Public Sector Pension Investment Board Raises Stake in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Public Sector Pension Investment Board boosted its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 66,421 shares of the financial services provider’s stock after purchasing an additional 4,316 shares during the period. Public Sector Pension Investment Board’s holdings in Eagle Bancorp were worth $1,255,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Eagle Bancorp by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 3,362,689 shares of the financial services provider’s stock worth $101,351,000 after purchasing an additional 126,085 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Eagle Bancorp by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,409,440 shares of the financial services provider’s stock valued at $26,637,000 after acquiring an additional 169,621 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Eagle Bancorp by 16.5% in the second quarter. American Century Companies Inc. now owns 510,770 shares of the financial services provider’s stock valued at $9,654,000 after acquiring an additional 72,415 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Eagle Bancorp by 76.9% in the first quarter. Epoch Investment Partners Inc. now owns 457,881 shares of the financial services provider’s stock valued at $10,756,000 after acquiring an additional 199,057 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Eagle Bancorp by 1.5% in the first quarter. Gamco Investors INC. ET AL now owns 342,171 shares of the financial services provider’s stock valued at $8,038,000 after acquiring an additional 5,093 shares in the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Eagle Bancorp Stock Down 0.8 %

Shares of NASDAQ EGBN opened at $22.41 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.42. Eagle Bancorp, Inc. has a 52 week low of $15.99 and a 52 week high of $31.97. The firm has a 50-day moving average price of $21.18 and a 200 day moving average price of $20.36. The stock has a market capitalization of $676.56 million, a price-to-earnings ratio of 8.93 and a beta of 1.09.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.33 by $0.34. Eagle Bancorp had a negative net margin of 5.28% and a positive return on equity of 5.50%. The firm had revenue of $175.06 million during the quarter, compared to analysts’ expectations of $80.90 million. During the same quarter last year, the business earned $0.94 earnings per share. Equities research analysts anticipate that Eagle Bancorp, Inc. will post 1.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on EGBN shares. Keefe, Bruyette & Woods lifted their target price on shares of Eagle Bancorp from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, July 29th. StockNews.com downgraded shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, June 9th.

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. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.