Eagle Bancorp Inc. (EGBN) Director Sells $41,733.30 in Stock
Eagle Bancorp Inc. (NASDAQ:EGBN) Director Dudley C. Dworken sold 833 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $50.10, for a total transaction of $41,733.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Eagle Bancorp Inc. (NASDAQ:EGBN) opened at 55.55 on Monday. The company has a 50-day moving average of $49.33 and a 200 day moving average of $49.83. The stock has a market cap of $1.87 billion, a P/E ratio of 20.06 and a beta of 0.70. 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, October 19th. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Eagle Bancorp had a return on equity of 12.15% and a net margin of 31.02%. The firm had revenue of $71.10 million for the quarter, compared to analysts’ expectations of $8.97 million. During the same period in the prior year, the business posted $0.64 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts forecast that Eagle Bancorp Inc. will post $2.82 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. KCG Holdings Inc. bought a new stake in shares of Eagle Bancorp during the third quarter worth $209,000. Citadel Advisors LLC bought a new stake in shares of Eagle Bancorp during the third quarter worth $484,000. Principal Financial Group Inc. bought a new stake in shares of Eagle Bancorp during the third quarter worth $205,000. Jacobson & Schmitt Advisors LLC boosted its stake in shares of Eagle Bancorp by 0.6% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 93,691 shares of the financial services provider’s stock worth $4,622,000 after buying an additional 578 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Eagle Bancorp by 0.9% in the third quarter. California State Teachers Retirement System now owns 64,732 shares of the financial services provider’s stock worth $3,193,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 68.58% 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 for the company in a research report 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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