Russell Investments Group Ltd. decreased its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 14.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,011 shares of the financial services provider’s stock after selling 8,399 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of Eagle Bancorp worth $3,004,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in 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 in the last quarter. Mackay Shields LLC boosted its position in Eagle Bancorp by 66.5% in the second quarter. Mackay Shields LLC now owns 67,100 shares of the financial services provider’s stock valued at $4,114,000 after buying an additional 26,800 shares in the last quarter. Rhumbline Advisers boosted its position in Eagle Bancorp by 4.0% in the second quarter. Rhumbline Advisers now owns 31,873 shares of the financial services provider’s stock valued at $1,954,000 after buying an additional 1,215 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Eagle Bancorp in the second quarter valued at approximately $500,000. Finally, Sei Investments Co. boosted its position in Eagle Bancorp by 17.0% in the second quarter. Sei Investments Co. now owns 16,567 shares of the financial services provider’s stock valued at $1,016,000 after buying an additional 2,405 shares in the last quarter. 69.47% of the stock is currently owned by hedge funds and other institutional investors.

EGBN has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. ValuEngine lowered shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. Stephens restated a “buy” rating and issued a $68.00 target price on shares of Eagle Bancorp in a report on Friday, July 20th. Gabelli initiated coverage on shares of Eagle Bancorp in a report on Monday, August 27th. They issued a “buy” rating and a $74.00 target price on the stock. Finally, BidaskClub lowered shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. Three equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $69.85.

Shares of NASDAQ:EGBN traded down $1.09 during midday trading on Friday, hitting $48.32. 257,493 shares of the company’s stock were exchanged, compared to its average volume of 136,730. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $1.74 billion, a PE ratio of 14.42 and a beta of 0.61. Eagle Bancorp, Inc. has a 12 month low of $46.20 and a 12 month high of $69.80.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, July 18th. The financial services provider reported $1.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.08. The firm had revenue of $83.80 million for the quarter, compared to analysts’ expectations of $77.84 million. Eagle Bancorp had a net margin of 31.06% and a return on equity of 13.67%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 earnings per share. On average, equities research analysts expect that Eagle Bancorp, Inc. will post 4.35 earnings per share for the current fiscal year.

Eagle Bancorp Company 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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