Profit Investment Management buys $573,486 stake in Eagle Bancorp (EGBN)

Eagle Bancorp (EGBN) : Profit Investment Management scooped up 7,674 additional shares in Eagle Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 11,844 shares of Eagle Bancorp which is valued at $573,486.Eagle Bancorp makes up approximately 0.58% of Profit Investment Management’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in EGBN in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 12,565 shares of Eagle Bancorp which is valued at $624,857.Fisher Asset Management reduced its stake in EGBN by selling 17,318 shares or 25.55% in the most recent quarter. The Hedge Fund company now holds 50,469 shares of EGBN which is valued at $2,522,441.Cutler Group Lp reduced its stake in EGBN by selling 13 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 896 shares of EGBN which is valued at $44,782.

Eagle Bancorp closed down -0.25 points or -0.50% at $49.73 with 63,954 shares getting traded on Tuesday. Post opening the session at $50.07, the shares hit an intraday low of $49.13 and an intraday high of $50.19 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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