Epoch Investment Partners Inc. grew its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 20.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 926,640 shares of the financial services provider’s stock after buying an additional 158,303 shares during the period. Epoch Investment Partners Inc.’s holdings in Eagle Bancorp were worth $46,888,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC increased its position in Eagle Bancorp by 334.6% in the third quarter. Renaissance Technologies LLC now owns 58,580 shares of the financial services provider’s stock worth $2,964,000 after buying an additional 45,100 shares during the last quarter. Citadel Advisors LLC increased its position in Eagle Bancorp by 370.7% in the third quarter. Citadel Advisors LLC now owns 100,624 shares of the financial services provider’s stock worth $5,092,000 after buying an additional 79,245 shares during the last quarter. Stevens Capital Management LP purchased a new stake in Eagle Bancorp in the third quarter worth $781,000. Dimensional Fund Advisors LP increased its position in Eagle Bancorp by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,078,496 shares of the financial services provider’s stock worth $54,572,000 after buying an additional 37,853 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in Eagle Bancorp by 180.2% in the third quarter. Quantbot Technologies LP now owns 2,023 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,301 shares during the last quarter. 68.43% of the stock is owned by institutional investors.

Shares of NASDAQ EGBN opened at $53.24 on Friday. The firm has a market capitalization of $1.84 billion, a PE ratio of 15.89 and a beta of 0.61. Eagle Bancorp, Inc. has a fifty-two week low of $46.49 and a fifty-two week high of $65.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.04 and a quick ratio of 1.03.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.02. Eagle Bancorp had a return on equity of 14.14% and a net margin of 31.86%. The company had revenue of $86.93 million during the quarter, compared to analysts’ expectations of $85.67 million. During the same period in the previous year, the business earned $0.87 earnings per share. As a group, equities research analysts predict that Eagle Bancorp, Inc. will post 4.41 earnings per share for the current year.

EGBN has been the subject of several recent research reports. Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 18th. BidaskClub upgraded Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 15th. ValuEngine upgraded Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 20th. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Monday, October 22nd. Finally, Gabelli initiated coverage on Eagle Bancorp in a research report on Monday, August 27th. They issued a “buy” rating and a $74.00 price target for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target 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.

See Also: Debt-To-Equity Ratio

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

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