Insider Selling: Eagle Bancorp, Inc. (EGBN) Director Sells 2,000 Shares of Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) Director Dudley C. Dworken sold 2,000 shares of Eagle Bancorp stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $67.00, for a total transaction of $134,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Eagle Bancorp, Inc. (NASDAQ EGBN) opened at $49.95 on Monday. The stock has a market cap of $1,707.19, a P/E ratio of 15.61 and a beta of 0.87. Eagle Bancorp, Inc. has a fifty-two week low of $46.20 and a fifty-two week high of $69.80. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23.

Eagle Bancorp (NASDAQ:EGBN) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. The company had revenue of $71.94 million during the quarter, compared to analyst estimates of $72.66 million. Eagle Bancorp had a net margin of 32.40% and a return on equity of 12.37%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. analysts predict that Eagle Bancorp, Inc. will post 3.33 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its holdings in Eagle Bancorp by 6.7% in the 3rd quarter. California Public Employees Retirement System now owns 41,068 shares of the financial services provider’s stock worth $2,754,000 after acquiring an additional 2,578 shares in the last quarter. Zions Bancorporation bought a new position in Eagle Bancorp in the 3rd quarter worth approximately $231,000. Oppenheimer Asset Management Inc. boosted its stake in Eagle Bancorp by 38.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,966 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 1,092 shares during the period. Dimensional Fund Advisors LP boosted its stake in Eagle Bancorp by 5.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 849,889 shares of the financial services provider’s stock worth $56,984,000 after purchasing an additional 43,512 shares during the period. Finally, Moody Aldrich Partners LLC boosted its stake in Eagle Bancorp by 41.5% in the 3rd quarter. Moody Aldrich Partners LLC now owns 24,557 shares of the financial services provider’s stock worth $1,647,000 after purchasing an additional 7,197 shares during the period. 68.30% of the stock is owned by institutional investors.

Several research analysts have commented on EGBN shares. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Tuesday, August 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $64.00 target price on shares of Eagle Bancorp in a report on Tuesday, October 3rd. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Eagle Bancorp in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Eagle Bancorp presently has an average rating of “Hold” and an average price target of $68.50.

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About Eagle Bancorp

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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