonio F. Marquez sold 2,500 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $41.79, for a total value of $104,475.00. Following the completion of the sale, the executive vice president now directly owns 27,799 shares in the company, valued at $1,161,720.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.25% of the company’s stock.

A number of brokerages have recently commented on EGBN. ValuEngine cut Eagle Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 18th. Piper Jaffray Companies cut Eagle Bancorp from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $63.00 to $47.00 in a research note on Friday, July 19th. Zacks Investment Research cut Eagle Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, July 22nd. Sandler O’Neill reiterated a “hold” rating on shares of Eagle Bancorp in a research note on Thursday, July 18th. Finally, TheStreet cut Eagle Bancorp from a “b-” rating to a “c” rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $54.20.

Eagle Bancorp 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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