Eagle Bancorp, Inc. (NASDAQ:EGBN) shares reached a new 52-week high on Tuesday . The company traded as high as $68.35 and last traded at $68.30, with a volume of 29,289 shares changing hands. The stock had previously closed at $68.25.
A number of analysts recently commented on EGBN shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $64.00 price target on shares of Eagle Bancorp in a report on Tuesday, October 3rd. Zacks Investment Research upgraded Eagle Bancorp from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Tuesday, September 19th. Finally, BidaskClub lowered Eagle Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $67.50.
The stock’s 50 day moving average is $64.15 and its 200 day moving average is $61.56. The stock has a market cap of $2.34 billion, a PE ratio of 22.26 and a beta of 0.74.
Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $76.72 million for the quarter, compared to the consensus estimate of $75.41 million. During the same period last year, the firm posted $0.71 EPS. Equities research analysts predict that Eagle Bancorp, Inc. will post $3.27 EPS for the current year.
In other news, CEO Ronald D. Paul sold 706 shares of Eagle Bancorp stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $64.12, for a total value of $45,268.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Janice L. Williams sold 10,000 shares of Eagle Bancorp stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $63.17, for a total transaction of $631,700.00. Following the completion of the sale, the executive vice president now directly owns 73,490 shares in the company, valued at approximately $4,642,363.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,209 shares of company stock worth $8,919,987. Insiders own 8.39% of the company’s stock.
Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Eagle Bancorp by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 794,108 shares of the financial services provider’s stock valued at $47,409,000 after acquiring an additional 33,046 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Eagle Bancorp by 23.5% in the second quarter. Jennison Associates LLC now owns 1,044,733 shares of the financial services provider’s stock valued at $66,132,000 after purchasing an additional 198,608 shares during the period. John W. Rosenthal Capital Management Inc. lifted its stake in shares of Eagle Bancorp by 3.0% in the second quarter. John W. Rosenthal Capital Management Inc. now owns 115,088 shares of the financial services provider’s stock valued at $7,285,000 after purchasing an additional 3,300 shares during the period. Glassman Wealth Services lifted its stake in shares of Eagle Bancorp by 4.4% in the second quarter. Glassman Wealth Services now owns 44,688 shares of the financial services provider’s stock valued at $2,829,000 after purchasing an additional 1,878 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Eagle Bancorp by 7.2% in the first quarter. Geode Capital Management LLC now owns 250,644 shares of the financial services provider’s stock valued at $14,963,000 after purchasing an additional 16,775 shares during the period. 68.07% of the stock is currently owned by institutional investors and hedge funds.
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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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