Eagle Bancorp, Inc. (EGBN) CEO Sells $1,048,509.60 in Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) CEO Ronald D. Paul sold 16,486 shares of Eagle Bancorp stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $63.60, for a total transaction of $1,048,509.60. The sale was disclosed in a document filed with the SEC, which is available at this link.

Eagle Bancorp, Inc. (NASDAQ EGBN) opened at 63.60 on Friday. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 20.72 and a beta of 0.72. The firm has a 50-day moving average of $62.21 and a 200-day moving average of $60.87. Eagle Bancorp, Inc. has a 1-year low of $47.20 and a 1-year high of $65.00.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.04. The company had revenue of $76.72 million for the quarter, compared to analysts’ expectations of $75.41 million. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.17%. During the same period in the prior year, the company earned $0.71 earnings per share. On average, analysts expect that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current year.

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Several brokerages recently commented on EGBN. BidaskClub upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research lowered shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, FIG Partners upgraded shares of Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price target on the stock in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Eagle Bancorp has a consensus rating of “Hold” and a consensus price target of $66.50.

Several large investors have recently modified their holdings of the business. Prudential Financial Inc. raised its holdings in shares of Eagle Bancorp by 0.3% during the first quarter. Prudential Financial Inc. now owns 3,408 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 10 shares during the period. Alps Advisors Inc. raised its holdings in shares of Eagle Bancorp by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,889 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 21 shares during the period. First National Bank of Hutchinson raised its holdings in shares of Eagle Bancorp by 0.3% during the second quarter. First National Bank of Hutchinson now owns 10,224 shares of the financial services provider’s stock worth $649,000 after purchasing an additional 32 shares during the period. Trillium Asset Management LLC raised its holdings in shares of Eagle Bancorp by 0.3% during the second quarter. Trillium Asset Management LLC now owns 18,185 shares of the financial services provider’s stock worth $1,151,000 after purchasing an additional 48 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Eagle Bancorp by 1.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,751 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 100 shares during the period. 68.17% of the stock is currently owned by 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.

Insider Buying and Selling by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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