Insider Selling: Eagle Bancorp (NASDAQ:EGBN) Director Sells $275,040.00 in Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) Director Theresa Laplaca sold 8,000 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $34.38, for a total transaction of $275,040.00. Following the transaction, the director owned 38,798 shares of the company’s stock, valued at approximately $1,333,875.24. This represents a 17.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Eagle Bancorp Price Performance

NASDAQ EGBN traded up $0.06 during trading on Friday, reaching $34.44. 464,170 shares of the company traded hands, compared to its average volume of 511,598. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 19.68 and a beta of 0.97. Eagle Bancorp, Inc. has a 1-year low of $15.58 and a 1-year high of $35.05. The stock’s 50 day moving average price is $30.03 and its two-hundred day moving average price is $27.56.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.34 by $0.45. Eagle Bancorp had a return on equity of 4.66% and a net margin of 9.30%. The business had revenue of $70.87 million for the quarter, compared to analyst estimates of $71.78 million. As a group, analysts anticipate that Eagle Bancorp, Inc. will post 1.99 EPS for the current year.

Eagle Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, November 6th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, November 6th. Eagle Bancorp’s payout ratio is currently 2.29%.

Key Stories Impacting Eagle Bancorp

Investors following EGBN have been watching these stories:

• Positive Sentiment: Zacks upgraded Eagle Bancorp to Rank #2 (Buy), citing improved earnings prospects; a separate Zacks piece highlighted the stock’s momentum appeal. Zacks rating upgrade Zacks momentum article
• Positive Sentiment: An analyst target increase lifted an estimate of EGBN’s fair value, adding another supportive valuation signal; the article did not specify the revised target in the provided details. Fair value and target report
• Neutral Sentiment: The latest reported quarter beat EPS expectations ($0.79 versus $0.34), but revenue came in slightly below estimates ($70.87 million versus $71.78 million), leaving a mixed operating signal.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in Eagle Bancorp by 16.2% during the second quarter. Versant Capital Management Inc now owns 3,545 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 493 shares in the last quarter. Hilton Head Capital Partners LLC raised its stake in Eagle Bancorp by 3.3% in the 3rd quarter. Hilton Head Capital Partners LLC now owns 19,011 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 599 shares during the period. Swiss National Bank lifted its holdings in Eagle Bancorp by 1.9% during the 1st quarter. Swiss National Bank now owns 60,032 shares of the financial services provider’s stock valued at $1,493,000 after purchasing an additional 1,100 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Eagle Bancorp by 502.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,326 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,106 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Eagle Bancorp during the 2nd quarter valued at $39,000. 78.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on EGBN shares. Hovde Group assumed coverage on shares of Eagle Bancorp in a report on Wednesday, October 7th. They set an “outperform” rating and a $37.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Eagle Bancorp in a report on Wednesday, September 2nd. Finally, Zacks Research upgraded Eagle Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Eagle Bancorp has an average rating of “Hold” and an average price target of $31.00.

About Eagle Bancorp

Eagle Bancorp, Inc. is the bank holding company for EagleBank, a community bank headquartered in Bethesda, Maryland. Founded in 1998, EagleBank serves businesses, organizations and individuals in the Washington, D.C., metropolitan area, including parts of Maryland and Northern Virginia. The company provides commercial and consumer banking services, including business and commercial real estate lending, deposit accounts, cash management and other treasury services. EagleBank also offers banking and lending products to individuals and nonprofit organizations.