Eagle Bancorp Inc. (NASDAQ:EGBN) Director Dudley C. Dworken sold 1,167 shares of the stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $50.31, for a total value of $58,711.77. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Eagle Bancorp Inc. (NASDAQ:EGBN) opened at 49.58 on Thursday. The stock’s 50 day moving average price is $50.55 and its 200-day moving average price is $49.53. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 18.58 and a beta of 0.83. Eagle Bancorp Inc. has a 1-year low of $43.75 and a 1-year high of $55.56.
Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Eagle Bancorp had a return on equity of 12.15% and a net margin of 30.91%. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, equities research analysts forecast that Eagle Bancorp Inc. will post $2.79 earnings per share for the current year.
Separately, Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Tuesday, September 20th.
Several large investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its stake in shares of Eagle Bancorp by 0.9% in the second quarter. California State Teachers Retirement System now owns 64,132 shares of the financial services provider’s stock worth $3,085,000 after buying an additional 570 shares during the period. Profit Investment Management LLC bought a new stake in shares of Eagle Bancorp during the second quarter worth $201,000. Shinko Asset Management Co. Ltd. boosted its stake in shares of Eagle Bancorp by 91.4% in the second quarter. Shinko Asset Management Co. Ltd. now owns 145,388 shares of the financial services provider’s stock worth $6,995,000 after buying an additional 69,419 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Eagle Bancorp by 3.9% in the second quarter. Eagle Asset Management Inc. now owns 93,500 shares of the financial services provider’s stock worth $4,498,000 after buying an additional 3,531 shares during the period. Finally, Bellevue Group AG bought a new stake in shares of Eagle Bancorp during the first quarter worth $3,783,000. Hedge funds and other institutional investors own 67.65% of the company’s stock.
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, which operates over 20 banking offices in Montgomery County, Maryland; District of Columbia, and Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area.
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