Eagle Bancorp, Inc. (EGBN) CEO Sells $332,350.00 in Stock
Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Ronald D. Paul sold 5,000 shares of the business’s 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 SEC, which is available at this hyperlink.
Shares of Eagle Bancorp, Inc. (EGBN) opened at $67.25 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2,298.20, a price-to-earnings ratio of 21.02 and a beta of 0.90. Eagle Bancorp, Inc. has a 12 month low of $47.20 and a 12 month high of $68.90.
Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. The company had revenue of $71.94 million during the quarter, compared to the consensus estimate of $72.66 million. Eagle Bancorp had a net margin of 32.40% and a return on equity of 12.59%. Eagle Bancorp’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. research analysts anticipate that Eagle Bancorp, Inc. will post 3.3 earnings per share for the current fiscal year.
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A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $64.00 target price on shares of Eagle Bancorp in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Friday, October 20th. Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 19th. Finally, BidaskClub lowered shares of Eagle Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. One equities research 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 a consensus rating of “Hold” and an average target price of $68.50.
Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Eagle Bancorp by 158.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,896 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,162 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Eagle Bancorp in the 1st quarter worth $124,000. Prudential Financial Inc. boosted its holdings in Eagle Bancorp by 0.3% in the 1st quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock worth $203,000 after buying an additional 10 shares during the period. D.A. Davidson & CO. boosted its holdings in Eagle Bancorp by 49.9% in the 2nd quarter. D.A. Davidson & CO. now owns 3,537 shares of the financial services provider’s stock worth $223,000 after buying an additional 1,177 shares during the period. Finally, Amalgamated Bank boosted its holdings in Eagle Bancorp by 7.5% in the 2nd quarter. Amalgamated Bank now owns 4,052 shares of the financial services provider’s stock worth $256,000 after buying an additional 283 shares during the period. 68.14% of the stock is owned by institutional investors.
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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