Harvey Michael Goodman Sells 2,500 Shares of Eagle Bancorp Inc. (EGBN) Stock
Eagle Bancorp Inc. (NASDAQ:EGBN) Director Harvey Michael Goodman sold 2,500 shares of Eagle Bancorp stock in a transaction on Friday, November 11th. The stock was sold at an average price of $54.25, for a total transaction of $135,625.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Eagle Bancorp Inc. (NASDAQ:EGBN) opened at 53.65 on Thursday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 19.38 and a beta of 0.70. Eagle Bancorp Inc. has a one year low of $43.75 and a one year high of $57.30. The company’s 50 day moving average is $49.72 and its 200-day moving average is $49.89.
Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.05. Eagle Bancorp had a net margin of 31.02% and a return on equity of 12.15%. The firm earned $71.10 million during the quarter, compared to analysts’ expectations of $8.97 million. During the same period in the prior year, the company posted $0.64 EPS. The company’s revenue was up 9.0% on a year-over-year basis. Equities analysts expect that Eagle Bancorp Inc. will post $2.82 EPS for the current year.
A number of institutional investors have recently made changes to their positions in EGBN. BlackRock Inc. boosted its position 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 during the period. BlackRock Group LTD raised its stake in Eagle Bancorp by 17.4% in the first quarter. BlackRock Group LTD now owns 26,723 shares of the financial services provider’s stock worth $1,283,000 after buying an additional 3,959 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Eagle Bancorp by 3.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 874,167 shares of the financial services provider’s stock worth $41,960,000 after buying an additional 27,778 shares in the last quarter. State Street Corp raised its stake in Eagle Bancorp by 25.3% in the first quarter. State Street Corp now owns 603,991 shares of the financial services provider’s stock worth $28,994,000 after buying an additional 122,105 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in Eagle Bancorp during the first quarter worth approximately $206,000. Hedge funds and other institutional investors own 68.58% 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 price target on the stock in a research report on Tuesday, September 20th.
About Eagle Bancorp
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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