Eagle Bancorp, Inc. (EGBN) Shares Bought by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 57.8% during the fourth quarter, Holdings Channel reports. The fund owned 2,485 shares of the financial services provider’s stock after buying an additional 910 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Eagle Bancorp were worth $151,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Group LTD boosted its position in shares of Eagle Bancorp by 1,006.3% in the third quarter. BlackRock Group LTD now owns 336,479 shares of the financial services provider’s stock worth $16,598,000 after buying an additional 306,065 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Eagle Bancorp by 15.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 940,377 shares of the financial services provider’s stock worth $46,389,000 after buying an additional 122,319 shares in the last quarter. John W. Rosenthal Capital Management Inc. acquired a new position in shares of Eagle Bancorp during the fourth quarter worth about $6,519,000. Axiom International Investors LLC DE boosted its position in shares of Eagle Bancorp by 163.3% in the fourth quarter. Axiom International Investors LLC DE now owns 138,885 shares of the financial services provider’s stock worth $8,465,000 after buying an additional 86,130 shares in the last quarter. Finally, Allianz Asset Management AG boosted its position in shares of Eagle Bancorp by 22.7% in the fourth quarter. Allianz Asset Management AG now owns 356,508 shares of the financial services provider’s stock worth $21,729,000 after buying an additional 65,906 shares in the last quarter. Hedge funds and other institutional investors own 66.21% of the company’s stock.

Institutional Ownership by Quarter for Eagle Bancorp (NASDAQ:EGBN)

Eagle Bancorp, Inc. (NASDAQ:EGBN) opened at 57.85 on Friday. The stock has a 50 day moving average of $61.25 and a 200-day moving average of $56.57. Eagle Bancorp, Inc. has a 52 week low of $44.55 and a 52 week high of $64.94. The firm has a market cap of $1.97 billion, a PE ratio of 20.23 and a beta of 0.71.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, January 18th. The financial services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. Eagle Bancorp had a net margin of 31.21% and a return on equity of 12.39%. The business earned $74 million during the quarter, compared to analysts’ expectations of $67.36 million. During the same period last year, the business earned $0.67 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Analysts expect that Eagle Bancorp, Inc. will post $3.10 earnings per share for the current year.

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EGBN has been the subject of a number of recent research reports. Sandler O’Neill upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Thursday, February 9th. Stephens cut shares of Eagle Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 21st. Finally, Zacks Investment Research cut shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday.

In related news, CFO James H. Langmead sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $63.48, for a total value of $317,400.00. Following the completion of the transaction, the chief financial officer now directly owns 4,935 shares of the company’s stock, valued at $313,273.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James H. Langmead sold 4,900 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $60.14, for a total transaction of $294,686.00. Following the completion of the transaction, the chief financial officer now directly owns 55,470 shares of the company’s stock, valued at $3,335,965.80. The disclosure for this sale can be found here. Insiders sold 14,900 shares of company stock valued at $922,486 over the last three months. 9.99% of the stock is owned by company 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.

5 Day Chart for NASDAQ:EGBN

Want to see what other hedge funds are holding EGBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Bancorp, Inc. (NASDAQ:EGBN).

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