Oppenheimer Asset Management Inc. grew its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 15.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,939 shares of the financial services provider’s stock after buying an additional 1,181 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Eagle Bancorp were worth $452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EGBN. JPMorgan Chase & Co. lifted its position in shares of Eagle Bancorp by 128.4% during the 1st quarter. JPMorgan Chase & Co. now owns 20,531 shares of the financial services provider’s stock valued at $1,229,000 after buying an additional 11,541 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Eagle Bancorp by 14.2% during the 1st quarter. Principal Financial Group Inc. now owns 19,871 shares of the financial services provider’s stock valued at $1,190,000 after buying an additional 2,466 shares during the last quarter. UBS Group AG lifted its position in shares of Eagle Bancorp by 23.0% during the 1st quarter. UBS Group AG now owns 11,075 shares of the financial services provider’s stock valued at $662,000 after buying an additional 2,070 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of Eagle Bancorp during the 1st quarter valued at $344,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Eagle Bancorp during the 2nd quarter valued at $202,000. 69.59% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:EGBN opened at $49.59 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 1.04. Eagle Bancorp, Inc. has a 52-week low of $46.20 and a 52-week high of $69.80. The firm has a market cap of $1.70 billion, a P/E ratio of 11.97 and a beta of 0.67.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Eagle Bancorp had a return on equity of 14.41% and a net margin of 31.86%. The company had revenue of $86.93 million for the quarter, compared to analyst estimates of $85.67 million. During the same period in the previous year, the company posted $0.87 EPS. Research analysts forecast that Eagle Bancorp, Inc. will post 4.4 earnings per share for the current year.

A number of research analysts have recently commented on the company. BidaskClub cut Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, July 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $65.00 price target on shares of Eagle Bancorp in a research report on Friday, July 20th. Boenning Scattergood reaffirmed a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 18th. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Monday, October 22nd. Finally, Gabelli assumed coverage on Eagle Bancorp in a research report on Monday, August 27th. They set a “buy” rating and a $74.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the stock. Eagle Bancorp presently has a consensus rating of “Hold” and an average target price of $66.85.

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About Eagle Bancorp

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: Understanding each part of a balance sheet

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

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