Public Sector Pension Investment Board Has $3.66 Million Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

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Public Sector Pension Investment Board lowered its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,260 shares of the financial services provider’s stock after selling 12,400 shares during the quarter. Public Sector Pension Investment Board’s holdings in Eagle Bancorp were worth $3,660,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new stake in Eagle Bancorp in the 4th quarter valued at $30,000. Carmichael Hill & Associates Inc. acquired a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $58,000. SG Americas Securities LLC acquired a new stake in shares of Eagle Bancorp in the third quarter valued at about $164,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Eagle Bancorp in the fourth quarter valued at about $232,000. Finally, Bank of Montreal Can raised its position in shares of Eagle Bancorp by 29.3% in the fourth quarter. Bank of Montreal Can now owns 4,976 shares of the financial services provider’s stock valued at $242,000 after buying an additional 1,129 shares during the last quarter. 72.92% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp stock traded up $1.64 during midday trading on Thursday, hitting $31.66. 251,332 shares of the stock were exchanged, compared to its average volume of 334,495. Eagle Bancorp, Inc. has a fifty-two week low of $23.08 and a fifty-two week high of $57.38. The stock has a market capitalization of $934.41 million, a price-to-earnings ratio of 7.56, a PEG ratio of 1.21 and a beta of 0.97. The stock’s 50-day simple moving average is $37.56 and its 200 day simple moving average is $43.43. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.21.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by ($0.02). Eagle Bancorp had a return on equity of 12.60% and a net margin of 31.39%. The firm had revenue of $87.44 million for the quarter, compared to analyst estimates of $85.61 million. Equities analysts anticipate that Eagle Bancorp, Inc. will post 4.28 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Stephens assumed coverage on shares of Eagle Bancorp in a research report on Monday, January 6th. They issued an “equal weight” rating and a $50.00 target price for the company. Finally, BidaskClub upgraded shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Eagle Bancorp has a consensus rating of “Hold” and an average target price of $50.75.

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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