Nuveen Asset Management LLC Sells 5,372 Shares of Eagle Bancorp, Inc. (EGBN)

Nuveen Asset Management LLC lessened its holdings in shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,574 shares of the financial services provider’s stock after selling 5,372 shares during the quarter. Nuveen Asset Management LLC’s holdings in Eagle Bancorp were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EGBN. LS Investment Advisors LLC purchased a new position in shares of Eagle Bancorp during the 4th quarter worth $45,000. First Manhattan Co. purchased a new position in shares of Eagle Bancorp during the 4th quarter worth $53,000. Flinton Capital Management LLC purchased a new position in shares of Eagle Bancorp during the 4th quarter worth $80,000. Neuburgh Advisers LLC purchased a new position in shares of Eagle Bancorp during the 4th quarter worth $98,000. Finally, Quantbot Technologies LP raised its holdings in shares of Eagle Bancorp by 180.2% during the 3rd quarter. Quantbot Technologies LP now owns 2,023 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,301 shares during the period. 79.83% of the stock is currently owned by institutional investors.

Shares of EGBN opened at $51.62 on Tuesday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.86 and a beta of 0.96. Eagle Bancorp, Inc. has a 12-month low of $45.15 and a 12-month high of $65.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.04.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.03. The firm had revenue of $81.70 million for the quarter, compared to analyst estimates of $82.13 million. Eagle Bancorp had a net margin of 36.62% and a return on equity of 14.58%. Eagle Bancorp’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. Analysts expect that Eagle Bancorp, Inc. will post 4.7 earnings per share for the current year.

Several research firms have recently commented on EGBN. Zacks Investment Research lowered Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. TheStreet upgraded Eagle Bancorp from a “c+” rating to a “b-” rating in a report on Thursday, January 31st. ValuEngine upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. BidaskClub upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Finally, Stephens lowered shares of Eagle Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $65.50.

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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. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.

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

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