Leland M. Weinstein Sells 3,932 Shares of Eagle Bancorp, Inc. (EGBN) Stock
Eagle Bancorp, Inc. (NASDAQ:EGBN) Director Leland M. Weinstein sold 3,932 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $62.97, for a total transaction of $247,598.04. Following the sale, the director now owns 64,274 shares in the company, valued at $4,047,333.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Eagle Bancorp, Inc. (EGBN) traded down 0.32% during trading on Tuesday, reaching $62.60. The company had a trading volume of 50,560 shares. Eagle Bancorp, Inc. has a 52-week low of $45.07 and a 52-week high of $64.94. The firm has a 50-day moving average price of $59.39 and a 200-day moving average price of $60.14. The company has a market capitalization of $2.14 billion, a P/E ratio of 21.08 and a beta of 0.68.
Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. Eagle Bancorp had a return on equity of 12.15% and a net margin of 31.55%. The company had revenue of $73 million for the quarter, compared to the consensus estimate of $68.19 million. During the same period in the previous year, the business earned $0.68 EPS. Eagle Bancorp’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that Eagle Bancorp, Inc. will post $3.19 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of EGBN. Allianz Asset Management AG increased its stake in shares of Eagle Bancorp by 22.7% in the fourth quarter. Allianz Asset Management AG now owns 356,508 shares of the financial services provider’s stock worth $21,729,000 after buying an additional 65,906 shares during the period. Congress Asset Management Co. MA purchased a new stake in shares of Eagle Bancorp during the fourth quarter worth $551,000. Norges Bank purchased a new stake in shares of Eagle Bancorp during the fourth quarter worth $14,529,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Eagle Bancorp by 26.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 119,802 shares of the financial services provider’s stock worth $7,152,000 after buying an additional 25,267 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of Eagle Bancorp by 2.0% in the fourth quarter. Brown Advisory Inc. now owns 160,249 shares of the financial services provider’s stock worth $9,767,000 after buying an additional 3,133 shares during the period. Institutional investors own 67.02% of the company’s stock.
EGBN has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $64.00 target price on shares of Eagle Bancorp in a research note on Wednesday, April 5th. FIG Partners upgraded shares of Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 target price on the stock in a research note on Monday, May 22nd. Finally, BidaskClub upgraded shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $66.00.
About Eagle Bancorp
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. As of December 31, 2016, the Bank operated 21 banking offices: seven in Montgomery County, Maryland; five located in the District of Columbia, and nine in Northern Virginia.
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