Jacobson Schmitt Advisors Lowers stake in Eagle Bancorp (EGBN)

Eagle Bancorp (EGBN) : Jacobson Schmitt Advisors reduced its stake in Eagle Bancorp by 0.69% during the most recent quarter end. The investment management company now holds a total of 93,113 shares of Eagle Bancorp which is valued at $4,739,452 after selling 644 shares in Eagle Bancorp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Eagle Bancorp makes up approximately 3.90% of Jacobson Schmitt Advisors’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in EGBN by selling 3,436 shares or 3.08% in the most recent quarter. The Hedge Fund company now holds 108,036 shares of EGBN which is valued at $5,499,032. Eagle Bancorp makes up approx 0.01% of Parametric Portfolio Associates’s portfolio.Trillium Asset Management reduced its stake in EGBN by selling 499 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 18,998 shares of EGBN which is valued at $979,347. Eagle Bancorp makes up approx 0.06% of Trillium Asset Management’s portfolio.1st Global Advisors reduced its stake in EGBN by selling 691 shares or 3.6% in the most recent quarter. The Hedge Fund company now holds 18,502 shares of EGBN which is valued at $930,651. Eagle Bancorp makes up approx 0.12% of 1st Global Advisors’s portfolio.

Eagle Bancorp closed down -0.04 points or -0.08% at $51.26 with 67,567 shares getting traded on Monday. Post opening the session at $51.19, the shares hit an intraday low of $51.15 and an intraday high of $51.99 and the price fluctuated in this range throughout the day.Shares ended Monday 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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