News coverage about Eagle Bancorp (NASDAQ:EGBN) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Eagle Bancorp earned a news impact score of 0.12 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 47.3869316409881 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Eagle Bancorp (NASDAQ EGBN) opened at 60.75 on Friday. The stock has a market capitalization of $2.08 billion, a P/E ratio of 19.79 and a beta of 0.70. The company’s 50-day moving average price is $62.61 and its 200 day moving average price is $60.81. Eagle Bancorp has a 52-week low of $47.20 and a 52-week high of $65.00.
Eagle Bancorp (NASDAQ:EGBN) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.04. Eagle Bancorp had a net margin of 31.79% and a return on equity of 12.17%. The business had revenue of $76.72 million for the quarter, compared to analyst estimates of $75.41 million. During the same period in the prior year, the company posted $0.71 EPS. On average, equities research analysts predict that Eagle Bancorp will post $3.27 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Eagle Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $64.00 price target on shares of Eagle Bancorp in a research note on Friday, May 19th. BidaskClub upgraded Eagle Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, FIG Partners upgraded 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 given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $67.25.
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In related news, EVP Janice L. Williams sold 10,000 shares of the firm’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $63.17, for a total value of $631,700.00. Following the transaction, the executive vice president now directly owns 73,490 shares of the company’s stock, valued at approximately $4,642,363.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leland M. Weinstein sold 8,295 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $62.22, for a total transaction of $516,114.90. Following the completion of the transaction, the director now directly owns 72,469 shares in the company, valued at $4,509,021.18. The disclosure for this sale can be found here. Insiders sold a total of 32,924 shares of company stock worth $2,074,098 over the last ninety days. 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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