Eagle Bancorp Inc Stock in Q4 2017 Driven by Institutional Investors

April 16, 2018 - By Ellis Scott

Eagle Bancorp, Inc. (NASDAQ:EGBN) Logo

Sentiment for Eagle Bancorp Inc (NASDAQ:EGBN)

Eagle Bancorp Inc (NASDAQ:EGBN) institutional sentiment decreased to 1.26 in Q4 2017. Its down -0.09, from 1.35 in 2017Q3. The ratio is negative, as 92 hedge funds opened new and increased equity positions, while 73 sold and trimmed holdings in Eagle Bancorp Inc. The hedge funds in our partner’s database reported: 23.09 million shares, up from 22.91 million shares in 2017Q3. Also, the number of hedge funds holding Eagle Bancorp Inc in their top 10 equity positions decreased from 5 to 1 for a decrease of 4. Sold All: 19 Reduced: 54 Increased: 53 New Position: 39.

Eagle Bancorp, Inc. operates as the bank holding firm for EagleBank that provides commercial and consumer banking services primarily in the United States. The company has market cap of $2.03 billion. 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. It has a 20.29 P/E ratio. The firm 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; residential mortgage loans; and real estate secured loans.

The stock decreased 1.25% or $0.75 during the last trading session, reaching $59.25. About 77,484 shares traded. Eagle Bancorp, Inc. (NASDAQ:EGBN) has risen 4.67% since April 16, 2017 and is uptrending. It has underperformed by 6.88% the S&P500.

Analysts await Eagle Bancorp, Inc. (NASDAQ:EGBN) to report earnings on April, 17. They expect $1.06 EPS, up 37.66 % or $0.29 from last year’s $0.77 per share. EGBN’s profit will be $36.37 million for 13.97 P/E if the $1.06 EPS becomes a reality. After $0.88 actual EPS reported by Eagle Bancorp, Inc. for the previous quarter, Wall Street now forecasts 20.45 % EPS growth.

Elizabeth Park Capital Advisors Ltd. holds 3.19% of its portfolio in Eagle Bancorp, Inc. for 170,911 shares. Wasatch Advisors Inc owns 2.63 million shares or 2.02% of their US portfolio. Moreover, Mitchell Capital Management Co has 1.71% invested in the company for 83,723 shares. The Illinois-based Oberweis Asset Management Inc has invested 1.66% in the stock. Profit Investment Management Llc, a Maryland-based fund reported 35,987 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $1.01 million activity.

Eagle Bancorp, Inc. (NASDAQ:EGBN) Ratings Coverage

Ratings analysis reveals 100% of Eagle Bancorp’s analysts are positive. Out of 3 Wall Street analysts rating Eagle Bancorp, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $63.0 while the high is $70.0. The stock’s average target of $69 is 16.46% above today’s ($59.25) share price. EGBN was included in 7 notes of analysts from October 19, 2017. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, October 19. The rating was upgraded by Stephens to “Buy” on Friday, January 19. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. The firm earned “Buy” rating on Monday, December 4 by Keefe Bruyette & Woods. On Thursday, January 18 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm has “Buy” rating by Sandler O’Neill given on Friday, January 19.

Eagle Bancorp, Inc. (NASDAQ:EGBN) Institutional Positions Chart

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