Gabelli Funds LLC Has $850,000 Position in Eagle Bancorp, Inc. (NASDAQ:EGBN)

Gabelli Funds LLC grew its stake in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 4.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 45,000 shares of the financial services provider’s stock after buying an additional 2,000 shares during the period. Gabelli Funds LLC owned approximately 0.15% of Eagle Bancorp worth $850,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in EGBN. Vanguard Group Inc. raised its position in Eagle Bancorp by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 3,362,689 shares of the financial services provider’s stock worth $101,351,000 after purchasing an additional 126,085 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Eagle Bancorp by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,409,440 shares of the financial services provider’s stock worth $26,637,000 after purchasing an additional 169,621 shares in the last quarter. American Century Companies Inc. raised its position in Eagle Bancorp by 16.5% in the second quarter. American Century Companies Inc. now owns 510,770 shares of the financial services provider’s stock worth $9,654,000 after purchasing an additional 72,415 shares in the last quarter. Epoch Investment Partners Inc. raised its position in Eagle Bancorp by 76.9% in the first quarter. Epoch Investment Partners Inc. now owns 457,881 shares of the financial services provider’s stock worth $10,756,000 after purchasing an additional 199,057 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in Eagle Bancorp by 1.5% in the first quarter. Gamco Investors INC. ET AL now owns 342,171 shares of the financial services provider’s stock worth $8,038,000 after purchasing an additional 5,093 shares in the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Price Performance

Shares of Eagle Bancorp stock opened at $22.10 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $667.20 million, a price-to-earnings ratio of 8.80 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. The firm’s 50-day moving average price is $21.19 and its two-hundred day moving average price is $20.40.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target 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 research report on Sunday, June 9th.

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. 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.