Eagle Bancorp, Inc. (EGBN) CEO Sells $1,048,509.60 in Stock
Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Ronald D. Paul sold 16,486 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $63.60, for a total transaction of $1,048,509.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Eagle Bancorp, Inc. (NASDAQ:EGBN) traded down 0.23% during trading on Thursday, reaching $63.75. 4,089 shares of the company were exchanged. The firm’s 50 day moving average price is $62.12 and its 200-day moving average price is $60.83. Eagle Bancorp, Inc. has a one year low of $47.20 and a one year high of $65.00. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 20.77 and a beta of 0.72.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. The business had revenue of $76.72 million for the quarter, compared to the consensus estimate of $75.41 million. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.17%. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, equities research analysts predict that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current year.
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A number of research firms recently commented on EGBN. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Friday, September 8th. BidaskClub lowered shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $64.00 price target on shares of Eagle Bancorp in a research report on Friday, May 19th. 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 stock presently has a consensus rating of “Hold” and an average target price of $66.50.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. lifted its holdings in Eagle Bancorp by 0.3% during the first quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 10 shares during the last quarter. Alps Advisors Inc. lifted its holdings in Eagle Bancorp by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,889 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 21 shares during the last quarter. First National Bank of Hutchinson lifted its holdings in Eagle Bancorp by 0.3% during the second quarter. First National Bank of Hutchinson now owns 10,224 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 32 shares during the last quarter. Trillium Asset Management LLC lifted its holdings in Eagle Bancorp by 0.3% during the second quarter. Trillium Asset Management LLC now owns 18,185 shares of the financial services provider’s stock valued at $1,151,000 after purchasing an additional 48 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Eagle Bancorp by 1.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,751 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 100 shares during the last quarter. 68.17% of the stock is currently owned by institutional investors and hedge funds.
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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