Stevens Capital Management LP Takes $781,000 Position in Eagle Bancorp, Inc. (EGBN)

Stevens Capital Management LP acquired a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,443 shares of the financial services provider’s stock, valued at approximately $781,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP increased its position in shares of Eagle Bancorp by 180.2% in the third quarter. Quantbot Technologies LP now owns 2,023 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,301 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Eagle Bancorp by 67.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,692 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 1,492 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Eagle Bancorp in the third quarter valued at about $210,000. Trexquant Investment LP purchased a new position in shares of Eagle Bancorp in the third quarter valued at about $345,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Eagle Bancorp by 32.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,758 shares of the financial services provider’s stock valued at $476,000 after acquiring an additional 1,914 shares during the period. Hedge funds and other institutional investors own 68.43% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. TheStreet lowered shares of Eagle Bancorp from a “b-” rating to a “c+” rating in a research note on Thursday, November 15th. ValuEngine raised shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 20th. Boenning Scattergood reaffirmed a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 18th. Finally, Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Eagle Bancorp has a consensus rating of “Buy” and an average price target of $66.85.

Shares of EGBN opened at $52.01 on Friday. The stock has a market cap of $1.83 billion, a PE ratio of 15.53 and a beta of 0.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.04. Eagle Bancorp, Inc. has a 1-year low of $46.49 and a 1-year high of $65.42.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, October 17th. The financial services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $86.93 million for the quarter, compared to analyst estimates of $85.67 million. Eagle Bancorp had a net margin of 31.86% and a return on equity of 14.14%. During the same quarter in the previous year, the firm posted $0.87 EPS. Research analysts expect that Eagle Bancorp, Inc. will post 4.41 EPS for the current year.

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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.

See Also: Compound Annual Growth Rate (CAGR)

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

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