Eagle Bancorp, Inc. (EGBN) Holdings Trimmed by TIAA CREF Investment Management LLC


TIAA CREF Investment Management LLC lessened its holdings in Eagle Bancorp, Inc. (NASDAQ:EGBN) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,132 shares of the financial services provider’s stock after selling 15,437 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Eagle Bancorp were worth $7,535,000 at the end of the most recent reporting period.


Other hedge funds and other institutional investors have also modified their holdings of the company. California Public Employees Retirement System boosted its holdings in Eagle Bancorp by 6.7% in the third quarter. California Public Employees Retirement System now owns 41,068 shares of the financial services provider’s stock worth $2,754,000 after acquiring an additional 2,578 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Eagle Bancorp by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 242,848 shares of the financial services provider’s stock worth $16,284,000 after acquiring an additional 10,603 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Eagle Bancorp by 129.3% in the fourth quarter. Citadel Advisors LLC now owns 43,718 shares of the financial services provider’s stock worth $2,531,000 after acquiring an additional 24,656 shares in the last quarter. American Century Companies Inc. acquired a new stake in Eagle Bancorp in the fourth quarter worth about $406,000. Finally, Wells Fargo & Company MN boosted its holdings in Eagle Bancorp by 11.4% in the third quarter. Wells Fargo & Company MN now owns 106,239 shares of the financial services provider’s stock worth $7,124,000 after acquiring an additional 10,899 shares in the last quarter. 69.87% of the stock is owned by institutional investors and hedge funds.


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Eagle Bancorp stock opened at $60.50 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05. Eagle Bancorp, Inc. has a 52 week low of $46.20 and a 52 week high of $69.80. The stock has a market cap of $2,032.73, a P/E ratio of 17.79 and a beta of 0.88.


Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. Eagle Bancorp had a return on equity of 12.49% and a net margin of 28.32%. The firm had revenue of $84.86 million during the quarter, compared to the consensus estimate of $80.80 million. equities analysts anticipate that Eagle Bancorp, Inc. will post 4.35 EPS for the current fiscal year.


EGBN has been the subject of several recent analyst reports. BidaskClub raised Eagle Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Tuesday, March 20th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $66.00 price target on shares of Eagle Bancorp in a report on Friday, December 22nd. Boenning Scattergood reissued a “buy” rating and issued a $72.25 price target on shares of Eagle Bancorp in a report on Wednesday, March 28th. Finally, Stephens raised Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price target for the company in a report on Friday, January 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $68.85.


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About Eagle Bancorp

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:<b><a href=EGBN)' title='Institutional Ownership by Quarter for Eagle Bancorp (NASDAQ:EGBN)' />

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