Janice L. Williams Sells 10,000 Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) EVP Janice L. Williams sold 10,000 shares of Eagle Bancorp stock in a transaction on Friday, July 21st. The stock was sold at an average price of $63.17, for a total transaction of $631,700.00. Following the completion of the transaction, the executive vice president now owns 73,490 shares in the company, valued at approximately $4,642,363.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Eagle Bancorp, Inc. (NASDAQ:EGBN) opened at 61.50 on Friday. The stock’s 50 day moving average is $62.67 and its 200 day moving average is $60.79. The company has a market cap of $2.10 billion, a P/E ratio of 20.03 and a beta of 0.70. Eagle Bancorp, Inc. has a 12-month low of $47.20 and a 12-month high of $65.00.

Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. The company had revenue of $76.72 million for the quarter, compared to analyst estimates 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 firm earned $0.71 earnings per share. On average, equities analysts forecast that Eagle Bancorp, Inc. will post $3.27 earnings per share for the current year.

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Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 buying an additional 1,162 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Eagle Bancorp during the first quarter worth approximately $124,000. Ameritas Investment Partners Inc. acquired a new position in Eagle Bancorp during the first quarter worth approximately $158,000. Burt Wealth Advisors raised its position in Eagle Bancorp by 4.8% in the first quarter. Burt Wealth Advisors now owns 3,235 shares of the financial services provider’s stock worth $193,000 after buying an additional 148 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Eagle Bancorp by 0.3% in the first 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 in the last quarter. 66.55% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on EGBN. Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $64.00 price objective on shares of Eagle Bancorp in a report on Friday, May 19th. BidaskClub upgraded shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, FIG Partners upgraded shares of Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price objective on the stock in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Eagle Bancorp has an average rating of “Hold” and an average price target of $67.25.

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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