Media stories about Eagle Bancorp (NASDAQ:EGBN) have been trending somewhat positive on Friday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eagle Bancorp earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 43.9951155016875 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- EGBN SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Eagle Bancorp, Inc. (finance.yahoo.com)
- Head-To-Head Survey: Eagle Bancorp (EGBN) & Its Peers (americanbankingnews.com)
- Robbins Arroyo LLP is Investigating the Officers and Directors of Eagle Bancorp, Inc. (EGBN) on Behalf of Shareholders (markets.financialcontent.com)
- EGBN INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation on Behalf of Eagle Bancorp, Inc. Investors (finance.yahoo.com)
- Critical Comparison: Eagle Bancorp (EGBN) & Its Rivals (americanbankingnews.com)
A number of equities analysts have weighed in on the company. BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday. Keefe, Bruyette & Woods upgraded Eagle Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, December 4th. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $76.00 price target 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $68.50.
Eagle Bancorp (EGBN) opened at $58.00 on Friday. The firm has a market capitalization of $1,968.65, a P/E ratio of 18.00 and a beta of 0.87. Eagle Bancorp has a fifty-two week low of $46.20 and a fifty-two week high of $69.80. 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 announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.05. Eagle Bancorp had a return on equity of 12.37% and a net margin of 32.40%. The company had revenue of $71.94 million for the quarter, compared to analyst estimates of $72.66 million. During the same period in the prior year, the company posted $0.72 EPS. Eagle Bancorp’s quarterly revenue was up 11.1% on a year-over-year basis. equities analysts forecast that Eagle Bancorp will post 3.34 earnings per share for the current year.
In other Eagle Bancorp news, CEO Ronald D. Paul sold 3,672 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $63.57, for a total value of $233,429.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Janice L. Williams sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $63.32, for a total value of $633,200.00. Following the completion of the transaction, the executive vice president now directly owns 64,940 shares in the company, valued at $4,112,000.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,262 shares of company stock worth $7,632,260. 8.39% of the stock is currently owned by corporate insiders.
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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