Eagle Bancorp (NASDAQ:EGBN) Stock: Insider Stephen Russell Curley Purchases 4,393 Shares

Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Stephen Russell Curley bought 4,393 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average price of $34.05 per share, with a total value of $149,581.65. Following the completion of the transaction, the chief executive officer directly owned 54,682 shares of the company’s stock, valued at $1,861,922.10. This trade represents a 8.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Eagle Bancorp Stock Performance

EGBN stock traded up $0.06 during midday trading on Friday, reaching $34.44. 464,170 shares of the company’s stock traded hands, compared to its average volume of 511,598. Eagle Bancorp, Inc. has a 52-week low of $15.58 and a 52-week high of $35.05. The stock has a market cap of $1.05 billion, a P/E ratio of 19.68 and a beta of 0.97. 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 stock’s 50-day moving average is $30.03 and its 200 day moving average is $27.56.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.45. The business had revenue of $70.87 million for the quarter, compared to the consensus estimate of $71.78 million. Eagle Bancorp had a net margin of 9.30% and a return on equity of 4.66%. As a group, analysts anticipate that Eagle Bancorp, Inc. will post 1.99 EPS for the current year.

Eagle Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, November 6th will be paid 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%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Zacks Research raised Eagle Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Hovde Group began coverage on Eagle Bancorp in a report on Wednesday, October 7th. They set an “outperform” rating and a $37.00 price target for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Eagle Bancorp in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.00.

Institutional Investors Weigh In On Eagle Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Eagle Bancorp by 502.7% during 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 purchased a new stake in shares of Eagle Bancorp in the second quarter worth $39,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Eagle Bancorp in the first quarter worth $37,000. Fortitude Family Office LLC increased its stake in shares of Eagle Bancorp by 2,280.6% in the third quarter. Fortitude Family Office LLC now owns 1,714 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,642 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Eagle Bancorp during the 2nd quarter valued at $62,000. Institutional investors own 78.03% of the company’s stock.

Key Headlines Impacting Eagle Bancorp

Investors following EGBN have been watching these headlines:

• Positive Sentiment: A recent report said credit costs eased in the third quarter, a potentially favorable development for the bank’s profitability and credit outlook. Report on easing credit costs
• Positive Sentiment: An analyst target increase lifted an estimate of EGBN’s fair value, adding another supportive valuation signal; the article did not specify the revised target in the provided details. Fair value and target report
• Neutral Sentiment: The latest reported quarter beat EPS expectations ($0.79 versus $0.34), but revenue came in slightly below estimates ($70.87 million versus $71.78 million), leaving a mixed operating signal.

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.