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.
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.
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