Eagle Bancorp (NASDAQ:EGBN) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02, Bloomberg Earnings reports. The business had revenue of $84.86 million during the quarter, compared to analyst estimates of $80.80 million. Eagle Bancorp had a net margin of 32.40% and a return on equity of 12.37%.

Shares of Eagle Bancorp (EGBN) traded down $0.75 on Friday, reaching $61.10. 245,200 shares of the company traded hands, compared to its average volume of 169,958. The company has a market capitalization of $2,090.00, a price-to-earnings ratio of 20.92 and a beta of 0.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05. Eagle Bancorp has a 52-week low of $46.20 and a 52-week high of $69.80.

In other news, CEO Ronald D. Paul sold 15,000 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $67.46, for a total value of $1,011,900.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ronald D. Paul sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $66.47, for a total transaction of $332,350.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,959 shares of company stock worth $2,682,251. Insiders own 8.39% of the company’s stock.

EGBN has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $66.00 price target on shares of Eagle Bancorp in a research report on Friday, December 22nd. Boenning Scattergood reissued a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 19th. BidaskClub raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Stephens raised shares of Eagle Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $67.75.

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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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