State Board of Administration of Florida Retirement System maintained its stake in Eagle Bancorp Inc. (NASDAQ:EGBN) during the second quarter, Holdings Channel reports. The fund owned 11,671 shares of the financial services provider’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System’s holdings in Eagle Bancorp were worth $561,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Eagle Bancorp by 101.1% in the first quarter. BlackRock Inc. now owns 2,214 shares of the financial services provider’s stock valued at $106,000 after buying an additional 1,113 shares during the period. Profit Investment Management LLC acquired a new stake in shares of Eagle Bancorp during the second quarter valued at about $201,000. Bayesian Capital Management LP acquired a new stake in shares of Eagle Bancorp during the first quarter valued at about $206,000. Rothschild Asset Management Inc. purchased a new position in shares of Eagle Bancorp during the second quarter valued at about $265,000. Finally, M&T Bank Corp increased its position in shares of Eagle Bancorp by 3.2% in the second quarter. M&T Bank Corp now owns 7,216 shares of the financial services provider’s stock valued at $347,000 after buying an additional 225 shares during the last quarter. 67.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Eagle Bancorp Inc. (NASDAQ:EGBN) traded up 2.1885% during trading on Wednesday, reaching $49.6023. 27,307 shares of the company traded hands. The firm has a 50-day moving average price of $50.26 and a 200-day moving average price of $49.56. Eagle Bancorp Inc. has a 12 month low of $43.75 and a 12 month high of $55.56. The firm has a market capitalization of $1.67 billion, a PE ratio of 18.5846 and a beta of 0.82.
Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Eagle Bancorp had a net margin of 30.91% and a return on equity of 12.15%. During the same period in the previous year, the company posted $0.61 EPS. Equities research analysts anticipate that Eagle Bancorp Inc. will post $2.79 EPS for the current year.
Separately, Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, September 20th.
In other news, Director Leslie M. Alperstein sold 5,000 shares of Eagle Bancorp stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $49.24, for a total value of $246,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dudley C. Dworken sold 1,167 shares of Eagle Bancorp stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $50.31, for a total transaction of $58,711.77. The disclosure for this sale can be found here. 9.99% of the stock is currently owned by insiders.
About Eagle Bancorp
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, which operates over 20 banking offices in Montgomery County, Maryland; District of Columbia, and Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area.