Eagle Bancorp, Inc. (NASDAQ:EGBN) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN - Free Report) by 3.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 719,688 shares of the financial services provider's stock after buying an additional 25,578 shares during the period. Geode Capital Management LLC owned 2.38% of Eagle Bancorp worth $16,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in Eagle Bancorp by 5.0% in the third quarter. Empowered Funds LLC now owns 28,300 shares of the financial services provider's stock valued at $639,000 after buying an additional 1,340 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Eagle Bancorp by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 10,977 shares of the financial services provider's stock worth $247,000 after buying an additional 450 shares during the last quarter. BNP Paribas Financial Markets increased its stake 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 during the last quarter. Jane Street Group LLC raised its stake in Eagle Bancorp by 63.9% during the 3rd quarter. Jane Street Group LLC now owns 71,703 shares of the financial services provider's stock worth $1,619,000 after acquiring an additional 27,942 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Eagle Bancorp by 39.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 115,739 shares of the financial services provider's stock valued at $2,188,000 after purchasing an additional 33,021 shares during the last quarter. Hedge funds and other institutional investors own 78.03% of the company's stock.

Eagle Bancorp Stock Down 0.5 %

NASDAQ:EGBN traded down $0.12 during mid-day trading on Monday, reaching $25.90. The stock had a trading volume of 178,321 shares, compared to its average volume of 310,679. The stock's 50 day simple moving average is $27.86 and its two-hundred day simple moving average is $23.32. Eagle Bancorp, Inc. has a 1-year low of $15.99 and a 1-year high of $30.94. The company has a market capitalization of $782.23 million, a price-to-earnings ratio of -18.50 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.86.

Eagle Bancorp (NASDAQ:EGBN - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.27. The business had revenue of $180.76 million for the quarter, compared to analyst estimates 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 period in the prior year, the company posted $0.91 EPS. Equities analysts anticipate that Eagle Bancorp, Inc. will post 1.68 EPS for the current year.

Analysts Set New Price Targets

EGBN has been the subject of several recent analyst reports. Piper Sandler assumed coverage on shares of Eagle Bancorp in a research note on Monday, October 21st. They issued a "neutral" rating and a $27.00 price objective for the company. Keefe, Bruyette & Woods lifted their price objective 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. Finally, StockNews.com upgraded Eagle Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, October 24th.

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.