Bronfman E.L. Rothschild L.P. lowered its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 9.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,469 shares of the financial services provider’s stock after selling 14,685 shares during the period. Eagle Bancorp accounts for about 1.1% of Bronfman E.L. Rothschild L.P.’s holdings, making the stock its 14th largest position. Bronfman E.L. Rothschild L.P. owned 0.43% of Eagle Bancorp worth $9,271,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Eagle Bancorp by 54,771.8% in the first quarter. BlackRock Inc. now owns 1,958,376 shares of the financial services provider’s stock worth $116,916,000 after buying an additional 1,954,807 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Eagle Bancorp by 58.5% in the first quarter. Jennison Associates LLC now owns 846,125 shares of the financial services provider’s stock worth $50,514,000 after buying an additional 312,235 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Eagle Bancorp by 374.6% in the first quarter. Teachers Advisors LLC now owns 270,797 shares of the financial services provider’s stock worth $16,167,000 after buying an additional 213,740 shares during the last quarter. State Street Corp increased its stake in shares of Eagle Bancorp by 14.8% in the first quarter. State Street Corp now owns 761,167 shares of the financial services provider’s stock worth $45,443,000 after buying an additional 98,136 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Eagle Bancorp by 4.1% in the first quarter. Vanguard Group Inc. now owns 2,394,795 shares of the financial services provider’s stock worth $142,970,000 after buying an additional 95,371 shares during the last quarter. 68.17% of the stock is owned by hedge funds and other institutional investors.

Shares of Eagle Bancorp, Inc. (EGBN) traded up 0.57% during trading on Thursday, reaching $62.15. The company had a trading volume of 5,458 shares. Eagle Bancorp, Inc. has a 52 week low of $47.20 and a 52 week high of $65.00. The firm has a 50-day moving average of $62.37 and a 200 day moving average of $60.86. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 20.24 and a beta of 0.70.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The firm had revenue of $76.72 million during the quarter, compared to analysts’ expectations of $75.41 million. Eagle Bancorp had a return on equity of 12.17% and a net margin of 31.79%. During the same quarter last year, the firm earned $0.71 earnings per share. On average, equities research analysts forecast that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current year.

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A number of analysts recently issued reports on EGBN shares. 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 research report on Monday, May 22nd. 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 research report on Monday, May 15th. BidaskClub raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $64.00 price objective on shares of Eagle Bancorp in a research report on Friday, May 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Eagle Bancorp currently has an average rating of “Hold” and a consensus target price of $66.75.

In related news, EVP Janice L. Williams sold 10,000 shares of Eagle Bancorp stock in a transaction on Friday, July 21st. The stock was sold at an average price of $63.17, for a total transaction of $631,700.00. Following the completion of the sale, the executive vice president now owns 73,490 shares of the company’s stock, valued at $4,642,363.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ronald D. Paul sold 1,209 shares of Eagle Bancorp stock in a transaction on Friday, August 25th. The shares were sold at an average price of $62.33, for a total value of $75,356.97. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,133 shares of company stock valued at $2,149,455. Insiders own 8.39% of the company’s stock.

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.

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

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