Eagle Bancorp, Inc. (NASDAQ:EGBN) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04, Briefing.com reports. Eagle Bancorp had a net margin of 31.55% and a return on equity of 12.15%. During the same period in the previous year, the business posted $0.71 EPS.

Shares of Eagle Bancorp (NASDAQ:EGBN) opened at 61.95 on Thursday. Eagle Bancorp has a 1-year low of $47.20 and a 1-year high of $65.00. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 20.86 and a beta of 0.71. The firm has a 50-day moving average of $61.94 and a 200 day moving average of $60.44.

Several brokerages recently weighed in on EGBN. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $64.00 price target on shares of Eagle Bancorp in a research report on Friday, May 19th. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Monday, May 15th. BidaskClub raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, FIG Partners raised shares of Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price target on the stock in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $66.75.

In other Eagle Bancorp news, Director Leland M. Weinstein sold 3,932 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $62.97, for a total transaction of $247,598.04. Following the completion of the sale, the director now directly owns 64,274 shares of the company’s stock, valued at $4,047,333.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leland M. Weinstein sold 8,295 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $62.22, for a total transaction of $516,114.90. Following the sale, the director now directly owns 72,469 shares of the company’s stock, valued at $4,509,021.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,018 shares of company stock worth $1,258,441. Insiders own 8.39% of the company’s stock.

Several hedge funds have recently made changes to their positions in EGBN. Aperio Group LLC boosted its stake in shares of Eagle Bancorp by 65.7% in the second quarter. Aperio Group LLC now owns 8,339 shares of the financial services provider’s stock worth $528,000 after buying an additional 3,305 shares during the period. Fisher Asset Management LLC raised its position in shares of Eagle Bancorp by 19.0% in the second quarter. Fisher Asset Management LLC now owns 73,927 shares of the financial services provider’s stock worth $4,680,000 after buying an additional 11,829 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Eagle Bancorp during the first quarter worth $1,037,000. UBS Oconnor LLC bought a new position in shares of Eagle Bancorp during the first quarter worth $896,000. Finally, Colony Group LLC raised its position in shares of Eagle Bancorp by 4.0% in the first quarter. Colony Group LLC now owns 36,679 shares of the financial services provider’s stock worth $2,190,000 after buying an additional 1,410 shares in the last quarter. 66.87% of the stock is owned by hedge funds and other institutional investors.

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Eagle Bancorp Company Profile

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.

Earnings History for Eagle Bancorp (NASDAQ:EGBN)

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