Thrivent Financial for Lutherans Buys 33,021 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN)

Thrivent Financial for Lutherans grew its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 39.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 115,739 shares of the financial services provider’s stock after acquiring an additional 33,021 shares during the period. Thrivent Financial for Lutherans’ holdings in Eagle Bancorp were worth $2,188,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Texas Permanent School Fund Corp boosted its holdings in shares of Eagle Bancorp by 2.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 26,191 shares of the financial services provider’s stock valued at $615,000 after acquiring an additional 515 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its stake in shares of Eagle Bancorp by 36.1% during the second 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 in the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Eagle Bancorp by 5.1% during the first quarter. Illinois Municipal Retirement Fund now owns 18,028 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 870 shares in the last quarter. XML Financial LLC grew its holdings in shares of Eagle Bancorp by 4.7% during the first quarter. XML Financial LLC now owns 19,986 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 900 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in shares of Eagle Bancorp in the first quarter valued at approximately $26,000. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Eagle Bancorp Price Performance

Shares of EGBN opened at $22.41 on Wednesday. The business has a 50-day moving average of $21.18 and a 200-day moving average of $20.36. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $676.56 million, a price-to-earnings ratio of 8.93 and a beta of 1.09. Eagle Bancorp, Inc. has a 1 year low of $15.99 and a 1 year high of $31.97.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.34. Eagle Bancorp had a negative net margin of 5.28% and a positive return on equity of 5.50%. The firm had revenue of $175.06 million for the quarter, compared to the consensus estimate of $80.90 million. During the same quarter in the previous year, the company earned $0.94 EPS. As a group, equities research analysts anticipate that Eagle Bancorp, Inc. will post 1.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EGBN shares. Keefe, Bruyette & Woods lifted their target price on shares of Eagle Bancorp from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. StockNews.com lowered shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, June 9th.

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. 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.