Eagle Bancorp (EGBN) Reaches New 1-Year Low at $52.21
Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) reached a new 52-week low during trading on Friday . The company traded as low as $52.21 and last traded at $66.15, with a volume of 231400 shares. The stock had previously closed at $68.50.
A number of analysts have recently commented on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $64.00 price objective on shares of Eagle Bancorp in a report on Tuesday, October 3rd. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Friday, October 20th. Finally, Boenning Scattergood restated a “buy” rating on shares of Eagle Bancorp in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Eagle Bancorp currently has an average rating of “Hold” and an average price target of $68.50.
The firm has a market capitalization of $1,710.00, a price-to-earnings ratio of 20.67 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05.
In related news, Director Dudley C. Dworken sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $67.00, for a total transaction of $134,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ronald D. Paul sold 28,140 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $65.62, for a total transaction of $1,846,546.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,553 shares of company stock valued at $9,932,774. Insiders own 8.39% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System boosted its position in Eagle Bancorp by 6.7% during the 3rd quarter. California Public Employees Retirement System now owns 41,068 shares of the financial services provider’s stock worth $2,754,000 after purchasing an additional 2,578 shares during the period. Zions Bancorporation purchased a new stake in Eagle Bancorp during the 3rd quarter worth $231,000. Oppenheimer Asset Management Inc. boosted its position in Eagle Bancorp by 38.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,966 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 1,092 shares during the period. Dimensional Fund Advisors LP boosted its position in Eagle Bancorp by 5.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 849,889 shares of the financial services provider’s stock worth $56,984,000 after purchasing an additional 43,512 shares during the period. Finally, Moody Aldrich Partners LLC boosted its position in Eagle Bancorp by 41.5% during the 3rd quarter. Moody Aldrich Partners LLC now owns 24,557 shares of the financial services provider’s stock worth $1,647,000 after purchasing an additional 7,197 shares during the period. 68.30% of the stock is owned by hedge funds and other institutional investors.
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. 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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