Public Sector Pension Investment Board Has $3.66 Million Stock Holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Public Sector Pension Investment Board lessened its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 14.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,260 shares of the financial services provider’s stock after selling 12,400 shares during the quarter. Public Sector Pension Investment Board owned 0.22% of Eagle Bancorp worth $3,660,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in Eagle Bancorp by 4.0% during the 4th quarter. State Street Corp now owns 1,173,973 shares of the financial services provider’s stock valued at $57,090,000 after purchasing an additional 44,738 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Eagle Bancorp by 678.8% during the third quarter. Millennium Management LLC now owns 356,438 shares of the financial services provider’s stock valued at $15,904,000 after buying an additional 310,670 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Eagle Bancorp by 106.4% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 147,520 shares of the financial services provider’s stock valued at $7,174,000 after buying an additional 76,030 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Eagle Bancorp by 233.0% during the fourth quarter. Russell Investments Group Ltd. now owns 135,777 shares of the financial services provider’s stock valued at $6,601,000 after buying an additional 95,002 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Eagle Bancorp by 4.9% during the fourth quarter. Rhumbline Advisers now owns 114,843 shares of the financial services provider’s stock valued at $5,585,000 after buying an additional 5,361 shares during the last quarter. 72.92% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on EGBN shares. ValuEngine downgraded shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. BidaskClub upgraded shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, Stephens began coverage on shares of Eagle Bancorp in a report on Monday, January 6th. They issued an “equal weight” rating and a $50.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $50.75.

EGBN stock traded up $1.64 during mid-day trading on Thursday, hitting $31.66. 251,332 shares of the company were exchanged, compared to its average volume of 334,495. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $934.41 million, a P/E ratio of 7.56, a PEG ratio of 1.21 and a beta of 0.97. The business has a fifty day simple moving average of $37.56 and a 200-day simple moving average of $43.43. Eagle Bancorp, Inc. has a 12-month low of $23.08 and a 12-month high of $57.38.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). The firm had revenue of $87.44 million during the quarter, compared to analysts’ expectations of $85.61 million. Eagle Bancorp had a return on equity of 12.60% and a net margin of 31.39%. Research analysts predict that Eagle Bancorp, Inc. will post 4.28 EPS for the current year.

Eagle Bancorp Company 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.

Read More: Preferred Stock

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

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