Toth Financial Advisory Corp Reduces Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Toth Financial Advisory Corp cut its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 14.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 12,847 shares of the financial services provider’s stock after selling 2,164 shares during the quarter. Toth Financial Advisory Corp’s holdings in Eagle Bancorp were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System grew its holdings in shares of Eagle Bancorp by 0.4% during the first quarter. Arizona State Retirement System now owns 48,845 shares of the financial services provider’s stock valued at $2,452,000 after buying an additional 180 shares during the last quarter. Zions Bancorporation N.A. grew its holdings in shares of Eagle Bancorp by 5.5% during the second quarter. Zions Bancorporation N.A. now owns 3,729 shares of the financial services provider’s stock valued at $202,000 after buying an additional 194 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Eagle Bancorp by 1.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 12,439 shares of the financial services provider’s stock valued at $673,000 after buying an additional 200 shares during the last quarter. Mason Street Advisors LLC grew its holdings in shares of Eagle Bancorp by 3.6% during the first quarter. Mason Street Advisors LLC now owns 10,169 shares of the financial services provider’s stock valued at $510,000 after buying an additional 355 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Eagle Bancorp by 1.4% during the first quarter. Comerica Bank now owns 31,231 shares of the financial services provider’s stock valued at $1,665,000 after buying an additional 417 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on EGBN. Boenning Scattergood reissued a “buy” rating and set a $48.00 price objective on shares of Eagle Bancorp in a report on Sunday, July 21st. Sandler O’Neill reissued a “hold” rating on shares of Eagle Bancorp in a report on Thursday, July 18th. Piper Jaffray Companies set a $175.00 price objective on shares of Wayfair and gave the company a “buy” rating in a report on Friday, July 19th. Stephens set a $22.00 price objective on shares of Home Bancshares and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Zacks Investment Research upgraded shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Eagle Bancorp currently has a consensus rating of “Hold” and an average target price of $57.50.

NASDAQ EGBN traded up $0.16 on Friday, reaching $40.46. 5,826 shares of the company’s stock traded hands, compared to its average volume of 459,884. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. The business has a 50 day moving average of $52.16. Eagle Bancorp, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $60.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 1.05.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). The business had revenue of $87.70 million for the quarter, compared to analyst estimates of $82.37 million. Eagle Bancorp had a net margin of 33.71% and a return on equity of 13.77%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 earnings per share. On average, analysts expect that Eagle Bancorp, Inc. will post 4.38 EPS for the current fiscal 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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