Systematic Financial Management LP Boosts Holdings in Eagle Bancorp, Inc. (EGBN)

Systematic Financial Management LP raised its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,680 shares of the financial services provider’s stock after acquiring an additional 1,850 shares during the quarter. Systematic Financial Management LP owned approximately 0.07% of Eagle Bancorp worth $1,249,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Gamco Investors INC. ET AL bought a new position in Eagle Bancorp in the 3rd quarter worth $3,188,000. Tdam USA Inc. boosted its holdings in Eagle Bancorp by 49.9% in the 3rd quarter. Tdam USA Inc. now owns 44,596 shares of the financial services provider’s stock worth $2,257,000 after buying an additional 14,850 shares during the period. Engineers Gate Manager LP boosted its holdings in Eagle Bancorp by 137.0% in the 3rd quarter. Engineers Gate Manager LP now owns 19,340 shares of the financial services provider’s stock worth $979,000 after buying an additional 11,178 shares during the period. Moody Aldrich Partners LLC boosted its holdings in Eagle Bancorp by 19.1% in the 3rd quarter. Moody Aldrich Partners LLC now owns 109,668 shares of the financial services provider’s stock worth $5,549,000 after buying an additional 17,553 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Eagle Bancorp by 15.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,939 shares of the financial services provider’s stock worth $452,000 after buying an additional 1,181 shares during the period. 68.95% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. Stephens set a $65.00 target price on shares of Eagle Bancorp and gave the stock a “buy” rating in a report on Friday, October 19th. BidaskClub downgraded shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. TheStreet downgraded shares of Eagle Bancorp from a “b-” rating to a “c+” rating in a report on Thursday, November 15th. Gabelli began coverage on shares of Eagle Bancorp in a research report on Monday, August 27th. They set a “buy” rating and a $74.00 target price on the stock. Finally, Zacks Investment Research cut shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.85.

EGBN opened at $52.86 on Thursday. Eagle Bancorp, Inc. has a fifty-two week low of $46.20 and a fifty-two week high of $69.80. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 15.78 and a beta of 0.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.04 and a quick ratio of 1.03.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, October 17th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.02. Eagle Bancorp had a net margin of 31.86% and a return on equity of 14.14%. The business had revenue of $86.93 million for the quarter, compared to analyst estimates of $85.67 million. During the same quarter last year, the business earned $0.87 earnings per share. As a group, equities analysts anticipate that Eagle Bancorp, Inc. will post 4.41 EPS for the current year.

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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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