Brinker Capital Inc. Purchases Shares of 4,225 Eagle Bancorp, Inc. (EGBN)

Brinker Capital Inc. acquired a new stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,225 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Eagle Bancorp by 116.0% during the 4th quarter. BlackRock Inc. now owns 4,632,566 shares of the financial services provider’s stock worth $225,653,000 after purchasing an additional 2,487,550 shares during the last quarter. Victory Capital Management Inc. grew its position in Eagle Bancorp by 59.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,985,980 shares of the financial services provider’s stock valued at $96,737,000 after buying an additional 741,131 shares in the last quarter. Bank of New York Mellon Corp grew its position in Eagle Bancorp by 134.1% in the 4th quarter. Bank of New York Mellon Corp now owns 417,637 shares of the financial services provider’s stock valued at $20,343,000 after buying an additional 239,232 shares in the last quarter. Mesirow Financial Investment Management Equity Management bought a new position in Eagle Bancorp in the 4th quarter valued at about $9,937,000. Finally, Epoch Investment Partners Inc. grew its position in Eagle Bancorp by 20.6% in the 3rd quarter. Epoch Investment Partners Inc. now owns 926,640 shares of the financial services provider’s stock valued at $46,888,000 after buying an additional 158,303 shares in the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ EGBN traded down $0.76 on Friday, reaching $54.45. The company’s stock had a trading volume of 282,524 shares, compared to its average volume of 200,252. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. Eagle Bancorp, Inc. has a twelve month low of $45.15 and a twelve month high of $65.42. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.93 and a beta of 0.96.

Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.02). The company had revenue of $81.02 million during the quarter, compared to analysts’ expectations of $82.25 million. Eagle Bancorp had a return on equity of 14.28% and a net margin of 34.72%. Eagle Bancorp’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. As a group, research analysts predict that Eagle Bancorp, Inc. will post 4.7 earnings per share for the current year.

EGBN has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Eagle Bancorp from a “c+” rating to a “b-” rating in a research report on Thursday, January 31st. Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, January 17th. BidaskClub upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Stephens lowered shares of Eagle Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 6th. Finally, ValuEngine upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Eagle Bancorp presently has an average rating of “Hold” and a consensus price target of $65.50.

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About Eagle Bancorp

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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