Eagle Bancorp (EGBN) Posts Earnings Results, Beats Expectations By $0.02 EPS
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.
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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.
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