Trillium Asset Management LLC increased its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,185 shares of the financial services provider’s stock after buying an additional 48 shares during the period. Trillium Asset Management LLC owned about 0.05% of Eagle Bancorp worth $1,151,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EGBN. Prudential Financial Inc. raised its stake in shares of Eagle Bancorp by 0.3% in the first quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock worth $203,000 after buying an additional 10 shares in the last quarter. First National Bank of Hutchinson raised its stake in shares of Eagle Bancorp by 0.3% in the second quarter. First National Bank of Hutchinson now owns 10,224 shares of the financial services provider’s stock worth $649,000 after buying an additional 32 shares in the last quarter. Sei Investments Co. raised its stake in shares of Eagle Bancorp by 1.7% in the first quarter. Sei Investments Co. now owns 6,892 shares of the financial services provider’s stock worth $412,000 after buying an additional 112 shares in the last quarter. Burt Wealth Advisors raised its stake in shares of Eagle Bancorp by 4.8% in the first quarter. Burt Wealth Advisors now owns 3,235 shares of the financial services provider’s stock worth $193,000 after buying an additional 148 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Eagle Bancorp by 1.0% in the second quarter. Rhumbline Advisers now owns 36,428 shares of the financial services provider’s stock worth $2,306,000 after buying an additional 376 shares in the last quarter. 67.47% of the stock is owned by hedge funds and other institutional investors.

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) opened at 62.00 on Wednesday. Eagle Bancorp, Inc. has a one year low of $47.20 and a one year high of $65.00. The firm’s 50-day moving average price is $62.73 and its 200-day moving average price is $60.80. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 20.20 and a beta of 0.70.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.04. The business had revenue of $76.72 million during the quarter, compared to the consensus estimate of $75.41 million. Eagle Bancorp had a net margin of 36.20% and a return on equity of 12.55%. During the same quarter last year, the firm earned $0.71 earnings per share. Analysts anticipate that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current year.

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A number of analysts have commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $64.00 price objective on shares of Eagle Bancorp in a report on Friday, May 19th. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Monday, May 15th. BidaskClub raised Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, FIG Partners raised Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price objective for the company in a report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $67.25.

In related news, EVP Antonio F. Marquez sold 2,200 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $63.04, for a total transaction of $138,688.00. Following the completion of the sale, the executive vice president now owns 20,273 shares of the company’s stock, valued at $1,278,009.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ronald D. Paul sold 706 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $64.12, for a total transaction of $45,268.72. The disclosure for this sale can be found here. Insiders have sold 32,924 shares of company stock valued at $2,074,098 in the last three months. 8.39% of the stock is owned by insiders.

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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