Marshall Wace North America L.P. Acquires Shares of 3,760 Eagle Bancorp, Inc. (NASDAQ:EGBN)

Marshall Wace North America L.P. bought a new position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,760 shares of the financial services provider’s stock, valued at approximately $189,000.

A number of other large investors have also bought and sold shares of EGBN. Flinton Capital Management LLC acquired a new stake in Eagle Bancorp during the 4th quarter worth approximately $80,000. Neuburgh Advisers LLC acquired a new stake in Eagle Bancorp during the 4th quarter worth approximately $98,000. Pearl River Capital LLC acquired a new stake in Eagle Bancorp during the 1st quarter worth approximately $104,000. Zions Bancorporation N.A. acquired a new stake in Eagle Bancorp during the 1st quarter worth approximately $177,000. Finally, CIBC Asset Management Inc acquired a new stake in Eagle Bancorp during the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 76.01% of the company’s stock.

EGBN has been the topic of several recent research reports. Boenning Scattergood reiterated an “outperform” rating and set a $47.75 target price on shares of WSFS Financial in a research report on Thursday, June 20th. Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. ValuEngine downgraded shares of United Rentals from a “sell” rating to a “strong sell” rating in a research report on Thursday. FIG Partners restated an “outperform” rating on shares of Eagle Bancorp in a research report on Wednesday, April 3rd. Finally, BidaskClub downgraded shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $60.33.

Shares of NASDAQ:EGBN traded up $0.48 during mid-day trading on Friday, hitting $39.63. The company had a trading volume of 1,361,188 shares, compared to its average volume of 360,577. The company has a fifty day moving average of $53.79. The firm has a market capitalization of $1.35 billion, a P/E ratio of 8.97, a PEG ratio of 1.08 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.04. Eagle Bancorp, Inc. has a one year low of $38.67 and a one year high of $60.77.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.05). The company had revenue of $87.70 million during the quarter, compared to the consensus estimate of $82.37 million. Eagle Bancorp had a net margin of 33.71% and a return on equity of 13.77%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. On average, equities research analysts predict that Eagle Bancorp, Inc. will post 4.6 earnings per share 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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