Hennion & Walsh Asset Management Inc. Sells 4,513 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Hennion & Walsh Asset Management Inc. cut its position in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 32.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,565 shares of the financial services provider’s stock after selling 4,513 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Eagle Bancorp were worth $249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EGBN. Geode Capital Management LLC boosted its position in Eagle Bancorp by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 719,688 shares of the financial services provider’s stock worth $16,254,000 after acquiring an additional 25,578 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Eagle Bancorp by 5.0% in the third quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 1,340 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Eagle Bancorp by 4.3% during the third quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 450 shares during the last quarter. BNP Paribas Financial Markets grew its position in Eagle Bancorp by 41.6% in the third quarter. BNP Paribas Financial Markets now owns 55,627 shares of the financial services provider’s stock valued at $1,256,000 after purchasing an additional 16,338 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in Eagle Bancorp by 63.9% in the 3rd quarter. Jane Street Group LLC now owns 71,703 shares of the financial services provider’s stock valued at $1,619,000 after buying an additional 27,942 shares during the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EGBN. Piper Sandler began coverage on shares of Eagle Bancorp in a research note on Monday, October 21st. They set a “neutral” rating and a $27.00 price objective for the company. StockNews.com upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods boosted their price target on Eagle Bancorp from $25.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Eagle Bancorp Stock Performance

Shares of EGBN stock opened at $25.10 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86. The company has a fifty day moving average price of $27.28 and a two-hundred day moving average price of $24.19. The stock has a market cap of $758.02 million, a P/E ratio of -17.93 and a beta of 1.10. Eagle Bancorp, Inc. has a one year low of $15.99 and a one year high of $30.94.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.27. The business had revenue of $180.76 million during the quarter, compared to analysts’ expectations of $80.31 million. Eagle Bancorp had a positive return on equity of 5.04% and a negative net margin of 5.97%. During the same quarter last year, the company posted $0.91 earnings per share. As a group, equities analysts predict that Eagle Bancorp, Inc. will post 1.87 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. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.