Intech Investment Management LLC Makes New $305,000 Investment in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Intech Investment Management LLC purchased a new stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,116 shares of the financial services provider’s stock, valued at approximately $305,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Riverview Trust Co bought a new position in Eagle Bancorp during the 1st quarter valued at approximately $26,000. Carmichael Hill & Associates Inc. grew its position in Eagle Bancorp by 36.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 2,721 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 721 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Eagle Bancorp during the 2nd quarter valued at about $89,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Eagle Bancorp by 122.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,917 shares of the financial services provider’s stock worth $131,000 after buying an additional 3,804 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Eagle Bancorp by 78.8% in the second quarter. CWM LLC now owns 9,876 shares of the financial services provider’s stock worth $187,000 after buying an additional 4,351 shares in the last quarter. 78.03% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Bancorp Stock Down 1.0 %

Shares of EGBN stock opened at $21.89 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.02 and a quick ratio of 1.02. Eagle Bancorp, Inc. has a one year low of $15.99 and a one year high of $31.97. The company’s fifty day moving average price is $21.19 and its 200-day moving average price is $20.39. The company has a market capitalization of $660.86 million, a price-to-earnings ratio of 8.72 and a beta of 1.09.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.34. Eagle Bancorp had a positive return on equity of 5.50% and a negative net margin of 5.28%. The company had revenue of $175.06 million for the quarter, compared to the consensus estimate of $80.90 million. During the same quarter last year, the company earned $0.94 EPS. Sell-side analysts expect that Eagle Bancorp, Inc. will post 1.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EGBN shares. Keefe, Bruyette & Woods boosted their price objective on shares of Eagle Bancorp from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, July 29th. StockNews.com cut Eagle Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, June 9th.

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.