Eagle Bancorp, Inc. (NASDAQ:EGBN) rose 6.3% during mid-day trading on Friday . The stock traded as high as $65.40 and last traded at $64.95. Approximately 524,644 shares were traded during trading, an increase of 166% from the average daily volume of 197,238 shares. The stock had previously closed at $61.10.

EGBN has been the subject of several research reports. Stephens raised shares of Eagle Bancorp from an “equal weight” rating to an “overweight” rating and set a $69.00 price objective for the company in a research report on Friday. BidaskClub raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Eagle Bancorp in a research report on Friday, October 20th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Eagle Bancorp in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Eagle Bancorp presently has an average rating of “Buy” and an average target price of $68.00.

The company has a market cap of $2,219.86, a price-to-earnings ratio of 19.50 and a beta of 0.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23.

Eagle Bancorp (NASDAQ:EGBN) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Eagle Bancorp had a net margin of 28.32% and a return on equity of 12.65%. The business had revenue of $84.86 million during the quarter, compared to analysts’ expectations of $80.80 million. equities analysts predict that Eagle Bancorp, Inc. will post 4.41 earnings per share for the current year.

In related news, CEO Ronald D. Paul sold 5,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $66.47, for a total transaction of $332,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey Michael Goodman sold 3,000 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $67.00, for a total transaction of $201,000.00. The disclosure for this sale can be found here. Insiders have sold 39,959 shares of company stock valued at $2,682,251 in the last 90 days. 8.39% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in EGBN. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Eagle Bancorp by 158.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 1,162 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Eagle Bancorp by 49.9% in the second quarter. D.A. Davidson & CO. now owns 3,537 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 1,177 shares during the last quarter. Zions Bancorporation acquired a new stake in Eagle Bancorp in the third quarter valued at $231,000. Amalgamated Bank lifted its stake in Eagle Bancorp by 7.5% in the second quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 283 shares during the last quarter. Finally, Menta Capital LLC acquired a new stake in Eagle Bancorp in the second quarter valued at $266,000. Hedge funds and other institutional investors own 68.23% of the company’s stock.

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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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