Eagle Bancorp, Inc. (NASDAQ:EGBN) EVP Sells $138,688.00 in Stock
Eagle Bancorp, Inc. (NASDAQ:EGBN) EVP Antonio F. Marquez sold 2,200 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $63.04, for a total value of $138,688.00. Following the transaction, the executive vice president now owns 20,273 shares of the company’s stock, valued at approximately $1,278,009.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Eagle Bancorp, Inc. (EGBN) traded down 0.16% on Monday, reaching $63.10. The company had a trading volume of 77,792 shares. Eagle Bancorp, Inc. has a 1-year low of $47.20 and a 1-year high of $65.00. The company’s 50-day moving average price is $62.13 and its 200 day moving average price is $60.47. The firm has a market capitalization of $2.16 billion, a P/E ratio of 20.55 and a beta of 0.71.
Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.04. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.39%. The company had revenue of $76.72 million for the quarter, compared to the consensus estimate of $75.41 million. During the same period last year, the firm posted $0.71 EPS. On average, equities analysts forecast that Eagle Bancorp, Inc. will post $3.26 EPS for the current year.
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Several research firms recently commented on EGBN. BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods reiterated 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 upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Monday, May 15th. Finally, FIG Partners upgraded Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price target for the company in a research report on Monday, May 22nd. One research 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. Eagle Bancorp presently has a consensus rating of “Hold” and a consensus price target of $66.75.
Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Eagle Bancorp during the first quarter valued at about $124,000. Ameritas Investment Partners Inc. acquired a new position in shares of Eagle Bancorp during the first quarter valued at about $158,000. Burt Wealth Advisors increased its position in shares of Eagle Bancorp by 4.8% in the first quarter. Burt Wealth Advisors now owns 3,235 shares of the financial services provider’s stock valued at $193,000 after buying an additional 148 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Eagle Bancorp by 0.3% in the first quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock valued at $203,000 after buying an additional 10 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Eagle Bancorp during the first quarter valued at $301,000. 66.90% of the stock is currently owned by institutional investors.
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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