Eagle Bancorp (NASDAQ: EGBN – received rating) was downgraded by equity analysts StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Eagle Bancorp is down 0.3%

NASDAQ:EGBN opened at $48.53 on Thursday. Eagle Bancorp has a yearly low of $44.85 and a yearly high of $63.84. The company has a 50-day simple moving average of $48.25 and a 200-day simple moving average of $51.78. The company has a market cap of $1.56 billion, a P/E of 9.99 and a beta of 0.94. The company has a debt to equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79.

Eagle Bancorp (NASDAQ: EGBN – received rating) last released its quarterly results on Wednesday, July 20. The financial services firm reported earnings per share of $0.78 for the quarter, falling short of analyst consensus estimates of $1.15 ($0.37). The company had revenue of $88.48 million for the quarter compared to the consensus estimate of $91.00 million. Eagle Bancorp had a net margin of 39.92% and a return on equity of 13.01%. In the same quarter last year, the company reported earnings per share of $1.50. Equity analysts expect Eagle Bancorp to post 4.97 EPS for the current fiscal year.

Institutional Trading by Eagle Bancorp

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Institutional investors have recently changed their positions in the company. ProShare Advisors LLC increased its stake in Eagle Bancorp by 62.2% in the fourth quarter. ProShare Advisors LLC now owns 7,909 shares of the financial services provider, valued at $461,000, after purchasing an additional 3,032 shares last quarter. First Trust Advisors LP increased its holding in Eagle Bancorp by 16.7% during the fourth quarter. First Trust Advisors LP now owns 133,297 shares of the financial services provider, valued at $7,777,000, after purchasing an additional 19,067 shares last quarter. WINTON GROUP Ltd increased its holding in shares of Eagle Bancorp by 136.2% during the fourth quarter. WINTON GROUP Ltd now owns 17,153 shares of the financial services provider, valued at $1,001,000, after purchasing an additional 9,891 shares last quarter. The Teacher Retirement System of Texas increased its stake in Eagle Bancorp by 18.4% in the fourth quarter. Teacher Retirement System of Texas now owns 6,087 shares of the financial services provider, valued at $355,000, after purchasing an additional 946 shares during the period. Finally, Citigroup Inc. increased its holdings of Eagle Bancorp stock by 38.5% during the fourth quarter. Citigroup Inc. now owns 26,506 shares of the financial services provider, valued at $1,547,000, after purchasing an additional 7,369 shares last quarter. Institutional investors and hedge funds own 73.95% of the company’s shares.

Company Profile of Eagle Bancorp

(received rating)

Eagle Bancorp, Inc acts as the banking holding company for EagleBank, which provides commercial and consumer banking services primarily in the United States. The Company also offers a variety of commercial and consumer credit products, including commercial loans for working capital, equipment purchases, real estate credit lines, and government contract financing; asset-based lending and receivables financing; building loans and commercial real estate loans; Financing of business equipment; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans such as auto and personal loans; personal credit cards; and home loans.

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