Forest Hill Capital Lowers stake in Eagle Bancorp (EGBN)

Eagle Bancorp (EGBN) : Forest Hill Capital reduced its stake in Eagle Bancorp by 12.29% during the most recent quarter end. The investment management company now holds a total of 656,428 shares of Eagle Bancorp which is valued at $33,412,185 after selling 92,000 shares in Eagle Bancorp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Eagle Bancorp makes up approximately 3.61% of Forest Hill Capital’s portfolio.

Other Hedge Funds, Including , Driehaus Capital Management reduced its stake in EGBN by selling 8,103 shares or 25.41% in the most recent quarter. The Hedge Fund company now holds 23,784 shares of EGBN which is valued at $1,210,606. Eagle Bancorp makes up approx 0.04% of Driehaus Capital Management’s portfolio.Teachers Advisors Inc boosted its stake in EGBN in the latest quarter, The investment management firm added 3,147 additional shares and now holds a total of 50,921 shares of Eagle Bancorp which is valued at $2,591,879. Systematic Financial Management Lp sold out all of its stake in EGBN during the most recent quarter. The investment firm sold 33,310 shares of EGBN which is valued $1,740,781. Suffolk Capital Management sold out all of its stake in EGBN during the most recent quarter. The investment firm sold 19,292 shares of EGBN which is valued $990,451.

Eagle Bancorp closed down -0.33 points or -0.64% at $51.43 with 63,276 shares getting traded on Thursday. Post opening the session at $51.76, the shares hit an intraday low of $50.81 and an intraday high of $51.95 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Eagle Bancorp reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.68.Analysts expectations of $ 64.03.During the same quarter in the previous year, the company posted $0.61 EPS.

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. The Bank operates twenty two banking offices: seven in Montgomery County Maryland; five located in the District of Columbia and ten in 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. The Bank also provides commercial banking services to sole proprietorships small medium and large-sized businesses partnerships corporations non-profit organizations and associations and investors. The Bank offers a range of retail banking services to accommodate the individual needs of both corporate customers as well as the community the Bank serves. The Bank also offers online banking mobile banking and a remote deposit service.

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