Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Ronald D. Paul sold 3,672 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $63.57, for a total value of $233,429.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Eagle Bancorp, Inc. (NASDAQ EGBN) traded down 0.198% during midday trading on Thursday, hitting $63.125. The company had a trading volume of 7,476 shares. Eagle Bancorp, Inc. has a 12-month low of $47.20 and a 12-month high of $65.00. The firm has a market capitalization of $2.16 billion, a P/E ratio of 20.562 and a beta of 0.72. The firm’s 50-day moving average is $62.30 and its 200-day moving average is $60.85.
Eagle Bancorp (NASDAQ:EGBN) last announced 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 return on equity of 12.17% and a net margin of 31.79%. The business had revenue of $76.72 million for the quarter, compared to analyst estimates of $75.41 million. During the same quarter last year, the firm earned $0.71 EPS. On average, analysts predict that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in EGBN. Wells Fargo & Company MN raised its position in Eagle Bancorp by 13.1% in the 1st quarter. Wells Fargo & Company MN now owns 105,023 shares of the financial services provider’s stock valued at $6,270,000 after buying an additional 12,196 shares during the last quarter. First Trust Advisors LP raised its position in Eagle Bancorp by 31.0% in the 1st quarter. First Trust Advisors LP now owns 86,718 shares of the financial services provider’s stock valued at $5,177,000 after buying an additional 20,501 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Eagle Bancorp by 77.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 14,681 shares of the financial services provider’s stock valued at $876,000 after buying an additional 6,385 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Eagle Bancorp in the 1st quarter valued at approximately $301,000. Finally, Sei Investments Co. raised its position in Eagle Bancorp by 1.7% in the 1st quarter. Sei Investments Co. now owns 6,892 shares of the financial services provider’s stock valued at $412,000 after buying an additional 112 shares during the last quarter. 68.05% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on EGBN shares. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Thursday, June 8th. BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $67.50.
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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