Jacobson Schmitt Advisors buys $4,685,037 stake in Eagle Bancorp (EGBN)

Eagle Bancorp (EGBN) : Jacobson Schmitt Advisors scooped up 338 additional shares in Eagle Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 93,757 shares of Eagle Bancorp which is valued at $4,685,037.Eagle Bancorp makes up approximately 4.13% of Jacobson Schmitt Advisors’s portfolio.

Other Hedge Funds, Including , Jennison Associates boosted its stake in EGBN in the latest quarter, The investment management firm added 31,759 additional shares and now holds a total of 529,196 shares of Eagle Bancorp which is valued at $26,443,924. Eagle Bancorp makes up approx 0.03% of Jennison Associates’s portfolio.Emerald Mutual Fund Advisers Trust reduced its stake in EGBN by selling 5,885 shares or 3.39% in the most recent quarter. The Hedge Fund company now holds 167,748 shares of EGBN which is valued at $8,504,824. Eagle Bancorp makes up approx 0.48% of Emerald Mutual Fund Advisers Trust’s portfolio. Sheaff Brock Investment Advisors added EGBN to its portfolio by purchasing 8,598 company shares during the most recent quarter which is valued at $435,919. Eagle Bancorp makes up approx 0.05% of Sheaff Brock Investment Advisors’s portfolio. Bnp Paribas Arbitrage Sa sold out all of its stake in EGBN during the most recent quarter. The investment firm sold 3,579 shares of EGBN which is valued $180,059.

Eagle Bancorp opened for trading at $50.24 and hit $51.2 on the upside on Tuesday, eventually ending the session at $51.03, with a gain of 1.69% or 0.85 points. The heightened volatility saw the trading volume jump to 95,765 shares. Company has a market cap of $1,712 M.

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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