Insider Selling: Eagle Bancorp (NASDAQ:EGBN) Director Sells 3,000 Shares of Company Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) Director Trevor Montano sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $33.98, for a total value of $101,940.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Eagle Bancorp Stock Up 0.0%

Shares of NASDAQ:EGBN traded up $0.01 during trading on Friday, hitting $34.39. 122,154 shares of the company’s stock traded hands, compared to its average volume of 330,712. Eagle Bancorp, Inc. has a 52 week low of $15.58 and a 52 week high of $35.05. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 19.65 and a beta of 0.97. The company has a 50-day moving average price of $29.90 and a 200-day moving average price of $27.52.

Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.45. The business had revenue of $70.87 million during the quarter, compared to analysts’ expectations of $71.78 million. Eagle Bancorp had a return on equity of 4.66% and a net margin of 9.30%. As a group, research analysts forecast that Eagle Bancorp, Inc. will post 1.84 EPS for the current fiscal year.

Eagle Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, November 6th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, November 6th. Eagle Bancorp’s dividend payout ratio is 2.29%.

Institutional Trading of Eagle Bancorp

Institutional investors have recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC acquired a new position in Eagle Bancorp during the first quarter worth $37,000. Parallel Advisors LLC grew its position in Eagle Bancorp by 502.7% in the third quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,106 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Eagle Bancorp in the 2nd quarter valued at $39,000. Fortitude Family Office LLC lifted its position in Eagle Bancorp by 2,280.6% during the 3rd quarter. Fortitude Family Office LLC now owns 1,714 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,642 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Eagle Bancorp during the 2nd quarter worth about $62,000. Institutional investors own 78.03% of the company’s stock.

Wall Street Analysts Forecast Growth

EGBN has been the topic of several research reports. Hovde Group began coverage on shares of Eagle Bancorp in a research report on Wednesday, October 7th. They issued an “outperform” rating and a $37.00 price objective on the stock. Zacks Research upgraded Eagle Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eagle Bancorp in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.00.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc. is the bank holding company for EagleBank, a community bank headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, organizations and individuals in the Washington, D.C., metropolitan area, including parts of Maryland and Northern Virginia. The company provides commercial and consumer banking services, including business and commercial real estate lending, deposit accounts, cash management and other treasury services. EagleBank also offers banking and lending products to individuals and nonprofit organizations.