MetLife Investment Advisors LLC increased its position in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 53.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,996 shares of the financial services provider’s stock after acquiring an additional 7,986 shares during the quarter. MetLife Investment Advisors LLC owned about 0.07% of Eagle Bancorp worth $1,164,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in EGBN. Quantbot Technologies LP lifted its position in Eagle Bancorp by 180.2% during the third quarter. Quantbot Technologies LP now owns 2,023 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,301 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Eagle Bancorp by 67.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 3,692 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 1,492 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Eagle Bancorp during the third quarter valued at approximately $210,000. Paloma Partners Management Co bought a new stake in Eagle Bancorp during the third quarter valued at approximately $333,000. Finally, Trexquant Investment LP bought a new stake in Eagle Bancorp during the third quarter valued at approximately $345,000. Institutional investors own 68.43% of the company’s stock.
EGBN has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 18th. Stephens set a $65.00 target price on shares of Eagle Bancorp and gave the company a “buy” rating in a research report on Friday, October 19th. BidaskClub upgraded shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 15th. Finally, TheStreet lowered shares of Eagle Bancorp from a “b-” rating to a “c+” rating in a research report on Thursday, November 15th. One analyst has rated the stock with a sell rating, one has assigned 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.
Shares of EGBN opened at $50.49 on Wednesday. The company has a market capitalization of $1.71 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.85 and a beta of 0.81. 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, Inc. has a fifty-two week low of $45.15 and a fifty-two week high of $65.42.
Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.02. The firm had revenue of $86.93 million during 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 period in the previous year, the business posted $0.87 EPS. Equities research analysts expect that Eagle Bancorp, Inc. will post 4.41 earnings per share for the current year.
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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.
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