Eagle Bancorp Inc. (NASDAQ:EGBN) – Boenning Scattergood lowered their Q3 2016 earnings estimates for Eagle Bancorp in a note issued to investors on Thursday. Boenning Scattergood analyst M. Schultheis now forecasts that the brokerage will earn $0.64 per share for the quarter, down from their prior estimate of $0.68. Boenning Scattergood also issued estimates for Eagle Bancorp’s Q4 2016 earnings at $0.66 EPS, FY2016 earnings at $2.69 EPS and FY2017 earnings at $2.92 EPS.

Separately, Zacks Investment Research downgraded Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th.

Earnings History and Estimates for Eagle Bancorp (NASDAQ:EGBN)

Eagle Bancorp (NASDAQ:EGBN) opened at 48.49 on Monday. The stock has a market capitalization of $1.63 billion, a P/E ratio of 18.17 and a beta of 0.83. The company’s 50-day moving average price is $49.78 and its 200 day moving average price is $49.63. Eagle Bancorp has a 52-week low of $43.75 and a 52-week high of $55.56.

In other Eagle Bancorp news, Director Leslie M. Alperstein sold 5,000 shares of Eagle Bancorp stock in a transaction on Friday, September 30th. The stock was sold at an average price of $49.24, for a total transaction of $246,200.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dudley C. Dworken sold 1,167 shares of Eagle Bancorp stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $50.31, for a total value of $58,711.77. The disclosure for this sale can be found here. Company insiders own 9.99% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Profit Investment Management LLC increased its stake in Eagle Bancorp by 184.0% in the third quarter. Profit Investment Management LLC now owns 11,844 shares of the financial services provider’s stock worth $584,000 after buying an additional 7,674 shares in the last quarter. Hennessy Advisors Inc. increased its stake in Eagle Bancorp by 66.6% in the third quarter. Hennessy Advisors Inc. now owns 145,000 shares of the financial services provider’s stock worth $7,153,000 after buying an additional 57,979 shares in the last quarter. Creative Planning increased its stake in Eagle Bancorp by 0.8% in the third quarter. Creative Planning now owns 12,565 shares of the financial services provider’s stock worth $620,000 after buying an additional 100 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Eagle Bancorp by 88.1% in the third quarter. BNP Paribas Arbitrage SA now owns 2,891 shares of the financial services provider’s stock worth $143,000 after buying an additional 1,354 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Eagle Bancorp by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 101,612 shares of the financial services provider’s stock worth $4,889,000 after buying an additional 1,782 shares in the last quarter. 67.63% of the stock is currently owned by hedge funds and other institutional investors.

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, which operates over 20 banking offices in Montgomery County, Maryland; District of Columbia, and Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area.

5 Day Chart for NASDAQ:EGBN

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