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.
COPYRIGHT VIOLATION NOTICE: “Leland M. Weinstein Sells 8,295 Shares of Eagle Bancorp, Inc. (EGBN) Stock” was published by sleekmoney and is the sole property of of sleekmoney. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://sleekmoney.com/leland-m-weinstein-sells-8295-shares-of-eagle-bancorp-inc-egbn-stock/1904780.html.
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.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/leland-m-weinstein-sells-8295-shares-of-eagle-bancorp-inc-egbn-stock/1904780.html
Receive News & Ratings for Eagle Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.