Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Sells $45,268.72 in Stock
Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Ronald D. Paul sold 706 shares of Eagle Bancorp stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $64.12, for a total transaction of $45,268.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) traded down 0.47% during trading on Wednesday, hitting $63.20. 3,378 shares of the company were exchanged. The company’s 50-day moving average price is $62.40 and its 200 day moving average price is $60.52. The stock has a market cap of $2.16 billion, a P/E ratio of 20.59 and a beta of 0.71. Eagle Bancorp, Inc. has a 12 month low of $47.20 and a 12 month high of $65.00.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results 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 firm had revenue of $76.72 million for the quarter, compared to the consensus estimate of $75.41 million. During the same quarter in the previous year, the firm posted $0.71 EPS. On average, equities analysts predict that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current fiscal year.
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EGBN has been the topic of a number of research analyst reports. FIG Partners raised Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 target price on the stock in a research report on Monday, May 22nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 price target on shares of Eagle Bancorp in a research note on Wednesday, April 5th. Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Monday, May 15th. Finally, BidaskClub upgraded shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Eagle Bancorp has an average rating of “Hold” and a consensus price target of $67.25.
A number of hedge funds and other institutional investors have recently made changes to their positions in EGBN. First Trust Advisors LP raised its position in shares of Eagle Bancorp by 31.0% in the first quarter. First Trust Advisors LP now owns 86,718 shares of the financial services provider’s stock valued at $5,177,000 after buying an additional 20,501 shares in the last quarter. Trillium Asset Management LLC raised its position in shares of Eagle Bancorp by 1.9% in the first quarter. Trillium Asset Management LLC now owns 18,137 shares of the financial services provider’s stock valued at $1,083,000 after buying an additional 333 shares in the last quarter. Jennison Associates LLC raised its position in shares of Eagle Bancorp by 58.5% in the first quarter. Jennison Associates LLC now owns 846,125 shares of the financial services provider’s stock valued at $50,514,000 after buying an additional 312,235 shares in the last quarter. Burt Wealth Advisors raised 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 in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Eagle Bancorp by 13.1% in the first quarter. Wells Fargo & Company MN now owns 105,023 shares of the financial services provider’s stock valued at $6,270,000 after buying an additional 12,196 shares in the last quarter. 66.90% of the stock is owned by institutional investors.
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.
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