BB&T Corp held its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,998 shares of the financial services provider’s stock at the end of the second quarter. BB&T Corp’s holdings in Eagle Bancorp were worth $380,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Eagle Bancorp by 54,771.8% in the first quarter. BlackRock Inc. now owns 1,958,376 shares of the financial services provider’s stock valued at $116,916,000 after buying an additional 1,954,807 shares during the period. Jennison Associates LLC boosted its stake in shares of Eagle Bancorp by 58.5% in the first quarter. Jennison Associates LLC now owns 846,125 shares of the financial services provider’s stock valued at $50,514,000 after buying an additional 312,235 shares during the period. Norges Bank bought a new stake in shares of Eagle Bancorp during the fourth quarter valued at about $14,529,000. Teachers Advisors LLC boosted its stake in shares of Eagle Bancorp by 374.6% in the first quarter. Teachers Advisors LLC now owns 270,797 shares of the financial services provider’s stock valued at $16,167,000 after buying an additional 213,740 shares during the period. Finally, State Street Corp boosted its stake in shares of Eagle Bancorp by 14.8% in the first quarter. State Street Corp now owns 761,167 shares of the financial services provider’s stock valued at $45,443,000 after buying an additional 98,136 shares during the period. Hedge funds and other institutional investors own 67.47% of the company’s stock.
Eagle Bancorp, Inc. (EGBN) traded down 0.49% during trading on Friday, hitting $60.75. The company’s stock had a trading volume of 95,231 shares. The firm has a market cap of $2.08 billion, a PE ratio of 19.79 and a beta of 0.70. The company has a 50-day moving average of $62.61 and a 200 day moving average of $60.81. Eagle Bancorp, Inc. has a one year low of $47.20 and a one year high of $65.00.
Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.04. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.17%. The business had revenue of $76.72 million during the quarter, compared to the consensus estimate of $75.41 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. On average, equities analysts forecast that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current year.
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A number of research firms have recently weighed in on EGBN. Zacks Investment Research cut Eagle Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $64.00 price target on shares of Eagle Bancorp in a research report on Friday, May 19th. BidaskClub raised Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, FIG Partners raised Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price target for the company in a research report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Eagle Bancorp currently has a consensus rating of “Hold” and an average target price of $67.25.
In related news, Director Leland M. Weinstein sold 8,295 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $62.22, for a total transaction of $516,114.90. Following the completion of the transaction, the director now directly owns 72,469 shares of the company’s stock, valued at $4,509,021.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ronald D. Paul sold 706 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $64.12, for a total transaction of $45,268.72. The disclosure for this sale can be found here. Insiders have sold 32,924 shares of company stock valued at $2,074,098 in the last quarter. Insiders own 8.39% of the company’s stock.
About Eagle Bancorp
Eagle Bancorp, Inc is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.
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