Eagle Bancorp Inc. (EGBN) Director Leslie M. Alperstein Sells 5,000 Shares
Eagle Bancorp Inc. (NASDAQ:EGBN) Director Leslie M. Alperstein sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $49.24, for a total transaction of $246,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Eagle Bancorp Inc. (NASDAQ:EGBN) opened at 48.54 on Wednesday. Eagle Bancorp Inc. has a 1-year low of $43.75 and a 1-year high of $55.56. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 18.19 and a beta of 0.82. The firm has a 50-day moving average of $50.26 and a 200 day moving average of $49.56.
Eagle Bancorp (NASDAQ:EGBN) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. Eagle Bancorp had a net margin of 30.91% and a return on equity of 12.15%. During the same period in the previous year, the firm posted $0.61 earnings per share. Analysts expect that Eagle Bancorp Inc. will post $2.79 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of EGBN. BlackRock Inc. boosted its stake in 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 during 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 acquired a new stake in shares of Eagle Bancorp during the second quarter valued at approximately $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 acquired a new stake in shares of Eagle Bancorp during the first quarter valued at approximately $206,000. Hedge funds and other institutional investors own 67.65% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock 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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