Texas Permanent School Fund acquired a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) in the fourth quarter, Holdings Channel reports. The firm acquired 20,679 shares of the financial services provider’s stock, valued at approximately $1,007,000.

Several other institutional investors have also bought and sold shares of EGBN. Banc Funds Co. LLC boosted its stake in Eagle Bancorp by 18.4% during the fourth quarter. Banc Funds Co. LLC now owns 186,777 shares of the financial services provider’s stock worth $9,152,000 after buying an additional 29,000 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Eagle Bancorp by 134.1% during the fourth quarter. Bank of New York Mellon Corp now owns 417,637 shares of the financial services provider’s stock worth $20,343,000 after buying an additional 239,232 shares during the last quarter. BlackRock Inc. boosted its stake in Eagle Bancorp by 116.0% during the fourth quarter. BlackRock Inc. now owns 4,632,566 shares of the financial services provider’s stock worth $225,653,000 after buying an additional 2,487,550 shares during the last quarter. Trillium Asset Management LLC boosted its stake in Eagle Bancorp by 2.1% during the fourth quarter. Trillium Asset Management LLC now owns 19,162 shares of the financial services provider’s stock worth $933,000 after buying an additional 400 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Eagle Bancorp by 27.0% during the fourth quarter. New York State Common Retirement Fund now owns 60,144 shares of the financial services provider’s stock worth $2,930,000 after buying an additional 12,794 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

NASDAQ:EGBN opened at $55.42 on Friday. Eagle Bancorp, Inc. has a 52 week low of $45.15 and a 52 week high of $65.42. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, January 16th. The financial services provider reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.03. Eagle Bancorp had a return on equity of 14.58% and a net margin of 36.62%. The company had revenue of $81.70 million for the quarter, compared to the consensus estimate of $82.13 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, research analysts predict that Eagle Bancorp, Inc. will post 4.7 EPS for the current fiscal year.

A number of equities research analysts have commented on the company. ValuEngine downgraded Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, January 17th. Keefe, Bruyette & Woods downgraded Eagle Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 17th. Finally, Zacks Investment Research downgraded Eagle Bancorp from a “buy” rating to a “sell” rating in a research report on Tuesday, January 15th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $66.85.

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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.

Further Reading: Beta

Want to see what other hedge funds are holding EGBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Bancorp, Inc. (NASDAQ:EGBN).

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

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