Ronald D. Paul Sells 5,000 Shares of Eagle Bancorp, Inc. (EGBN) Stock
Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Ronald D. Paul sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $66.47, for a total transaction of $332,350.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.05. Eagle Bancorp had a net margin of 32.40% and a return on equity of 12.59%. The firm had revenue of $71.94 million during the quarter, compared to the consensus estimate of $72.66 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis.
WARNING: “Ronald D. Paul Sells 5,000 Shares of Eagle Bancorp, Inc. (EGBN) Stock” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/11/02/ronald-d-paul-sells-5000-shares-of-eagle-bancorp-inc-egbn-stock.html.
EGBN has been the subject of a number of research reports. Zacks Investment Research cut shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. BidaskClub cut shares of Eagle Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods restated a “neutral” rating on shares of Eagle Bancorp in a report on Friday, October 20th. Finally, Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.50.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Eagle Bancorp by 5.4% in the second quarter. Vanguard Group Inc. now owns 2,523,941 shares of the financial services provider’s stock valued at $159,766,000 after purchasing an additional 129,146 shares in the last quarter. Wasatch Advisors Inc. boosted its holdings in shares of Eagle Bancorp by 19.4% in the second quarter. Wasatch Advisors Inc. now owns 2,153,740 shares of the financial services provider’s stock valued at $136,332,000 after buying an additional 350,204 shares during the period. BlackRock Inc. boosted its holdings in shares of Eagle Bancorp by 5.3% in the second quarter. BlackRock Inc. now owns 2,061,719 shares of the financial services provider’s stock valued at $130,506,000 after buying an additional 103,343 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Eagle Bancorp by 5.0% in the third quarter. Victory Capital Management Inc. now owns 1,386,541 shares of the financial services provider’s stock valued at $92,968,000 after buying an additional 66,279 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Eagle Bancorp by 23.5% in the second quarter. Jennison Associates LLC now owns 1,044,733 shares of the financial services provider’s stock valued at $66,132,000 after buying an additional 198,608 shares during the period. 68.14% of the stock is owned by hedge funds and other 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.
Receive News & Ratings for Eagle Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.