Leland M. Weinstein Sells 8,295 Shares of Eagle Bancorp, Inc. (EGBN) Stock

Eagle Bancorp, Inc. (NASDAQ:EGBN) Director Leland M. Weinstein sold 8,295 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $62.22, for a total transaction of $516,114.90. Following the completion of the transaction, the director now directly owns 72,469 shares in the company, valued at $4,509,021.18. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Eagle Bancorp, Inc. (EGBN) traded up 0.80% during mid-day trading on Tuesday, hitting $63.30. 4,077 shares of the stock traded hands. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 21.31 and a beta of 0.68. Eagle Bancorp, Inc. has a 12 month low of $45.07 and a 12 month high of $64.94. The stock’s 50 day moving average is $59.39 and its 200-day moving average is $60.14.

Eagle Bancorp (NASDAQ:EGBN) last announced its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. The business had revenue of $73 million for the quarter, compared to the consensus estimate of $68.19 million. Eagle Bancorp had a net margin of 31.55% and a return on equity of 12.15%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 earnings per share. On average, equities research analysts anticipate that Eagle Bancorp, Inc. will post $3.19 EPS for the current year.

Insider Buying and Selling by Quarter for Eagle Bancorp (NASDAQ:EGBN)

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A number of research firms have weighed in on EGBN. BidaskClub raised shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research raised shares of Eagle Bancorp from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Thursday, June 8th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $64.00 target price on shares of Eagle Bancorp in a research note on Wednesday, April 5th. Finally, FIG Partners raised shares of Eagle Bancorp from a “market perform” rating to an “outperform” rating and set a $66.00 target price on the stock in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Eagle Bancorp presently has an average rating of “Hold” and an average price target of $66.00.

Several institutional investors have recently made changes to their positions in EGBN. Allianz Asset Management AG increased its position in shares of Eagle Bancorp by 22.7% in the fourth quarter. Allianz Asset Management AG now owns 356,508 shares of the financial services provider’s stock valued at $21,729,000 after buying an additional 65,906 shares during the last quarter. Congress Asset Management Co. MA bought a new position in Eagle Bancorp during the fourth quarter worth $551,000. Norges Bank bought a new position in Eagle Bancorp during the fourth quarter worth $14,529,000. Chevy Chase Trust Holdings Inc. increased its position in Eagle Bancorp by 26.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 119,802 shares of the financial services provider’s stock worth $7,152,000 after buying an additional 25,267 shares in the last quarter. Finally, HBK Investments L P bought a new position in Eagle Bancorp during the third quarter worth $365,000. 67.02% of the stock is currently owned by institutional investors and hedge funds.

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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