Eagle Bancorp, Inc. (NASDAQ:EGBN) has earned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $66.00.
A number of research analysts have commented on the company. BidaskClub raised Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research raised Eagle Bancorp from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Thursday, June 8th. FIG Partners raised Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 price target for the company in a research report on Monday, May 22nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $64.00 price target on shares of Eagle Bancorp in a research report on Friday, May 19th.
In other news, Director Leland M. Weinstein sold 3,932 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $62.97, for a total value of $247,598.04. Following the completion of the transaction, the director now owns 64,274 shares of the company’s stock, valued at approximately $4,047,333.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James H. Langmead sold 5,000 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $58.03, for a total value of $290,150.00. Following the completion of the transaction, the chief financial officer now directly owns 4,935 shares of the company’s stock, valued at approximately $286,378.05. The disclosure for this sale can be found here. Insiders sold a total of 17,227 shares of company stock valued at $1,053,863 in the last three months. Corporate insiders own 8.39% of the company’s stock.
Several hedge funds have recently bought and sold shares of EGBN. Oppenheimer Asset Management Inc. bought a new stake in Eagle Bancorp during the first quarter valued at $124,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Eagle Bancorp by 57.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,485 shares of the financial services provider’s stock valued at $151,000 after buying an additional 910 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Eagle Bancorp during the first quarter valued at $158,000. Burt Wealth Advisors increased its stake 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 valued at $193,000 after buying an additional 148 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake 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 valued at $203,000 after buying an additional 10 shares during the last quarter. Institutional investors own 67.02% of the company’s stock.
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Eagle Bancorp (NASDAQ EGBN) traded up 0.56% during midday trading on Monday, reaching $63.35. The company had a trading volume of 371,087 shares. The company has a 50-day moving average price of $59.63 and a 200-day moving average price of $60.27. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 21.33 and a beta of 0.68. Eagle Bancorp has a one year low of $45.07 and a one year high of $64.94.
Eagle Bancorp (NASDAQ:EGBN) last released its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $73 million during the quarter, compared to analyst estimates of $68.19 million. Eagle Bancorp had a return on equity of 12.15% and a net margin of 31.55%. Eagle Bancorp’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS. On average, equities analysts expect that Eagle Bancorp will post $3.19 earnings per share for the current year.
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.
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