Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Ronald D. Paul sold 16,486 shares of Eagle Bancorp stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $63.60, for a total value of $1,048,509.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Eagle Bancorp, Inc. (NASDAQ EGBN) traded up 0.87% during midday trading on Friday, reaching $63.60. The company’s stock had a trading volume of 243,399 shares. Eagle Bancorp, Inc. has a 52 week low of $47.20 and a 52 week high of $65.00. The company’s 50-day moving average is $62.16 and its 200 day moving average is $60.86. The firm has a market capitalization of $2.17 billion, a P/E ratio of 20.72 and a beta of 0.72.
Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.04. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.17%. The company had revenue of $76.72 million during the quarter, compared to analysts’ expectations of $75.41 million. During the same period last year, the company posted $0.71 earnings per share. Analysts expect that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in Eagle Bancorp by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 794,108 shares of the financial services provider’s stock valued at $47,409,000 after buying an additional 33,046 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in Eagle Bancorp in the first quarter valued at about $531,000. Jennison Associates LLC increased its holdings in 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 in the last quarter. Geode Capital Management LLC increased its holdings in Eagle Bancorp by 7.2% in the first quarter. Geode Capital Management LLC now owns 250,644 shares of the financial services provider’s stock valued at $14,963,000 after buying an additional 16,775 shares in the last quarter. Finally, John W. Rosenthal Capital Management Inc. increased its holdings in Eagle Bancorp by 3.0% in the second quarter. John W. Rosenthal Capital Management Inc. now owns 115,088 shares of the financial services provider’s stock valued at $7,285,000 after buying an additional 3,300 shares in the last quarter. 68.17% of the stock is owned by institutional investors.
Several brokerages recently weighed in on EGBN. Zacks Investment Research lowered Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 price target on shares of Eagle Bancorp in a research note on Friday, May 19th. BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, FIG Partners upgraded Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price target for the company in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $66.50.
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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