Dudley C. Dworken Sells 1,167 Shares of Eagle Bancorp Inc. (EGBN) Stock
Eagle Bancorp Inc. (NASDAQ:EGBN) Director Dudley C. Dworken sold 1,167 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $50.31, for a total transaction of $58,711.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Eagle Bancorp Inc. (NASDAQ:EGBN) opened at 49.58 on Thursday. The company has a market cap of $1.67 billion, a P/E ratio of 18.58 and a beta of 0.83. The firm has a 50-day moving average of $50.55 and a 200 day moving average of $49.53. Eagle Bancorp Inc. has a 52 week low of $43.75 and a 52 week high of $55.56.
Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Eagle Bancorp had a return on equity of 12.15% and a net margin of 30.91%. During the same quarter in the previous year, the firm earned $0.61 EPS. Equities analysts anticipate that Eagle Bancorp Inc. will post $2.79 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Eagle Bancorp by 101.1% in the first quarter. BlackRock Inc. now owns 2,214 shares of the financial services provider’s stock valued at $106,000 after buying an additional 1,113 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Eagle Bancorp by 91.7% in the second quarter. Sei Investments Co. now owns 4,100 shares of the financial services provider’s stock valued at $198,000 after buying an additional 1,961 shares in the last quarter. Profit Investment Management LLC bought a new stake in shares of Eagle Bancorp during the second quarter valued at $201,000. Teacher Retirement System of Texas boosted its stake in shares of Eagle Bancorp by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,208 shares of the financial services provider’s stock valued at $202,000 after buying an additional 511 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new stake in shares of Eagle Bancorp during the first quarter valued at $206,000. Hedge funds and other institutional investors own 67.65% of the company’s stock.
Separately, Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Tuesday, September 20th.
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, which operates over 20 banking offices in Montgomery County, Maryland; District of Columbia, and Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area.
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