The cluster signals active-manager conviction in EGBN's value, but the 45-day 13F lag means positions may already be unwound. Monitor next 10-Q for earnings and loan-loss trends to validate the thesis.
Executive Summary
Four institutional investors accumulated $3.4M in EGBN during Q2 2026, led by Nuveen ($1.9M add) and Massachusetts Financial Services ($1.0M add, more than doubling its position). The buying was partially offset by a small trim from Hightower Advisors. The cluster is dominated by active asset managers, suggesting a shared thesis around the bank's value or regional banking recovery, but the lack of insider buying (Form 4 confluence score 26/100) weakens conviction.
Key Financial Metrics
Institutional Positions
Net institutional flow: $3.4M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| New York State Common Retirement Fund | ADD | +42.1% | $345.0K | $132.0K |
| Massachusetts Financial Services | DOUBLED | +231% | $1.4M | $1.0M |
| Russell Investments Group | DOUBLED | +403.2% | $411.0K | $339.0K |
| Nuveen | ADD | +89.4% | $3.5M | $1.9M |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Hightower Advisors | TRIM | -26% | $351.0K | -$54.5K |
Key Facts
- 4 institutional buyers vs 1 seller in Q2 2026
- Nuveen added $1.9M (+89.4% shares), now holds $3.5M
- Massachusetts Financial Services doubled position, adding $1.0M
- Hightower Advisors trimmed $54.5K (-26.0% shares)
- No insider open-market buying in the window (Form 4 confluence score 26/100)
Financial Impact
4 institutions accumulated $3.4M in new positions while 1 reduced holdings by $54.5K, for net institutional buying of approximately $3.3M
Risk Factors
- 13F data is 45+ days stale; positions may have been reversed
- No insider buying to corroborate the institutional thesis
- Regional bank sector still faces deposit cost and credit quality headwinds
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-EGBN-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $32.97 $33.68 | ▲ +2.15% | ▲ +2.68% | — |
Oct 21, 2026 5d ago | Press Release | $32.97 $33.68 | ▲ +2.15% | ▲ +2.68% | — |
Aug 11, 2026 10w ago | Institutional Cluster | $28.76 $28.78 | ▲ +0.07% | ▼ −0.63% | — |
Jul 22, 2026 13w ago | Press Release | $27.60 $28.44 | ▼ −3.04% | ▼ −2.94% | — |
Jul 8, 2026 15w ago | Press Release | $26.19 $26.83 | ▲ +2.44% | ▲ +1.60% | — |
Jul 6, 2026 16w ago | 8-K | $27.20 $26.72 | ▼ −1.76% | ▼ −1.29% | — |
Jun 30, 2026 16w ago | 8-K | $28.57 $27.59 | ▼ −3.43% | ▼ −3.30% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $28.26 $28.54 | ▲ +0.99% | ▲ +0.45% | — |
May 12, 2026 23w ago | 8-K | $25.40 $24.97 | ▼ −1.69% | ▼ −2.27% | — |
Apr 22, 2026 26w ago | 8-K | $26.14 $26.30 | ▲ +0.61% | ▼ −0.17% | — |
US Market Status
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