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.

Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The business had revenue of $71.94 million during the quarter, compared to the consensus estimate of $72.66 million. Eagle Bancorp had a return on equity of 12.37% and a net margin of 32.40%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. research analysts anticipate that Eagle Bancorp, Inc. will post 3.33 earnings per share for the current fiscal year.

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.

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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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