Thrivent Financial For Lutherans Purchases New Holdings in Eagle Bancorp, Inc. (EGBN)
Thrivent Financial For Lutherans purchased a new position in Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 55,252 shares of the financial services provider’s stock, valued at approximately $3,498,000. Thrivent Financial For Lutherans owned about 0.16% of Eagle Bancorp at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in EGBN. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Eagle Bancorp by 158.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,162 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Eagle Bancorp in the 1st quarter worth approximately $124,000. Ameritas Investment Partners Inc. bought a new stake in shares of Eagle Bancorp in the 1st quarter worth approximately $158,000. Prudential Financial Inc. lifted its holdings in shares of Eagle Bancorp by 0.3% in the 1st quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 10 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Eagle Bancorp by 7.5% in the 2nd quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 283 shares during the last quarter. 68.07% of the stock is currently owned by institutional investors and hedge funds.
In other Eagle Bancorp news, CEO Ronald D. Paul sold 16,665 shares of Eagle Bancorp stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $63.41, for a total transaction of $1,056,727.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Antonio F. Marquez sold 2,200 shares of Eagle Bancorp stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $63.04, for a total value of $138,688.00. Following the sale, the executive vice president now directly owns 20,273 shares in the company, valued at $1,278,009.92. The disclosure for this sale can be found here. Insiders have sold 90,604 shares of company stock worth $5,733,753 over the last ninety days. Company insiders own 8.39% of the company’s stock.
Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) opened at 65.70 on Thursday. The company has a market cap of $2.25 billion, a P/E ratio of 21.40 and a beta of 0.72. Eagle Bancorp, Inc. has a one year low of $47.20 and a one year high of $65.85. The company has a 50 day moving average price of $62.30 and a 200 day moving average price of $60.85.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The company had revenue of $76.72 million for the quarter, compared to the consensus estimate of $75.41 million. Eagle Bancorp had a return on equity of 12.17% and a net margin of 31.79%. During the same period in the previous year, the business earned $0.71 earnings per share. Equities research analysts expect that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current year.
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Several brokerages recently issued reports on EGBN. Zacks Investment Research downgraded Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Monday, September 18th. BidaskClub raised Eagle Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Eagle Bancorp has an average rating of “Hold” and a consensus target price of $67.50.
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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