Oberweis Asset Management Inc buys $6,106,880 stake in Eagle Bancorp (EGBN)

Eagle Bancorp (EGBN) : Oberweis Asset Management Inc scooped up 5,000 additional shares in Eagle Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 119,978 shares of Eagle Bancorp which is valued at $6,106,880.Eagle Bancorp makes up approximately 1.71% of Oberweis Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management reduced its stake in EGBN by selling 824 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 29,699 shares of EGBN which is valued at $1,511,679.Baird Financial Group reduced its stake in EGBN by selling 3,036 shares or 35.65% in the most recent quarter. The Hedge Fund company now holds 5,479 shares of EGBN which is valued at $278,881.Blackrock Investment Management boosted its stake in EGBN in the latest quarter, The investment management firm added 11,036 additional shares and now holds a total of 116,785 shares of Eagle Bancorp which is valued at $5,944,357. Eagle Bancorp makes up approx 0.01% of Blackrock Investment Management’s portfolio.Blackrock Group Ltd boosted its stake in EGBN in the latest quarter, The investment management firm added 3,691 additional shares and now holds a total of 30,414 shares of Eagle Bancorp which is valued at $1,548,073.Navellier Associates Inc reduced its stake in EGBN by selling 304 shares or 4.88% in the most recent quarter. The Hedge Fund company now holds 5,929 shares of EGBN which is valued at $302,260. Eagle Bancorp makes up approx 0.04% of Navellier Associates Inc’s portfolio.

Eagle Bancorp opened for trading at $51.2 and hit $51.68 on the upside on Wednesday, eventually ending the session at $51.55, with a gain of 1.38% or 0.7 points. The heightened volatility saw the trading volume jump to 85,610 shares. Company has a market cap of $1,732 M.

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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