Eagle Bancorp, Inc. (EGBN) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 49.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,574 shares of the financial services provider’s stock after selling 5,372 shares during the quarter. Nuveen Asset Management LLC’s holdings in Eagle Bancorp were worth $272,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Eagle Bancorp by 14.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,489 shares of the financial services provider’s stock valued at $121,000 after buying an additional 321 shares in the last quarter. Trillium Asset Management LLC boosted its holdings in Eagle Bancorp by 2.1% in the fourth quarter. Trillium Asset Management LLC now owns 19,162 shares of the financial services provider’s stock valued at $933,000 after acquiring an additional 400 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Eagle Bancorp by 7.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,611 shares of the financial services provider’s stock valued at $614,000 after acquiring an additional 826 shares during the last quarter. LS Investment Advisors LLC bought a new position in Eagle Bancorp in the fourth quarter valued at about $45,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Eagle Bancorp by 11.2% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 9,941 shares of the financial services provider’s stock valued at $484,000 after acquiring an additional 1,002 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Several research firms recently issued reports on EGBN. ValuEngine cut Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. BidaskClub upgraded Eagle Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 9th. Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a report on Thursday, January 17th. Keefe, Bruyette & Woods cut Eagle Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, January 17th. Finally, Zacks Investment Research cut Eagle Bancorp from a “buy” rating to a “sell” rating in a report on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Eagle Bancorp currently has an average rating of “Hold” and a consensus price target of $63.00.

Shares of NASDAQ:EGBN traded up $0.10 during trading on Wednesday, hitting $54.32. 158,892 shares of the company’s stock traded hands, compared to its average volume of 231,424. Eagle Bancorp, Inc. has a 52 week low of $45.15 and a 52 week high of $65.42. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.04 and a quick ratio of 1.03. The stock has a market capitalization of $1.87 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.93 and a beta of 0.96.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.02). Eagle Bancorp had a net margin of 34.72% and a return on equity of 14.28%. The business had revenue of $81.02 million for the quarter, compared to the consensus estimate of $82.25 million. During the same quarter last year, the firm earned $1.04 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts expect that Eagle Bancorp, Inc. will post 4.7 earnings per share for the current year.

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Eagle Bancorp Company Profile

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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