Wasatch Advisors Inc. lifted its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 3.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,067,736 shares of the financial services provider’s stock after buying an additional 91,755 shares during the quarter. Eagle Bancorp comprises 1.8% of Wasatch Advisors Inc.’s portfolio, making the stock its 13th biggest holding. Wasatch Advisors Inc. owned about 0.09% of Eagle Bancorp worth $155,227,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Zeke Capital Advisors LLC bought a new position in shares of Eagle Bancorp in the second quarter valued at about $200,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Eagle Bancorp in the second quarter valued at about $202,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Eagle Bancorp by 15.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 8,939 shares of the financial services provider’s stock valued at $452,000 after buying an additional 1,181 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Eagle Bancorp by 199.3% in the second quarter. SG Americas Securities LLC now owns 8,038 shares of the financial services provider’s stock valued at $493,000 after buying an additional 5,352 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of Eagle Bancorp in the second quarter valued at about $500,000. 69.52% of the stock is owned by institutional investors and hedge funds.

EGBN has been the subject of a number of research analyst reports. Boenning Scattergood reaffirmed a “buy” rating on shares of Eagle Bancorp in a report on Thursday, July 19th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $65.00 price objective on shares of Eagle Bancorp in a report on Friday, July 20th. BidaskClub cut Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Stephens reissued a “buy” rating and set a $68.00 price objective on shares of Eagle Bancorp in a report on Friday, July 20th. Finally, ValuEngine cut Eagle Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $66.85.

NASDAQ:EGBN traded down $0.41 on Tuesday, hitting $48.68. 202,572 shares of the stock were exchanged, compared to its average volume of 190,677. The stock has a market capitalization of $1.68 billion, a P/E ratio of 14.53 and a beta of 0.67. Eagle Bancorp, Inc. has a 52 week low of $46.20 and a 52 week high of $69.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.21.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.02. The firm had revenue of $86.93 million during the quarter, compared to analysts’ expectations of $85.67 million. Eagle Bancorp had a return on equity of 14.41% and a net margin of 31.86%. During the same period in the previous year, the business posted $0.87 EPS. As a group, equities analysts predict that Eagle Bancorp, Inc. will post 4.4 EPS for the current year.

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Eagle Bancorp 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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