Eagle Bancorp, Inc. (EGBN) Shares Bought by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. boosted its stake in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 1,066.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,625 shares of the financial services provider’s stock after buying an additional 2,400 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Eagle Bancorp were worth $129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EGBN. Creative Planning boosted its position in Eagle Bancorp by 0.8% in the third quarter. Creative Planning now owns 12,565 shares of the financial services provider’s stock worth $620,000 after buying an additional 100 shares in the last quarter. Rothschild Asset Management Inc. boosted its position in shares of Eagle Bancorp by 2.5% in the third quarter. Rothschild Asset Management Inc. now owns 5,635 shares of the financial services provider’s stock worth $278,000 after buying an additional 137 shares during the period. Alps Advisors Inc. boosted its position in shares of Eagle Bancorp by 3.5% in the third quarter. Alps Advisors Inc. now owns 8,447 shares of the financial services provider’s stock worth $417,000 after buying an additional 283 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Eagle Bancorp by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 75,184 shares of the financial services provider’s stock worth $3,709,000 after buying an additional 364 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Eagle Bancorp by 0.8% in the third quarter. Teachers Advisors LLC now owns 51,320 shares of the financial services provider’s stock worth $2,532,000 after buying an additional 399 shares during the period. 65.90% of the stock is currently owned by hedge funds and other institutional investors.

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

Eagle Bancorp, Inc. (NASDAQ:EGBN) traded up 0.24% during mid-day trading on Friday, hitting $61.85. 58,748 shares of the stock were exchanged. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 21.63 and a beta of 0.71. Eagle Bancorp, Inc. has a 52 week low of $43.95 and a 52 week high of $64.94. The company’s 50-day moving average price is $60.54 and its 200 day moving average price is $54.46.

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 analysts’ consensus estimates of $0.71 by $0.04. Eagle Bancorp had a net margin of 31.21% and a return on equity of 12.39%. The company had revenue of $74 million for the quarter, compared to analysts’ expectations of $67.36 million. During the same quarter in the previous year, the company earned $0.67 EPS. Eagle Bancorp’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts expect that Eagle Bancorp, Inc. will post $3.10 EPS for the current year.

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A number of brokerages have recently issued reports on EGBN. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Monday, October 24th. Stephens cut Eagle Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 21st. Finally, Sandler O’Neill raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Thursday.

In other Eagle Bancorp news, CFO James H. Langmead sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $62.08, for a total value of $310,400.00. Following the sale, the chief financial officer now owns 49,670 shares in the company, valued at approximately $3,083,513.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Norman Robert Pozez sold 30,000 shares of the business’s stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $60.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the director now owns 8,482 shares in the company, valued at approximately $508,920. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,900 shares of company stock worth $2,702,586. 9.99% of the stock is owned by corporate 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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