Marshall Wace LLP Purchases Shares of 17,613 Eagle Bancorp, Inc. (NASDAQ:EGBN)

Marshall Wace LLP purchased a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,613 shares of the financial services provider’s stock, valued at approximately $884,000. Marshall Wace LLP owned about 0.05% of Eagle Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the company. Zions Bancorporation N.A. acquired a new stake in shares of Eagle Bancorp in the 1st quarter valued at $177,000. Piedmont Investment Advisors Inc. lifted its stake in shares of Eagle Bancorp by 6.0% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 7,974 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 449 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Eagle Bancorp by 3.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 42,857 shares of the financial services provider’s stock valued at $2,150,000 after purchasing an additional 1,400 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in shares of Eagle Bancorp by 0.8% in the 1st quarter. Wasatch Advisors Inc. now owns 3,226,233 shares of the financial services provider’s stock valued at $161,957,000 after purchasing an additional 26,118 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Eagle Bancorp by 4.8% in the 1st quarter. New York State Common Retirement Fund now owns 63,056 shares of the financial services provider’s stock valued at $3,165,000 after purchasing an additional 2,912 shares during the last quarter. 76.01% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Stephens set a $22.00 price objective on shares of Home Bancshares and gave the company a “buy” rating in a research note on Monday, April 22nd. FIG Partners reaffirmed an “outperform” rating on shares of Eagle Bancorp in a research note on Wednesday, April 3rd. Piper Jaffray Companies lowered shares of Post from an “overweight” rating to a “neutral” rating in a research note on Friday. Finally, Boenning Scattergood reaffirmed an “outperform” rating and issued a $47.75 price objective on shares of WSFS Financial in a research note on Thursday, June 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $60.33.

EGBN traded up $0.48 during trading on Friday, hitting $39.63. The stock had a trading volume of 1,361,188 shares, compared to its average volume of 360,577. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 1.08 and a beta of 0.92. Eagle Bancorp, Inc. has a 12 month low of $38.67 and a 12 month high of $60.77. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $53.79.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.05). The firm had revenue of $87.70 million during the quarter, compared to the consensus estimate of $82.37 million. Eagle Bancorp had a return on equity of 13.77% and a net margin of 33.71%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 EPS. As a group, research analysts forecast that Eagle Bancorp, Inc. will post 4.6 EPS for the current year.

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

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