Elizabeth Park Capital Advisors Ltd. Lowers stake in Eagle Bancorp (EGBN)

Eagle Bancorp (EGBN) : Elizabeth Park Capital Advisors Ltd. reduced its stake in Eagle Bancorp by 7.76% during the most recent quarter end. The investment management company now holds a total of 237,637 shares of Eagle Bancorp which is valued at $12,095,723 after selling 20,000 shares in Eagle Bancorp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Eagle Bancorp makes up approximately 4.82% of Elizabeth Park Capital Advisors Ltd.’s portfolio.

Other Hedge Funds, Including , Forest Hill Capital reduced its stake in EGBN by selling 92,000 shares or 12.29% in the most recent quarter. The Hedge Fund company now holds 656,428 shares of EGBN which is valued at $33,412,185. Eagle Bancorp makes up approx 3.61% of Forest Hill Capital’s portfolio.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.Brown Advisory Inc reduced its stake in EGBN by selling 2,601 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 158,575 shares of EGBN which is valued at $8,287,130. Eagle Bancorp makes up approx 0.03% of Brown Advisory Inc’s portfolio. Sg Americas Securities sold out all of its stake in EGBN during the most recent quarter. The investment firm sold 2,667 shares of EGBN which is valued $135,964.

Eagle Bancorp closed down -0.33 points or -0.64% at $51.43 with 63,276 shares getting traded on Thursday. Post opening the session at $51.76, the shares hit an intraday low of $50.81 and an intraday high of $51.95 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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