Eagle Bancorp, Inc. (EGBN) Shares Sold by Credit Suisse AG

Credit Suisse AG lowered its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 13.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,378 shares of the financial services provider’s stock after selling 7,986 shares during the period. Credit Suisse AG owned approximately 0.15% of Eagle Bancorp worth $3,127,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in Eagle Bancorp during the first quarter valued at approximately $124,000. Ameritas Investment Partners Inc. acquired a new position in Eagle Bancorp during the first quarter valued at about $158,000. Burt Wealth Advisors boosted its position in Eagle Bancorp by 4.8% in the first quarter. Burt Wealth Advisors now owns 3,235 shares of the financial services provider’s stock valued at $193,000 after buying an additional 148 shares during the last quarter. Prudential Financial Inc. boosted its position in Eagle Bancorp by 0.3% in the first quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock valued at $203,000 after buying an additional 10 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in Eagle Bancorp during the first quarter valued at about $301,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

Shares of Eagle Bancorp, Inc. (EGBN) opened at 60.75 on Friday. The company’s 50 day moving average price is $62.61 and its 200-day moving average price is $60.81. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 19.79 and a beta of 0.70. Eagle Bancorp, Inc. has a 1-year low of $47.20 and a 1-year high of $65.00.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. Eagle Bancorp had a return on equity of 12.17% and a net margin of 31.79%. The firm had revenue of $76.72 million for the quarter, compared to the consensus estimate of $75.41 million. During the same quarter last year, the business posted $0.71 EPS. Equities analysts expect that Eagle Bancorp, Inc. will post $3.27 EPS for the current fiscal year.

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Several research analysts have issued reports on the company. 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 restated a “hold” rating and issued a $64.00 price target on shares of Eagle Bancorp in a research report on Friday, May 19th. BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, FIG Partners upgraded 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 assigned a buy rating to the company. Eagle Bancorp has a consensus rating of “Hold” and an average price target of $67.25.

In other news, EVP Antonio F. Marquez sold 2,200 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $63.04, for a total value of $138,688.00. Following the completion of the transaction, the executive vice president now owns 20,273 shares in the company, valued at approximately $1,278,009.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ronald D. Paul sold 7,791 shares of the firm’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $63.50, for a total value of $494,728.50. The disclosure for this sale can be found here. Insiders sold a total of 32,924 shares of company stock worth $2,074,098 in the last three months. Company insiders own 8.39% of the company’s stock.

Eagle Bancorp Company Profile

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.

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

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