Eagle Bancorp (EGBN) : Glassman Wealth Services scooped up 2,200 additional shares in Eagle Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 27,694 shares of Eagle Bancorp which is valued at $1,506,554.Eagle Bancorp makes up approximately 1.27% of Glassman Wealth Services’s portfolio.
Other Hedge Funds, Including , Price T Rowe Associates Inc Md added EGBN to its portfolio by purchasing 19,440 company shares during the most recent quarter which is valued at $1,057,536.Jennison Associates reduced its stake in EGBN by selling 56,342 shares or 10.79% in the most recent quarter. The Hedge Fund company now holds 465,903 shares of EGBN which is valued at $22,293,459. Eagle Bancorp makes up approx 0.03% of Jennison Associates’s portfolio.First Trust Advisors Lp reduced its stake in EGBN by selling 7,862 shares or 14.38% in the most recent quarter. The Hedge Fund company now holds 46,803 shares of EGBN which is valued at $2,239,524. Eagle Bancorp makes up approx 0.01% of First Trust Advisors Lp’s portfolio.
Eagle Bancorp opened for trading at $54.5 and hit $55.6 on the upside on Monday, eventually ending the session at $55.4, with a gain of 2.12% or 1.15 points. The heightened volatility saw the trading volume jump to 86,000 shares. Company has a market cap of $1,863 M.
On the company’s financial health, Eagle Bancorp reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.69. The company had revenue of $71.10 million for the quarter, compared to analysts expectations of $65.52 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 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.