Glassman Wealth Services Lowers stake in Eagle Bancorp (EGBN)

Eagle Bancorp (EGBN) : Glassman Wealth Services reduced its stake in Eagle Bancorp by 8.02% during the most recent quarter end. The investment management company now holds a total of 25,494 shares of Eagle Bancorp which is valued at $1.3 Million after selling 2,222 shares in Eagle Bancorp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Eagle Bancorp makes up approximately 1.13% of Glassman Wealth Services’s portfolio.

Other Hedge Funds, Including , Elizabeth Park Capital Advisors Ltd. boosted its stake in EGBN in the latest quarter, The investment management firm added 27,288 additional shares and now holds a total of 257,637 shares of Eagle Bancorp which is valued at $12.7 Million. Eagle Bancorp makes up approx 4.94% of Elizabeth Park Capital Advisors Ltd.’s portfolio.Walthausen reduced its stake in EGBN by selling 52,472 shares or 13.68% in the most recent quarter. The Hedge Fund company now holds 330,967 shares of EGBN which is valued at $16.3 Million. Eagle Bancorp makes up approx 1.70% of Walthausen’s portfolio. Sg Americas Securities added EGBN to its portfolio by purchasing 2,667 company shares during the most recent quarter which is valued at $131,483. Alps Advisors Inc added EGBN to its portfolio by purchasing 8,764 company shares during the most recent quarter which is valued at $432,065.Jacobson Schmitt Advisors boosted its stake in EGBN in the latest quarter, The investment management firm added 338 additional shares and now holds a total of 93,757 shares of Eagle Bancorp which is valued at $4.7 Million. Eagle Bancorp makes up approx 4.13% of Jacobson Schmitt Advisors’s portfolio.

Eagle Bancorp closed down -0.35 points or -0.68% at $51.04 with 1,08,040 shares getting traded on Wednesday. Post opening the session at $51.47, the shares hit an intraday low of $50.86 and an intraday high of $52.25 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Eagle Bancorp reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.64. The company had revenue of $68.90 million for the quarter, compared to analysts expectations of $63.08 million. The company’s revenue was up 10.2% compared to the same quarter last year. 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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