Ronald D. Paul Sells 1,209 Shares of Eagle Bancorp, Inc. (EGBN) Stock
Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Ronald D. Paul sold 1,209 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $62.33, for a total transaction of $75,356.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Eagle Bancorp, Inc. (EGBN) opened at 61.65 on Wednesday. Eagle Bancorp, Inc. has a one year low of $47.20 and a one year high of $65.00. The company has a 50 day moving average of $62.37 and a 200-day moving average of $60.86. The company has a market cap of $2.11 billion, a P/E ratio of 20.08 and a beta of 0.70.
Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.17%. The firm had revenue of $76.72 million during the quarter, compared to the consensus estimate of $75.41 million. During the same period last year, the firm posted $0.71 EPS. On average, equities analysts expect that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current fiscal year.
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A number of brokerages recently commented on EGBN. Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $64.00 price target on shares of Eagle Bancorp in a report on Friday, May 19th. BidaskClub raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, FIG Partners raised shares of Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price target for the company in a report on Monday, May 22nd. One 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 company has a consensus rating of “Hold” and a consensus target price of $66.75.
Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Eagle Bancorp by 54,771.8% in the first quarter. BlackRock Inc. now owns 1,958,376 shares of the financial services provider’s stock worth $116,916,000 after buying an additional 1,954,807 shares during the period. Wasatch Advisors Inc. increased its stake in shares of Eagle Bancorp by 19.4% in the second quarter. Wasatch Advisors Inc. now owns 2,153,740 shares of the financial services provider’s stock worth $136,332,000 after buying an additional 350,204 shares during the period. Jennison Associates LLC increased its stake in shares of Eagle Bancorp by 58.5% in the first quarter. Jennison Associates LLC now owns 846,125 shares of the financial services provider’s stock worth $50,514,000 after buying an additional 312,235 shares during the period. Teachers Advisors LLC increased its stake in shares of Eagle Bancorp by 374.6% in the first quarter. Teachers Advisors LLC now owns 270,797 shares of the financial services provider’s stock worth $16,167,000 after buying an additional 213,740 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Eagle Bancorp by 5.4% in the second quarter. Vanguard Group Inc. now owns 2,523,941 shares of the financial services provider’s stock worth $159,766,000 after buying an additional 129,146 shares during the period. Institutional investors and hedge funds own 68.17% of the company’s stock.
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. 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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